Instant Access Cash ISA
| Summary Box - Key Product Information for our Savings Account | ||||
|---|---|---|---|---|
| Account Name | Cash ISA | |||
| Interest rates (AERs) | Gross | Net | AER | |
| £10+ | 2.00% | N/A% | 2.00% | |
| Tax Status | Tax-free. | |||
| Conditions for bonus payments | No bonus payment is payable. | |||
| Withdrawal arrangements | Withdrawals can be made without losing the tax-free status, subject to standard branch and agency withdrawal limits. Once you have reached the maximum investment permitted during the tax year, withdrawals cannot be replaced. | |||
| Access | Via branch or post. | |||
These rates apply from 2 April 2009.
Gross % rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
Net % rate is the rate of interest payable after allowing for the deduction of income tax at the appropriate rate from the gross rate.
AER % stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Cash ISA
Product features
- Instant access to your savings
- Save from £10 up to the current subscription limit of £5,340 (please make cheques payable to yourself not Leek United)
- Open to all UK residents over the age of 16
- Variable interest
- Interest paid annually
Terms and conditions relating specifically to this account must be read in conjunction with our Statement of Practice Investors leaflet, which details generic terms and conditions relating to all of our savings accounts.
Details of the Financial Services Compensation Scheme can be found in the 'Other Information' section on the left of this page.
Transferring your existing ISA to Leek United
Leek United accepts the transfer of Cash ISAs from other providers. You should always check with your current provider whether any charges apply for transferring. The Leek United Cash ISA is an instant access account allowing customers to benefit from penalty free withdrawals.
To transfer an existing Cash ISA to Leek United, simply complete our Cash ISA transfer request form and a Cash ISA application form and send them (along with three forms of identification for new Society members) to:
Savings Department
Leek United Building Society
50 St Edward Street
Leek
Staffordshire
ST13 5DL
Download a Cash ISA transfer request form
Download a Cash ISA application form
Please make cheques payable to yourself not Leek United
For information only
As well as a Leek United Cash ISA, there are other ways to make the most of your ISA allowance.
From 6 April each year, each person's maximum annual ISA allowance changes but from 6th April 2011 it has been set at £10,680.
All or some of this can be invested in a stocks and shares ISA, but only up to £5,340 can be saved in a Cash ISA.
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