4 Year Fixed Rate ISA (Issue 10)Rates correct as at 8 SEP 2017
If you’re looking for the security of a fixed tax-free interest rate, our 4 Year Fixed Rate ISA (Issue 10) could be for you.
1.50% Tax-free§ p.a./AER† (fixed)
|Account Name||4 Year Fixed Rate ISA (Issue 10)|
|What is the interest rate?||Annual Interest 1.50% Tax free§ p.a./AER† (fixed until 31 October 2021)
If the balance falls below £100, the interest rate that shall apply is 0.05% Tax free§ p.a./AER†(variable).
Interest is calculated daily and paid annually on 31 October (commencing 31 October 2018) and on maturity (31 October 2021).
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.|
|What would the estimated balance be after 48 months based on a £1000 deposit?||Assuming that £1,000 is deposited into the account at the time it is opened and no further deposits or withdrawals are made then based on an interest rate of 1.50% you will receive a £61.37 interest payment at the end of the fixed term (31 October 2021), giving an overall account balance of £1,061.37.
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.
You can open this account through any of our branches, via our website or by post.
Minimum operating balance: £100.
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 and/or Lifetime 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are permitted, although they will be subject to 300 days’ loss of interest or an equivalent amount withdrawn/transferred.
This is not a flexible ISA meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.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 31 October 2021. On the day after maturity (01 November 2021), 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 Information||This 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 opened, you can deposit new 2017/18 funds or transfer in previous ISA investments (including 2017/18 ISA funds deposited with another provider) as long as these are not from an Innovative Finance ISA up to and including 31 October 2017. After this date the account may be closed for further deposits at any time and without notice.
Please note that even though our accounts can be opened online, not all of our products can be operated online. The details above only provide a summary of the account. Please check the Product Terms and Conditions (PDF) for full details.