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3 Year Fixed Rate Cash ISA (Issue 78)

Rates correct as at 16 JUL 2019

If you’re looking for the security of a fixed tax-free interest rate, our 3 Year Fixed Rate Cash ISA (Issue 78) could be for you.

Interest rate:

1.75% Tax-free§ p.a./AER (fixed)

Fixed until 31 August 2022

Account Name3 Year Fixed Rate Cash ISA (Issue 78)
What is the interest rate?Annual Interest 1.75% Tax free§ p.a./AER fixed until 31 August 2022.

If the balance falls below £100, 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 August (commencing 31 August 2020) and on maturity (31 August 2022).

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 36 months based on a £1000 deposit?Assuming that £1,000 is deposited into the account at the time it is opened and no deposits or withdrawals are made then based on an interest rate of 1.75% you will receive an interest payment of £53.43 at the end of the fixed term (31 August 2022), giving an overall account balance of £1,053.43.

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?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, via our website ( or by post. You will also be able to carry out some operations by telephone and online, where you have registered for online services.

Minimum operating balance: £100.

Deposit up to £20,000 in the 2019/2020 tax year (less any amount you have already subscribed in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year).

You can transfer in some or all of your previous tax years savings without affecting your annual allowance for the current tax year, subject to the terms and conditions of your existing account.

Once opened, deposits or transfers in of previous ISA funds can be made up to and including 31 August 2019. After this date the account may be closed for further deposits at any time and without notice.

Where you have not invested your full ISA allowance for the 2019/2020 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?Withdrawals/transfers are permitted, although they will be subject to 240 days’ loss of interest on an amount equivalent to that withdrawn/transferred. This means you might get back less than you originally deposited.

This is not a flexible ISA meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.

All withdrawals will result in a loss of tax free status on the amount withdrawn.

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; or
• Electronic Payment (as defined in the General Conditions).

The account will mature at midnight on 31 August 2022. On the day after maturity (01 September 2022), your funds (including interest) will be automatically transferred to an instant access Cash ISA maturity account, unless you provide alternative instructions. 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.

Information correct as at 16 July 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.Apply in Branch >Apply by Post >Apply Online

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.