Leeds BS launches fixed rate ISA with 25% access
Tuesday, 21 February 2012 09:34
Leeds Building Society has released a new one year fixed rate ISA paying a return of three per cent gross p.a./ AER.
Savers can access up to a quarter of their funds, without notice or penalty, at any time.
Kim Rebecchi at the Leeds said: “With just over six weeks to go until the end of the 2011-12 tax year, this new account offers a good rate of return to those investors still to use their £5,340 tax free allowance.”
A minimum of £1 is required to start up the account, which can be opened online, by post or in any branch.
The account also allows transfers in of previous years’ ISA subscriptions from other providers, the mutual said.
“For those customers who have invested in an ISA every tax year since inception, they could have more than £50,000 invested plus interest earned,” Ms Rebecchi added.
Interest will be paid at maturity on March 31, 2013.
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