Choose from our range of fixed and variable rate cash ISAs, with easy or limited access accounts available.
Key features
Save up to £20,000 this tax year
Enjoy tax-free interest on your savings
You might also be able to transfer money from previous tax-year ISAs
ISA information
Our Cash ISAs
|
Product Name |
Interest Rate |
Min. to Open |
Withdrawals | Account Opening |
apply |
|---|---|---|---|---|---|
|
Cash ISA Online Access Cash ISA (Issue 5) |
Interest rate 4.10% Tax-Free p.a./AER Variable Tax-Free , p.a./AER VariablePaid Annually |
Min to open £1,000 £NaN |
Withdrawals Yes, unlimited |
Account opening Online
|
|
|
Cash ISA 1 Year Double Access Cash ISA (Issue 2) |
Interest rate 4.15% Tax-Free p.a./AER Variable Tax-Free , p.a./AER VariablePaid Annually |
Min to open £1,000 £NaN |
Withdrawals Yes, up to 2 per calendar year |
Account opening Branch
Post
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Cash ISA 1 Year Fixed Rate Cash ISA (Issue 218) |
Interest rate 4.05% Tax-Free p.a./AER Fixed Tax-Free , p.a./AER FixedPaid Annually |
Min to open £100 £NaN |
Withdrawals Yes, but with 90 days' loss of interest |
Account opening Branch
Online
Post
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|
Cash ISA 2 Year Fixed Rate Cash ISA (Issue 208) |
Interest rate 3.90% Tax-Free p.a./AER Fixed Tax-Free , p.a./AER FixedPaid Annually |
Min to open £100 £NaN |
Withdrawals Yes, but with 180 days' loss of interest |
Account opening Branch
Online
Post
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Cash ISA 3 Year Fixed Rate Cash ISA (Issue 165) |
Interest rate 3.90% Tax-Free p.a./AER Fixed Tax-Free , p.a./AER FixedPaid Annually |
Min to open £100 £NaN |
Withdrawals Yes, but with 240 days' loss of interest |
Account opening Branch
Online
Post
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Cash ISA 5 Year Fixed Rate Cash ISA (Issue 158) |
Interest rate 3.90% Tax-Free p.a./AER Fixed Tax-Free , p.a./AER FixedPaid Annually |
Min to open £100 £NaN |
Withdrawals Yes, but with 365 days' loss of interest |
Account opening Branch
Online
Post
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Cash ISA Six Access ISA (Issue 5) |
Interest rate 3.50% Tax-Free p.a./AER Variable Tax-Free , p.a./AER VariablePaid Annually |
Min to open £1,000 £NaN |
Withdrawals Yes, up to 6 per calendar year |
Account opening Branch
Post
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Cash ISA ISA Saver (Issue 7) |
Interest rate 1.85% Tax-Free p.a./AER Variable Tax-Free , p.a./AER VariablePaid Annually |
Min to open £1 £NaN |
Withdrawals Yes, unlimited |
Account opening Branch
Post
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Cash ISA E-ISA (Issue 10) |
Interest rate 1.85% Tax-Free p.a./AER Variable Tax-Free , p.a./AER VariablePaid Annually |
Min to open £1 £NaN |
Withdrawals Yes, unlimited |
Account opening Online
|
Looking for a different type of account?
Cash ISAs - Common questions
A cash ISA is a savings account that you don't pay any tax on. If you're 18 or over, you're given an individual savings account (ISA) allowance at the start of each tax year. Currently, that's £20,000. So, with a cash ISA, you can save up to that amount each tax year and you'll pay no tax on the interest you earn.
Like other savings accounts, there are two main types of cash ISAs. You can get ones offering easy access to your money or fixed rate options that offer a guaranteed interest rate for the year. It's important to choose the right type of cash ISA for you.
So, how exactly does a cash ISA work?
Cash ISAs are a simple form of savings account, with two main types available:
- Fixed rate cash ISAs: The interest rate is guaranteed for the duration of the ISA (from 1 to 5 years). You’ll lose out on interest if you need to make a withdrawal.
- Variable rate cash ISAs: The interest rate can go up or down. But, you'll have easier access to your money, with many variable cash ISAs offering unlimited withdrawals with no interest penalty attached.
It's a good idea to do a cash ISA comparison to find out which option might work better for you.
As well as the different cash ISA interest rates available, there are a few other key things to know about opening an account:
- You'll earn tax-free interest on your savings and you can add up to £20,000 a year.
- Cash ISAs stay tax-free every single year.
- Your cash ISA allowance resets every year on 6 April.
- You may only subscribe to one cash ISA in a single tax year with Leeds Building Society. In any such year, and if you are aged 18 or over, other providers may also allow you to invest in a cash ISA, Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA, subject to the overall ISA limits.
- A maximum of £85,000 of your savings per building society, bank or credit union is protected under the Financial Services Compensation Scheme (FSCS). This protection extends to cash ISAs.
Your cash ISA allowance for each tax year is £20,000, so that's the maximum you can invest tax-free in a cash ISA during that time.
Your allowance will start again at the beginning of the new tax year, allowing you to invest up to £20,000 tax-free the following year. Any leftover allowance won't be carried over to the next tax year.
It's possible to have multiple cash ISAs but there are a few rules:
- You may only subscribe to one cash ISA in a single tax year with Leeds Building Society. In any such year, and if you are aged 18 or over, other providers may also allow you to invest in a cash ISA, Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA, subject to the overall ISA limits.
- You can only benefit from tax-free savings up to £20,000 per tax year.
If you exceed your overall ISA limits in the same tax year by mistake, you'll need to contact HMRC.
Essentially, yes, cash ISAs are tax-free, meaning that you can save up to your allowance (£20,000 per tax year) without paying tax. This is providing that you follow the rules of your individual cash ISA account.
Yes, you can transfer your cash ISA to a different provider whenever you want, but if you've paid into your cash ISA account in the current tax year, you must transfer all of your savings.
For savings from previous tax years, you can decide whether to transfer all or part of the balance.
