New Fixed Rate ISA From Leeds Building Society
Published: 2 June 2011 By MoneyHighStreet Staff Leave a Comment
Leeds Building Society has launched a market leading 2 year fixed rate ISA.
The new fixed rate ISA pays 3.7% gross p.a. / AER fixed until 30 June 2013.
The minimum investment is £1 and the maximum is £5,340, the 2011/12 tax year cash ISA allowance.
This ISA also offers flexibility in that unlimited withdrawals can be made of up to 25% of the initial investment without notice or loss of interest. Further withdrawals beyond this 25% level or if the account is closed will be subject to 120 days loss of interest.
Leeds will accept transfers into this account of this year’s ISA allowance but not previous year.
For more information, see the website at www.leedsbuildingsociety.co.uk/contact/branchfinder, for the address and telephone number of their nearest branch.
MoneyHighStreet.com comment: A good offer for savers and one that you may well want to consider, subject to your own particular situation. The attraction for some will be the flexibility offered with unlimited, no penalty access to 25% of the initial investment made.
With some better cash ISA rates around, always make sure you check rates at the time you are investing and look beyond the headline rates. Importantly don’t leave existing ISAs in a low rate account – check the interest rate you are getting and if need be switch to a better paying account.
