A new 1-year fixed rate ISA paying 3.25% gross p.a. / AER has been launched by Leeds Building Society.
Leeds Building Society has launched a branch based 1-year fixed rate ISA paying 3.25% gross p.a./ AER – one to consider if you are looking to invest your 2011/2012 tax free ISA allowance.
The minimum investment for this new savings account is just £1.
Furthermore, it offers the flexibility and peace of mind that you can access to 25% of the funds, without notice or penalty at any time, which is unusual for fixed rate savings.
Kim Rebecchi, Leeds Building Society’s Sales and Marketing Director said, “This product is the highest return on the high street with unlimited access to 25% of the amount invested and offers an excellent home for savers looking to invest their 2011/2012 allowance of £5,340.”
Transfers in of this year’s allowance are permitted which means anyone who has already invested elsewhere can still benefit.
The account can only be opened in a Leeds Building Society branch, there are though branches throughout the UK.
MoneyHighStreet.com comment: “Taking the opportunity to place money in a tax free savings account will help secure the best interest rates on your money, an important consideration as many savers are losing out to inflation.
Top savings rates though may not last so if you are looking to put some money away the sooner you do so and secure the best interest rates the better.”