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Easy Access Cash ISA

Terms and Conditions relating specifically to Easy Access Cash ISA (Issue 6)

These terms and conditions below 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.

You must be over the age of 16 and resident in the UK to open an ISA account.

You cannot open an ISA as a joint account.

You cannot open more ISA's than that described in the current legislation and you cannot hold an ISA on behalf of any other person.

Your initial investment must be a minimum of £10.  Please make cheques payable to yourself and not Leek United Building Society.

The maximum amount you can invest in an ISA can change on an annual basis as prescribed by HM Revenue and Customs.  Details of the Cash ISA tax allowance applicable at the current time can be found at

Once you have reached the maximum investment during any one tax year no further deposits will be permitted.

The interest rate is variable and is calculated on a daily basis and paid on 1 January each year.

Interest may be added to the account, transferred to another Leek United Building Society account or paid direct to your bank account.

The ISA investment will be, and must remain, the beneficial ownership of the investor and must not be used as security for a loan.

If the investment fails to satisfy the provisions of the ISA Regulations, the ISA will become void and we will notify you.

Once you have opened your Leek United Cash ISA, you will have 14 days to notify us that you wish to change your mind.  A letter will be sent to you, which will include the passbook for your account and the account terms and conditions.  The 14 day cancellation period will begin two working days after the date of the letter  No charge will be made for cancellation.  The Society will assist in changing the account or refund the capital plus accrued interest.

Notice of cancellation can be made in person or by written notification.

The ISA manager will satisfy himself that any person to whom he delegates any of his functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities.

On the instructions of the investor and within the time stipulated by the investor, an ISA with all rights and obligations shall be transferred to another ISA manager.

If you wish to transfer your ISA to another provider then part transfers are allowed.  You should always check with your current provider whether any charges apply for transferring your ISA to another provider.  Leek United ISA's are easy access accounts allowing customers to benefit from penalty free withdrawals (excluding Fixed Rate Cash ISA's).

This Cash ISA product does not meet minimum stakeholder requirements, as the Society may not increase the interest rate within one month of the Bank of England base rate changing.

Tax assumptions are those currently applicable and are subject to statutory change.

For details relating to the Financial Services Compensation Scheme please click here.

If you wish to make a regular payment into your Leek United savings account, once it has been opened, why not do this by setting up a standing order - it's quick and easy to do. 

To open an Easy Access Cash ISA savings account, please complete and return a savings application form to:

Savings Department
Leek United Building Society
50 St Edward Street

ST13 5DL

together with proof of identity – for details of what is required, please see our ‘Proving Your Identity’ web page.

Back to savings

Choose the right ISA option for you

1 Year Fixed Rate, Fixed Term Cash ISA

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2 Year Fixed Rate, Fixed Term Cash ISA

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Junior Cash ISA

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Unsure about anything? Just contact us below or call 01538 384151