Online Access Cash ISA (Issue 16)
An Individual Savings Account gives you tax-free interest on your savings. This one also allows you to manage your money conveniently online.
Interest rate:
4.05%
tax free p.a./AER variable.
The term is fixed until 3 May 2028
This might be right for you if...
- You want access to your money at any time
- You want to transfer funds from other ISAs
- 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
- Up to £20,000 can be paid in for this tax year, plus transfers from previous years' ISAs
- This account matures on 3 May 2028
Summary Box
Account Name: Online Access Cash ISA (Issue 16)
What is the interest rate?
4.05% tax free p.a./AER variable.Interest is calculated daily.
Interest is paid annually on 3 May (commencing 3 May 2027) and on maturity (3 May 2028).
Interest can be added to the account or paid to another account, with us or another provider.
For balances below £1,000, the interest rate reduces to 0.05% tax free p.a./AER variable.
Tax free means that interest payable is exempt from income tax.
AER stands for Annual Equivalent Rate. This is what the interest rate would be if interest was paid and added each year. It helps you to compare accounts.
Can Leeds Building Society change the interest rate?
Yes. The interest rate is variable, meaning we can increase or decrease the rate.Our General Conditions contain details about how we can change the interest rate and how we will tell you about those changes.
What would the estimated balance be after 24 months based on a £1,000 deposit?
£1,082.64.This assumes that:
• you deposit £1,000 in your account on 3 May 2026
• you don’t make any further deposits or withdrawals;
• the interest rate doesn’t change; and
• after 24 months you receive an interest payment of £82.64, which is added to the account.
This projection is provided only as an illustration and will depend on your individual circumstances.
How do I open and manage my account?
Eligibility:To open this account you must be aged 18 or over.
You must be a UK resident for tax purposes, or a Crown employee serving overseas or their spouse or civil partner.
ISA investments will be and must remain in your beneficial ownership and must not be used as security for a loan.
A cash ISA cannot be opened on behalf of someone else unless they are unable to complete the application due to physical or mental incapacity and documentation as required is provided.
Are joint accounts permitted?
No
How do I open an account?
By visiting our website at www.leedsbuildingsociety.co.uk
To open an account online or use our online services you must maintain a valid email address and notify us promptly if this changes. We will use this to communicate with you.
Can I have more than one of this account?
No. You can only subscribe to (save in) one Cash ISA in the same tax year with us. Other providers may allow you to subscribe to multiple ISAs in the same tax year.
How do I operate this account?
Online only, via our website at www.leedsbuildingsociety.co.uk
Can I make cash and cheque deposits? Your initial deposit may be made by cheque. No other cash or cheque deposits are allowed.
How much do I need to open the account?
£1,000.
Is there a minimum balance?
Minimum balance: £1,000.
How much can I deposit in a tax year?
You can save up to the maximum ISA allowance for the current tax year. The ISA allowance for this tax year is £20,000
You must not exceed ISA limits in any tax year. A tax year runs from 6 April one year to 5 April the following year.
Can I transfer an existing ISA to this account?
Yes, so long as this is not from an Innovative Finance ISA. You will also need to check that your existing terms and conditions allow a transfer.
You may be able to transfer in some or all of your previous tax years savings without affecting your annual allowance for the current tax year, if the terms and conditions of your existing account allow.
Details on ISA transfers can be found in the ‘Further information for ISAs’ section of your Product Terms and Conditions.
Can I transfer my existing Leeds Building Society account to this one?
This will depend on the terms and conditions of your existing account, please check with us.
Is there an account maximum balance?
Maximum balance: £1,000,000.
Can I add more money after my initial deposit?
Yes. We will give you at least 30 days written notice if we close this account to further deposits. Deposits in future tax years may be made up to the applicable ISA limit provided that the account has not been closed to further deposits.
Can I withdraw money?
Withdrawals:Withdrawals/transfers can be made. Withdrawals must be made to your Nominated Account.
The minimum balance must be maintained. If the balance falls below this the interest rate reduces to 0.05% tax free p.a./AER variable.
This is not a flexible ISA meaning any amounts withdrawn cannot be replaced.
Withdrawals lose their tax free status. If you wish to transfer funds to another ISA please use the ISA transfer process with your new provider.
What happens on 3 May 2028? The fixed term will end at midnight on 3 May 2028. This is known as maturity.
On 4 May 2028, your funds including any interest, will be transferred to an instant access Cash ISA maturity account. Details of your options and terms and conditions for the new account will be provided before maturity.
Additional Information
What does tax free mean?Interest is paid without the deduction of income tax. ISA rules and limits are set by HMRC and may change.
How your interest is taxed depends on your own circumstances, which may change. If you’re unsure, you should get independent advice.
Can I cancel my account?
You have 14 days from the date you open your account to tell us in writing that you want to cancel your account. You must contact us on 0113 225 7777 or write to Customer Support, PO Box 228, LS1 9LN.
What if I, as the account holder die?
If you die, your ISA becomes a ‘continuing account of a deceased investor; until the earliest of:
1. Completion of estate administration.
2. Closure of the ISA.
3. Three years after your date of death.
No further deposits are allowed, but the tax-free status will continue.
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
When applying for a Cash ISA you are applying to subscribe to the 2025/2026 tax year and each subsequent year until further notice.
Before you apply, please read the summary box above, our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).
Protect your money
Your eligible deposits with Leeds Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
