Leeds Building Society

Looking for a straightforward variable rate cash rate ISA that leaves you in control of your cash? Our Instant ISA may be the answer.

The account offers all the benefits of a simple tax-free savings account - including the flexibility to make lump sum deposits or save regularly - and you can open your cash ISA with as little as £1. The account gives you immediate access to your money, without notice or loss of interest, whenever you need it.

Key features at a glance

Minimum investment: £1.
Maximum investment: £3,600 in any tax year (plus previous years' investments).
When is interest paid? Annually on 5 April.
How is interest paid? Interest is credited to the account.
Withdrawals: With an Instant ISA you can make withdrawals whenever you
choose, without notice or loss of interest, and your interest will continue to be paid tax free.

How much interest will I earn?

Benefits of our cash ISAs

You can open your Leeds Building Society cash ISA with as little as £1 and add to it at any time, up to a maximum of £3,600 in any tax year. In subsequent years, you can invest up to the maximum subscription limit for that tax year (provided the product remains an open issue).

You can make withdrawals without notice or loss of interest and your interest will continue to be paid tax-free. Withdrawals can be made in person at any Society branch, or by writing to Investment Services, Leeds Building Society, 105 Albion Street, Leeds LS1 5AS.

Remember, if you make a withdrawal and have already subscribed the maximum amount in a particular tax year, you won’t be able to make any additional subscriptions in that tax year, as illustrated below:

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.