What is the best Leeds Fixed Rate ISA?

What is Leeds Building Society’s best Fixed Rate ISA?

Leeds Building Society’s current best Fixed Rate ISA is its 1 Year Fixed Rate Cash ISA, offering an interest rate of 4.05% AER (fixed). Although this is a good interest rate, you can find Fixed Rate ISAs offering ever higher interest rates elsewhere on the market. Remember, high street banks don’t always offer the most competitive savings rates, so it’s a good idea to compare a few options before opening an ISA. 

What are the current Leeds Building Society Fixed Rate ISAs?

Leeds Building Society currently offers a choice of four Fixed Rate ISAs, ranging from one to five years, with interest rates ranging from 3.90% to 4.05% AER (fixed). Its shorter fixes offer the most competitive rates, but you may find even better one and two-year fixes with another provider. The day after your Leeds Fixed Rate ISA matures, your funds will automatically be transferred to an instant access Cash ISA maturity account, unless you provide alternative instructions.

• 1 Year Fixed Rate Cash ISA: 4.05% AER/tax-free (fixed). Open an ISA with at least £100 and lock away your money for a fixed period of 1 year. If you withdraw your funds before the end of this period, you’ll pay a charge equivalent to 90 days’ loss of interest. If the balance falls below £100, the rate of interest will be 0.05% tax-free p.a./AER variable.
• 2 Year Fixed Rate Cash ISA: 3.90% AER/tax-free (fixed). Open an ISA with at least £100 and lock away your money for a fixed period of 2 years. If you withdraw your funds before the end of this period, you’ll pay a charge equivalent to 180 days’ loss of interest. If the balance falls below £100, the rate of interest will be 0.05% tax-free p.a./AER variable.
• 3 Year Fixed Rate Cash ISA: 3.90% AER/tax-free (fixed). Open an ISA with at least £100 and lock away your money for a fixed period of 3 years. If you withdraw your funds before the end of this period, you’ll pay a charge equivalent to 240 days’ loss of interest. If the balance falls below £100, the rate of interest will be 0.05% tax-free p.a./AER variable.
• 5 Year Fixed Rate Cash ISA: 3.90% AER/tax-free (fixed). Open an ISA with at least £100 and lock away your money for a fixed period of 5 years. If you withdraw your funds before the end of this period, you’ll pay a charge equivalent to 365 days’ loss of interest. If the balance falls below £100, the rate of interest will be 0.05% tax-free p.a./AER variable.

Source: Leeds Building Society Fixed Rate ISAs. Rates accurate as of May 2025.

Can I withdraw money from a Leeds Fixed Rate ISA?

Yes, you can withdraw your money from a Leeds Building Society Fixed Rate ISA, but if you do this before the end of your fixed term, you’ll pay a penalty. The amount you’ll be charged will depend on your chosen ISA. Leeds’ Fixed Rate ISAs also aren’t flexible ISAs, meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit again.

• 1 Year Fixed Rate Cash ISA. You’ll pay a charge equivalent to 90 days’ loss of interest. 
• 2 Year Fixed Rate Cash ISA: You’ll pay a charge equivalent to 180 days’ loss of interest. 
• 3 Year Fixed Rate Cash ISA: You’ll pay a charge equivalent to 240 days’ loss of interest. 
• 5 Year Fixed Rate Cash ISA: You’ll pay a charge equivalent to 365 days’ loss of interest. 

Can I transfer money into a Leeds Fixed Rate ISA?

Yes, you can transfer money into a Leeds Building Society Fixed Rate ISA. You can transfer in some or all of your previous tax years’ savings without affecting your annual allowance for the current tax year, as long as the terms and conditions of your existing account allow. 

If you already have a Leeds Building Society account, it may be possible to transfer your funds to your chosen Fixed Rate ISA. Whether this is possible will depend on your existing product terms and conditions and the product terms and conditions of your new ISA. You’ll need to contact Leeds Building Society to find out whether you’re eligible for a transfer. 

How to find the best Fixed ISA Rates

There are hundreds of Fixed Rate ISAs to choose from, offering a variety of terms and rates. Opening an ISA with the provider you currently bank with can seem like the easiest option, but you may get a higher interest rate and better customer service elsewhere. 

To find the right Fixed Rate ISA for you, it’s a good idea to compare multiple accounts from different providers before making a decision. By opening an ISA with a competitive interest rate, you can reduce the impact inflation has on your money and reach your savings goals faster. 

The interest rate isn’t the only thing to look out for, though. You’ll also want a provider with excellent reviews and intuitive savings features too. Once you’ve found the right one, you can usually open an account and make a deposit in minutes.