Instant Access Cash ISA – Issue 5
Key features
- This is a variable rate product
- Open with just £1.
- Save up to the maximum subscription for the tax year. For tax year 2025/26 the maximum is £20,000.
This savings account may be right for you if …
- you’re happy with a variable interest rate
- you like to be able to add to or withdraw from the account as many times as you like
- you prefer to have the tax-free wrapper of a Cash ISA
- you’re happy to operate your account with a passbook via the branches or by post
- Rate
- 2.70%
- Interest paid
- Annually
Summary information
What is the Interest Rate?
-
- Interest is variable and the rate is currently 2.70% Gross/AER*
- Interest is calculated daily and paid annually on 5th of April.
- Interest can be added to the account, paid to your bank or another Loughborough Building Society account (except other ISAs).
- A full list of our current interest rates can be found on our Interest rate poster.
Can the Loughborough Building Society change the Interest Rate?
-
- We may change interest rates at any time.
- For further information about why we may change the rate and how we will tell you about a change, please refer to section 7.4 of the Society’s General Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?
-
- Based on the current interest rate, if you deposit £1,000 in this account, after 12 months you will have £1,027
- Please note that this projection is provided for illustration purposes only and assumes that no changes take place on the account after the initial deposit is made.
How do I open and manage my account?
-
- To open an account, you need to provide a completed application form, the minimum investment of £1.00, proof of your identity and address.
- Save up to the maximum subscription for the tax year. For tax year 2025/26 the maximum is £20,000.
- ISA Transfers are accepted into this account.
- If the maximum amount is invested and a withdrawal is made, further funds can’t be added to replace those withdrawn.
- A Cash ISA is a savings account where interest is paid tax free. It is available to UK residents who are aged 18 and over, subject to any individual product terms.
- This account can be operated via branch and post.
- A passbook will be issued when the account is opened.
Can I withdraw money?
-
- Instant access, subject to the Society’s daily limits.
- A passbook must be presented when a withdrawal is requested.
Additional Information
-
- Tax-free.
- This is not a Flexible ISA
- *Gross means the contractual rate of interest payable before any deduction of income tax. This account is tax free. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
How to apply
Opening an account is easy and you can do that in any of our branches.
Simply download, print and complete the application form. Then return your completed form, necessary identification and opening cheque or completed ISA Transfer Authority Form to your preferred branch or post it to Loughborough Building Society, 56 Woodgate, Loughborough, LE11 2TZ, alternatively, you can scan your completed, signed application and identity documents to [email protected]. An electronic payment can be made once the account is opened.
Cheques must be payable to the account holder.
For postal applications we will accept photocopy or scanned documents, not photographs. The copy must be a clear, readable version of the full original document.
You should read all the product information to ensure this account is right for you and also the Financial Services Compensation Scheme Information Sheet and our General Terms and Conditions.
Download application form
What you need to know about ISAs
To make the most of tax-free savings you should fully understand how an ISA works. We recommend you read our guide which will give you important information to help you decide if our Cash ISA is right for you.
Terms and Conditions
Before opening this account please read our General Terms and Conditions.
Financial Services Compensation Scheme
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. It’s important that you read the FSCS Information Sheet. It provides basic information about the protection of your savings deposits.