Leeds Building Society presents ‘prime choose’ rate of interest on mounted money ISA

Leeds Building Society is presently providing savers a market-leading rate of interest of 5.55 % on their two-year mounted price ISA.

This account could also be proper for individuals who would really like a set price of curiosity, wish to switch funds from different ISAs and have a lump sum to deposit.

Following 13 consecutive base price rises, Britons are urged to get the very best curiosity they’ll on financial savings accounts.

With so many choices, Britons are urged to search out “top picks” which might help their cash work more durable for them.

To open an account with the constructing society, savers want at the very least £100. This account is just accessible to people aged 16 and over who’re residents of the United Kingdom for tax functions.

Assuming that £1,000 is deposited into the account on the time it’s opened, no deposits or withdrawals are made and curiosity of 5.55 % is paid yearly, savers will obtain an curiosity cost of £114.08 on the finish of the mounted time period on August 31, 2025.

The total account steadiness can be £1,114.08.
Leeds Building Society has been rated “top pick” for fixed-rate ISAs on Moneysavingexpert.com.

The constructing society additionally takes the highest spot for his or her one-year mounted ISA which presents savers 5.50 % on a minimal of £100.

On the web site they defined there’s presently a really small distinction in curiosity between one- and five-year mounted ISAs – so there’s little incentive to lock in for longer except folks need absolute certainty of returns over an extended interval.

Britons can switch in some or all of their earlier tax years’ financial savings with out affecting their annual allowance for the present tax 12 months, topic to the phrases and situations of their present account.

The account will be operated in a department or by put up. Savers will even be capable of perform some operations by phone and on-line, the place they’ve registered for on-line service.

Withdrawals and transfers are permitted, though they are going to be topic to 150 days’ lack of curiosity on an quantity equal to that withdrawn/transferred.

This means folks may get again lower than they initially deposited.

For extra data, Britons can go to the Leeds Building Society web site.