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Fixed Rate, Fixed Term Cash ISA

1 Year Fixed Rate, Fixed Term Cash ISA

From the start of the tax year, which starts on 6 April, you are able to utilise your tax allowance for that year. Further details of the Cash ISA tax allowance applicable at the current time can be found at

The 1 Year Fixed Rate, Fixed Term Cash ISA we currently have on offer is shown below:

Summary Box - Key Product Information
Account Name 1 Year Fixed Rate, Fixed Term Cash ISA
What is the interest rate?

Annual interest


0.45% Gross* / AER**

Interest is calculated daily and paid annually on maturity.

Can Leek United Building Society change the interest rates?

The interest rate on this account is fixed until the ISA maturity date.

Leek United Building Society will not change the interest rate on this account.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on a deposit of £1,000 the estimated balance after 12 months is £1,004.50. This projection assumes that the amount of £1,000 is deposited in the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period and is based on interest paid annually.

This projection is provided for illustration purposes only.

How do I open and manage my account?

The account can be opened in person at one of our branches or agencies or by post.

The account must be opened with a minimum deposit of at least £1,000.

Available to UK residents only.

Can I withdraw money?

Withdrawal of funds will only be permitted in exceptional circumstances and at the discretion of the Society. Full transfer out and early closure are allowed on this account subject to 120 days loss of interest.

Transfers or closure will not be allowed without the passbook.

Additional information

The account is a fixed term Cash ISA for a period of one year from the date the account is opened. Transfers in or funds from other ISA providers are permitted.

Additional deposits are not allowed during the term of the account.

You will be contacted shortly before maturity of the 1 Year Fixed Rate, Fixed Term Cash ISA to ascertain your requirements. The capital and interest must be withdrawn and you will be asked to choose whether you wish to:

  • Transfer the balance to an existing Leek United account.
  • Open a new Leek United account.
  • Transfer to another bank/building society account. (Please note that transfers will reach your account the following working day).

If no instructions are received, the interest rate will revert to that of the Society’s Easy Access Cash ISA, applicable at that time.

  The above rates are applicable from 1 October 2020.

* Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

** AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

To view the full terms and conditions relating to our 1 Year Fixed Rate, Fixed Term Cash ISA, please click here.

In some circumstances customers will be required to pay tax on interest earned. Please contact HM Revenue & Customs for further information or view their website.

The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

How to apply

What next?

View our interest rates

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Proving your Identity

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