Back to March 2018

Leeds Building Society launches two-year fixed rate ISA

Leeds Building Society has introduced a new two year fixed rate ISA as part of a refreshed range of tax-free savings products.

The new ISA is available from Wednesday, 28th March, ahead of the end of the current tax year, offering a rate of 1.65% tax-free pa/AER*.

Richard Fearon, Leeds Building Society’s Chief Commercial Officer, said: “Our fixed rate ISAs are consistently in high demand from consumers on the High Street, outperforming recent market trends.

“This latest fixed rate ISA pays 1.65% and allows transfers of previous years’ subscriptions so savers can make the most of the opportunity to protect the interest on their hard-earned money.”

The Society’s new fixed rate ISA has a minimum investment of £100 and matures in April 2020.

The maximum investment for the 2017/2018 tax year is £20,000, less any amount invested in a Stocks and Shares ISA in the same tax year.

Ends

Notes to Editors

Tax-free means that interest payable is exempt from income tax.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Key features

1.65% Two Year Fixed Rate ISA (Issue 101)

  • 65% tax-freepa/AER* fixed rate ISA to 30th April 2018
  • Minimum investment £100
  • Maximum investment is £20,000 in 2017/18, plus previous years’ ISA subscriptions
  • Interest is calculated and paid annually on 30th April
  • Interest can be credited to the account, transferred to another building society/bank account or to another account held with the Society. The account will mature at midnight on 30th April 2020
  • Withdrawals/transfers are permitted, although they will be subject to 150 days’ loss of interest or an equivalent amount withdrawn/transferred
  • Can be opened through any of our branches or our website, and can be operated through any of our branches

Leeds Building Society was named Best Building Society Savings Provider in the Moneyfacts Awards for 2017, having also won this title in 2016.

Leeds Building Society operates throughout the UK, Gibraltar and Ireland and has assets of £18.5bn at 31st December 2017 (£15.9bn at 31st December 2016). The Society’s head office has been based in the centre of Leeds since 1886.