Limited Issue Online Access Account (Issue 34)

A straightforward and flexible way to save that lets you make top-ups and withdrawals as you go. This one also allows you to manage your money conveniently online.

Interest rate:


Gross p.a./AER variable until 31 July 2023.

The term is fixed until 31 July 2023

This might be right for you if...

  • You want access to your money at any time
  • You'd prefer to manage your savings online
  • You have at least £1,000 to deposit

Some things to bear in mind...

  • Interest rates can go down as well as up
  • This account matures on 31 July 2023

Ready to apply?

Before you apply, please read the Summary Box below.

For more information, take a look at our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).

Summary Box

Account Name:  Limited Issue Online Access Account (Issue 34)

What is the interest rate?

Annual Interest

0.86% Gross p.a./AER variable until 31 July 2023.

• If the balance falls below £1,000, the rate of interest which shall apply is 0.05% Gross p.a./AER variable.

• Interest is calculated daily and paid on maturity (31 July 2023).

• Interest can be credited to the account or transferred to another building society/bank account or to another account held with the Society.

Gross means the rate of interest payable before the deduction of income tax at the rate specified by law.

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

Can Leeds Building Society change the interest rate?

The interest rate on this account is variable; this means that we have the ability to change the interest rate.

Please see conditions 14 and 15 of the General Conditions for further details of the circumstances in which we can do this and the notice we will provide.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Assuming that £1,000 is deposited into the account at the time it is opened, no deposits or withdrawals are made and interest is paid annually and added to the account, then based on an interest rate of 0.86% you will receive a £8.60 interest payment after 12 months, giving an overall account balance of £1,008.60.

This projection is provided for illustrative purposes only and will depend on the individual circumstances of each customer.

How do I open and manage my account?


• The account is available to individuals aged 18 or over who are resident in the UK.

• The account cannot be opened by corporate bodies, trustees, executors, nominees or charities.

• The account is limited to one account per customer.

How to open the account:

• The account can be opened online via our website

• If you currently have an existing Leeds Building Society account it may be possible to transfer your funds, subject to your existing product terms and conditions and the product terms and conditions of this account. Please check with us to see whether this is possible.

Operating the account:

• Minimum operating balance: £1,000. The minimum operating balance is required to open the account.

• Maximum balance: £1,000,000, £2,000,000 for joint accounts, plus accrued interest credited to the account.

• The account can only be operated online through our website.

• Cash/cheque deposits are not permitted (except for your initial deposit, which may be made by cheque).

• When money is paid into your account, provided the payment is received by us between 7am and 7pm, you will be able to withdraw the funds that day.

• Withdrawals to your Nominated Accounts made before 8pm on a working day will be made available to the payee the next working day.

Can I withdraw money?

• Unlimited withdrawals can be made to your Nominated Accounts (as defined in the General Conditions) without notice or loss of interest, subject to the minimum operating balance of £1,000 being maintained.

• If the balance falls below £1,000, the rate of interest which shall apply is 0.05% Gross p.a./AER variable.

• Cash/cheque withdrawals are not permitted.


• The account will mature at midnight on 31 July 2023.

On the day after maturity (1 August 2023), your funds (including interest) will be automatically transferred to an online instant access maturity account, unless you provide alternative instructions. Full details including terms and conditions will be provided before maturity.

Additional Information

Account closure:

You can close your account at any time without notice or loss of interest. Interest will be paid immediately up to the date of account closure.


The account may be closed for further deposits at any time. This will be done on a minimum of 30 days’ written notice, after which you will not be able to deposit further funds.

Tax treatment:

Interest is paid gross, without the deduction of income tax. Payment of gross interest does not mean that interest you receive is exempt from tax. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future. It is your responsibility to seek independent tax advice.

Keeping you and your information safe

  • We share the information you provide with fraud prevention agencies
  • They use this information to guard against fraud, money laundering and identity theft
  • If any of these are detected, it may prevent you from applying for selected accounts
  • You can find out more about your data protection rights in our Guide to use of your personal data (PDF)

Continuing with your application lets us know we're okay to use your information this way.

Apply online now

Before you apply, please read the summary box above, our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).

Other ways to apply

By post

Looking for something else?

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Protecting your money

Under the Financial Services Compensation Scheme (FSCS), the first £85,000 of your savings is protected.
Find out more