Leeds BS launch new one-year fixed rate Isa

Monday, 22 August 2011 02:10

Leeds Building Society has launched a new one-year fixed rate Isa paying 3.25 per cent.

In addition, unlike many other fixed rate accounts, customers can access a quarter of the funds without notice or penalty at any time.

Kim Rebecchi, Leeds Building Society's sales and marketing director said tax-free savings accounts such as Isas have become more important to individuals in recent months because of high inflation and low interest rates.

"Our market leading one-year fixed rate Isa at 3.25 per cent offers an excellent home for savers still looking to invest their 2011/2012 tax free allowance of £5,340.

"We will also accept transfers in of this year's allowance, so anyone who has already invested elsewhere can still benefit," she added.

Last week, Leeds unveiled a one-year fixed rate bond at 3.6 per cent with 25 per cent access at any time.

Use the Myfinances.co.uk comparison tables to find the best deal on a new savings account
 

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