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Double Access Cash ISA

Rates correct as at 8 MAR 2019

Our Double Access Cash ISA gives you two penalty free withdrawals per annum. So you have the reassurance that you can access your money during the year, without affecting your interest.

Interest rate:

1.30% Tax-free§ p.a./AER(variable)

Account NameDouble Access Cash ISA
What is the interest rate?Annual Interest 1.30% Tax free§p.a./AER (variable)

If the balance falls below £5,000, the rate of interest which shall apply is 0.05% Tax free§p.a./AER (variable).

Interest is calculated daily and paid annually on 31 March (commencing 31 March 2020).

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?Yes, the interest rate is variable. This means that we have the ability to change the interest rate. Please see conditions 14 and 15 of the General Conditions for further details.
What would the estimated balance be after 12 months based on a £5,000 deposit?Assuming that £5,000 is deposited into the account on 31 March and no further deposits or withdrawals are made, then based on an interest rate of 1.30% you will receive a £65.00 interest payment after 12 months, giving an overall account balance of £5,065.

These projections are provided for illustrative purposes only and will depend on the individual circumstances of each customer.

How do I open and manage my account?Eligibility

The account is available to individuals aged 16 or over. You must be a UK resident for tax purposes or be performing duties as a Crown employee, or be married to, or in a civil partnership with such a person.

The account can only be held in your name.

You may only subscribe to one Cash ISA in a single tax year (although in any such year you may also invest in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA, subject to the overall ISA limits).

By opening a Cash ISA you will be limiting the amount you can invest in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA.

Account opening and operation

The account can be opened through any of our branches. You will also be able to carry out some operations by telephone and online, where you have registered for online services.

Minimum operating balance: £5,000.

Deposit up to £20,000 in the 2018/2019 tax year (less any amount you have already subscribed to a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year).

You can transfer in previous ISA investments (including 2018/2019 ISA funds deposited with another institution as long as these are not from an Innovative Finance ISA) or deposit new 2018/2019 funds until the account is closed for further investment, which may be at any time upon a minimum of 30 days’ notice.

This account may be closed to further deposits upon a minimum of 30 days' written notice after which you will not be able to deposit further funds.

Where you have not invested your full ISA allowance for the 2018/2019 tax year and the account has closed for further deposits, you will only be able to utilise this by investing in another type of ISA or by transferring your Cash ISA to another Leeds Building Society Cash ISA or to another ISA manager, in which case you may incur a loss of interest.
Can I withdraw money?Access is limited to 2 withdrawals per calendar year without notice or loss of interest, subject to the minimum balance of £5,000 being maintained. If you exceed this number of withdrawals (including closure of the account), the account will be subject to 30 days' loss of interest on an amount equivalent to that 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 make withdrawals from your account by:
 • cash (up to a maximum of £300 in cash in branch each day). You will need to provide 48 hours’ notice, if you require more than this amount (up to a maximum of £1,000);
 • cheque;
 • Electronic Payment (as defined in the General Conditions).
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.

Information correct as at 08 March 2019.
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The Summary Box sets out only the key information, for full details please read our

Your savings are also protected by the FSCS. For details please read our FSCS Information Sheet (PDF)

Before you apply, please make sure you read the Summary Box, Product Terms and Conditions and General Conditions in full.

Alternate ways to apply

Visit your local branch and our friendly staff will help you to open your account.

Download your savings application pack to apply by post.