Compare Leeds Building Society ISAs
Compare ISAs from Leeds Building Society and other ISA options available.
Investment ISAs put your capital at risk & you may get back less than you originally invested
- Term: 1 Year
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 1 Year
- Invest From: £1
Interest paid at maturity. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
- Term: 2 Years
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 2 Years
- Invest From: £1
Interest paid annually. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
- Term: 1 Year
- Invest From: £500
Interest paid annually. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 90 days loss of interest. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
- Term: 1 Year
- Invest From: £1,000
Terms and Conditions: You must be 18 or over and a UK Resident. Currently you can only subscribe to one Cash ISA with NatWest Bank per tax year. You must hold the account solely in your name. NatWest’s FRISA rates are 4.00% AER/Tax-free p.a. (fixed) for 1 year and 3.80% AER/Tax-free p.a. (fixed) for 2 years. Rate available until 5pm on 8th January 2025 for new customers and 13th January 2025 for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account up to 31st January 2025. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other cash ISA with NatWest or Royal Bank of Scotland. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account or 90 days’ interest. The Early Closure Charge will be deducted from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
- Term: 3 Years
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 2 Years
- Invest From: £500
Interest paid annually. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 180 days loss of interest. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
- Term: 5 Years
- Invest From: £1
Interest paid annually. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
- Term: 2 Years
- Invest From: £1,000
Terms and Conditions: You must be 18 or over and a UK Resident. Currently you can only subscribe to one Cash ISA with NatWest Bank per tax year. You must hold the account solely in your name. NatWest’s FRISA rates are 4.00% AER/Tax-free p.a. (fixed) for 1 year and 3.80% AER/Tax-free p.a. (fixed) for 2 years. Rate available until 5pm on 8th January 2025 for new customers and 13th January 2025 for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account up to 31st January 2025. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other cash ISA with NatWest or Royal Bank of Scotland. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account or 90 days’ interest. The Early Closure Charge will be deducted from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
Who are Leeds Building Society?
Leeds Building Society are one of the largest buildings societies in the UK.
Founded in Leeds in 1875, they offer retail customers a range of mortgages, insurance products, savings accounts and other financial services.
They offer several ISA accounts, specifically Cash ISAs, that can be opened in a branch, over the phone, by post or online.
What is an ISA account?
ISAs are savings accounts for individuals that are completely immune from tax.
The government allows you to add £20,000 to ISA accounts in the current tax year, and your ISA allowance refreshes each year so you can keep topping up.
ISA Tax Benefits:
If you invest in a standard savings account, you might have to pay Capital Gains Tax on your investment growth and Income Tax on the interest and dividends your investments produce.
However, investing within an ISA means you never need to worry about paying tax on your savings.
What type of ISA account does Leeds Building Society offer?
Leeds Building Society offer a range of Cash ISAs that vary based on interest rates and their flexibility in terms of withdrawals.
Their Cash ISAs have two types of interest rates – fixed-rate and variable-rate.
Leeds Building Society fixed-rate Cash ISAs:
The society’s fixed-rate Cash ISAs provide investors with guaranteed interest returns over a fixed term of 1 year, 2 years, 3 years or 5 years.
Typically, the longer the length of term, the higher the interest rates you’ll get.
You can withdraw during the fixed term of your Cash ISA, but you are charged for doing so, usually in the form of your interest for a specific period being void.
Leeds Building Society variable-rate Cash ISAs:
The society also offers variable-rate Cash ISAs that provide better rates depending on how often you are allowed to withdrawal.
Variable interest rates are typically lower than fixed rates, but you have the added flexibility of making either unlimited withdrawals or a set number per year.
How do I open a Leeds Building Society ISA?
One of the benefits of a Leeds Building Society ISA is that you can open them in various ways depending on what’s easiest for you:
- In branch for a face-to-face service
- Over the telephone
- In the post with an application form
- Online
The quickest way to open a Leeds Building Society ISA account is online, and you can do this in a matter of minutes.
You just need some basic personal information like your National Insurance Number, date of birth and address.
To open your account, you’ll also need to make a contribution.
You can do this with a debit card payment as a lump sum, and depending on the type of ISA you open you will need to contribute at least £1, £100 or £1,000.
Alternatively, you can make your contribution by cheque with your postal application.
Can I withdraw from a Leeds Building Society Cash ISA?
You can withdraw your money from your Cash ISA at any point; however, depending on the type of ISA you have you may be charged for doing so.
If you have a fixed-rate Cash ISA, you could lose that year’s interest for withdrawing before your term ends, for example.
Can I transfer my ISA to a Leeds Building Society ISA?
Yes, you can transfer your previous Cash ISAs into a Leeds Building Society Cash ISA, and it won’t count towards your annual ISA allowance.
You can even transfer old Stocks and Shares ISAs you have into a new Cash ISA with Leeds Building Society.
You can transfer your ISAs by completing a Leeds Building Society ISA transfer form.
Remember, make sure to check with your current ISA provider if you are charged for transferring out.
Also, make sure you do not just withdraw your existing ISA to your bank account and then pay the money into your new ISA.
This will result in your current ISA funds losing their ISA status, which means that when you put them into a new ISA it will use up your allowance. Instead, use a transfer form as explained above.