New ISA from Leeds Building Society

Published: 5 August 2009 By MoneyhighStreet Staff Leave a Comment

Leeds Building Society has launched a market leading 5 year fixed rate ISA with 4.6% interest, tax free.

Leeds Building Society ISAThe minimum opening balance of the new ISA is £1 and up to 25% of the amount invested can be withdrawn at any time, without notice or penalty.

A differentiator of this ISA from Leeds is that savers can transfer into the account all of their ISA subscriptions from previous years, along with any interest added.

Those born on or before 6 April 1960 who can invest a further £1,500 in an ISA, as announced by Alistair Darling in his budget, can place the funds into any Leeds Building Society ISA, including fixed rate products, as long as they have already invested all or part of their 2009/2010 ISA allowance.

Kim Rebecchi, Director of Sales and Marketing at Leeds, commented ‘Our 5 Year Fixed Rate ISA will be particularly attractive to those customers who have their tax-free savings with providers that have announced they will not accept the additional £1,500.’

She added ‘We are offering simply the best rate on the market, available through branch, post and online, and this account is essential to a tax free investment portfolio.’

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