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  Savings Rates
Home > Savings > Tax-Free Accounts Savings Rates

Tax-Free Accounts
Interest Rates & Key Product Features

Current variable rates effective as at 12 July 2008
Limited issue rates effective from date shown by product name.
Interest rates are subject to variation.

Save tax-free with a range of Individual Savings Accounts (ISAs).

Click the product name to see full details.


Investment
Tax-free§ Rate p.a/AER† %
Withdrawal Terms
Payment of Interest
  
£1+
See product details
See product details
See product details
Notes: Minimum balance £1. Maximum balance £3,600 (plus previous years' investments).


Instant ISA
(Includes account formerly known as TESSA Only ISA)
Investment
Tax-free§ p.a/AER† %
Withdrawal Terms
Payment of Interest
  
£1+
Current
Previous
4.55
4.80
Immediate withdrawal. No notice. Account ceases to be an ISA if ISA regulations are not satisfied.
Annual:
Interest is paid annually on 5 April each year.
Notes: Minimum investment £1. Maximum investment up to £3,600 in any tax year (plus previous years' investments). For eligibility and restrictions click product name link.


Loyalty ISA - Existing members only
(Includes account formerly known as Loyalty TESSA Only ISA)
Investment
Tax-free§ p.a/AER† %
Withdrawal Terms
Payment of Interest
  
£1+
Current
Previous
4.75
5.00
Immediate withdrawal. No notice. Account ceases to be an ISA if ISA regulations are not satisfied.
Annual:
Interest is paid annually on 5 April each year.
Notes: Minimum investment £1. Maximum investment up to £3,600 in any tax year (plus previous years' investments). For eligibility and restrictions click product name link.


Investment
Tax-free§ p.a/AER† %
Withdrawal Terms
Payment of Interest
  
£1,000+

Guaranteed to track Bank of England Base Rate until 31/07/2008 (currently 5.00%)

From 01/08/08 the interest rate will be equivalent to the % change in RPI between 30/04/08 and 30/04/09 plus a bonus of 2.50% tax-free§/AER†

From 01/08/09 until maturity (31/07/2010) the interest rate will be equivalent to the % change in RPI between 30/04/09 and 30/04/10 plus a bonus of 2.50% tax-free§/AER†

To obtain the rates of interest set out in here, your investment must be left in the account until maturity on 31 July 2010. If you decide to transfer your investment or part of it to another ISA Manager, or make a withdrawal, the return will be calculated differently on the amount transferred or withdrawn. For account transfers or withdrawals on or before 31 July 2008, you will receive Bank of England Base Rate on the amount transferred or withdrawn. For account transfers or withdrawals between the Strike Date (1 August 2008) and 31 July 2009, you will receive interest that is credited on 31 July 2008 and 2.50% tax-free/AER† on the amount transferred or withdrawn. For transfers or withdrawals from 1 August 2009 to the Maturity Date (31 July 2010), you will receive the interest that is credited on 31 July 2008 and 31 July 2009, plus 2.50% tax-free/AER† on the amount transferred or withdrawn.
Annual:
Interest is paid annually on 31 July (commencing 31 July 2008) and on maturity (31 July 2010).
Notes: Minimum investment £1,000. Maximum Investment £3,600 (plus previous years' investments).


Investment
Tax-free§ p.a/AER† %
Withdrawal Terms
Payment of Interest
  
£1+
Current
Previous
5.75*
-
You can withdraw up to 25% of your initial capital investment before maturity without notice or loss of interest. If you exceed this limit, the account will be subject to 90 days loss of interest or an equivalent amount on the amount withdrawn.
Annual:
Interest paid on 5 April (commencing 5 April 2009) and on maturity (1 August 2009).
Notes: Minimum balance £1. Maximum balance £3,600 (plus previous years' investments). *Guaranteed to track Bank of England Base Rate with a guaranteed bonus of 0.75% until 1 August 2009. Any changes to Bank of England Base Rate will be effective from 1st of following month.

Important notes

§ Tax-free means that interest payable is exempt from income tax.

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

Please note: the tax treatment of ISAs may change. This is a cash ISA. You may only subscribe to (invest in) one cash ISA in each tax year (although in any such year you may also subscribe to a stocks and shares ISA, subject to the overall ISA subscription limits). By opening a cash ISA you will be limiting the amount you can subscribe to a stocks and shares ISA. For further information about ISAs (including subscription limits) please refer to the Society’s leaflet ‘Easy Step Guide to Tax-Free Savings’.

Leeds Building Society is a member of the Building Societies' Association. The Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum of £35,000 of an investor's total shares and/or deposits in a society. Most investors are covered, including individuals and small firms. A small number of categories of shares and deposits are not covered, for example deferred shares - permanent interest bearing shares. Although most shares and deposits are denominated in sterling, all other currencies are covered. Further details are available on request from the Society.

The Society is covered by the Financial Ombudsman Service. The Society subscribes to the Banking Code, which establishes minimum standards of good banking practice. Details of the Code are available at www.bankingcode.co.uk or in the leaflet 'The Banking code' published by the BBA/BSA.

The Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only.

Leeds Building Society is authorised and regulated by the Financial Services Authority and our registration number is 164992.

Other taxes or costs may exist that are not paid by Leeds Building Society.