Do Some FR ISAs only pay interest at the end of term?

Ocelot

I took out a 3 year FR ISA with Leeds & Holbeck BS on 12/8/23 (5.5%), but haven't had any interest yet drop into my account, over a year later (not that I want to touch it anyway).

Does anyone have the T&Cs from this account, as I can't find them anywhere, and wondered if they might just pay 3 years' interest at end of term?

Thanks

gelato_cat

The answer to the title of your post is yes, some do only pay at the end of the term.

Which issue number is your account?  Is it issue 143?  If so, interest is paid annually on 31st August (starting 31st August 2024) so you should receive your first chunk of interest at the end of this month:

https://www.leedsbuildingsociety.co.uk/_resources/pdfs/savings-pdfs/3YRFRIS143.pdf

Ocelot

I suspect that's probably the same issue, didn't make a note.

Thanks - I forgot they often have weird terms, like 3 years 1 month!

gelato_cat

Ocelot said:

I suspect that's probably the same issue, didn't make a note.

Thanks - I forgot they often have weird terms, like 3 years 1 month!

If you log into online banking, it will say which issue number you have

Ocelot

Yep, Issue 143.