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2 Year Fixed Rate ISA (Issue 88)

Rates correct as at 7 MAR 2017

If you’re looking for the security of a fixed tax-free interest rate, our 2 Year Fixed Rate ISA (Issue 88) could be for you.

Interest Rate:


1.15% Tax-free§ p.a./AER (fixed)

Account Name2 Year Fixed Rate ISA (Issue 88)
What is the interest rate?Annual Interest 1.15% Tax free§ p.a./AER (fixed until 30 April 2019).

If the balance falls below £100, the basic investment rate of interest which is currently 0.05% Tax free§ p.a./AER(variable) shall apply.

Interest is calculated daily and paid annually on 30 April (commencing 30 April 2018) and on maturity (30 April 2019).

Interest can be credited to the account or transferred to another building society/bank account or to another account held with the Society.
Can Leeds Building Society change the interest rate?No – the rate of interest won’t change during the fixed rate period subject to the minimum balance of £100 being maintained. Please see condition 3.1 of the Product Terms and Conditions for further information.
What would the estimated balance be after 24 months based on a £1000 deposit?Assuming that £1,000 is deposited into the account at the time it is opened, and no further withdrawals are made, then based on an interest rate of 1.15% you will receive a £23.13 interest payment at the end of the fixed term (30 April 2019), giving an overall account balance of £1,023.13.

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?This account is available to individuals aged 16 and over who are resident in the United Kingdom, or if not so resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person.

Open through any of our branches, via our website or by post.

Minimum investment and operating balance: £100.

The maximum you can invest in the 2016/17 tax year is £15,240 (less any amount invested in a Stocks and Shares ISA and/or an Innovative Finance ISA in the same tax year). From 06 April 2017, the maximum you can invest in the 2017/18 tax year is £20,000 (less any amount invested in a Stocks and Shares ISA and/or an Innovative Finance ISA in the same tax year).

This account can only be operated in branch or by post.
Can I withdraw money?Withdrawals/transfers are permitted, although they will be subject to 150 days’ loss of interest or an equivalent amount withdrawn/transferred.

This is not a flexible ISA meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.

You can withdraw up to a maximum of £300 in cash in branch each day. If you require more than this amount (up to a maximum of £1,000) you will need to provide the Society with 48 hours’ notice.

The account will mature at midnight on 30 Apr 2019. On the day after maturity (01 May 2019), your funds (including interest) will be transferred to an instant access ISA maturity account. Full details including terms and conditions will be provided before maturity.
Additional InformationThis is a Cash ISA. Interest payable is exempt from income tax. The tax treatment depends on the individual circumstances of each customer and may be subject to change in the future.

The amounts you can invest are set by HM Revenue & Customs (HMRC) and therefore may change.

This account is limited issue. Once the account is open, for the 2016/17 tax year you can transfer in previous ISA investments (including 2016/17 ISA funds deposited with another institution), provided these are not from an Innovative Finance ISA or deposit new 2016/17 funds up to and including 05 April 2017. From 06 April 2017, deposits can be made in respect of the 2017/18 tax year up to and including 12 May 2017. After this date the account may be closed for further deposits at any time and without notice.
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The above only provides a summary of the account. Please note that only some of our accounts can be operated online, even though they can be opened online. Please check the Product Terms and Conditions for full details.


View Key Features/Product Terms & Conditions (PDF)

Like the sound of our 2 Year Fixed Rate ISA?Apply in BranchApply by PostApply