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1 Year Fixed Rate, Fixed Term Cash ISA

1 Year Fixed Rate, Fixed Term Cash ISA

Benefit from a 0.90% Gross¹/AER² interest rate fixed for 1 year.


A Fixed Rate, Fixed Term Cash ISA offers a higher rate of interest as your money is ‘locked-in’ for a specific amount of time.

Summary Box - Key Product Information

What is the interest rate?

Annual interest
0.90% Gross¹/AER²
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 £1,009.00. 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?

To be eligible for this account, you must be either:

  • an existing customer; or
  • a new customer resident in the following postcode areas:
    • CW – Cheshire
    • SK – Cheshire
    • DE – Derbyshire
    • TF – Shropshire
    • ST – Staffordshire
    • WS15 – Staffordshire

The account can be opened in person at one of our branches 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 The capital and interest must be withdrawn and you will be asked to choose whether you wish to: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 16 June 2022.

¹ Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

² AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

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.

Transferring your ISA

Transferring your existing Cash ISA or Stocks & Shares ISA to a Leek United Cash ISA is easy.

Remember, don’t withdraw from an ISA in order to transfer to another provider as you will lose the tax-free benefits. Instead, Leek United offer a transfer service to do this for you. It is always a good idea to check with your current provider whether any charges apply for transferring your ISA to another provider.

Click on the links below to find out how you can book an appointment with your local branch or apply by post today.

Apply now

You can apply for this account either by post or by visiting your local branch.

To open this account by post, please follow these simple steps:

  1. For your own benefit and protection, please read all the account terms and conditions carefully, then download and print the application form below:

    Cash ISA application form


    If you're transferring your Cash ISA or Stock & Shares ISA to us, you'll also need to complete and post the relevant transfer form:

    Cash ISA Transfer Form

    Stocks & Shares ISA Transfer Form

  2. Please read the important information below before you open your account:

    FSCS Sheet

    Statement of Practice Investors

    Savings Fees and Charges

  3. Complete your savings application form and post it, along with your cheque deposit (made payable to the account holder) to:

    Savings Department, 50 St. Edward Street, Leek Staffordshire, ST13 5DL

To apply for this account in branch, get in touch and book an appointment with us.

We may ask you to provide ID to confirm your name and address. To assist you, we try to verify this electronically. If we are unable to, we would require your paper documentation instead. For a full list of what documents are acceptable, please read our Proving your identity leaflet by clicking here.

You will also need to bring a cheque or cash for at least the minimum investment to open the account.

As you've chosen to open an ISA account, we will also require your National Insurance Number.