Leeds BS launches one year fixed rate ISA at 3.25%

Leeds Building Society has released a one year fixed rate cash ISA paying 3.25 per cent gross p.a./ AER.

Savers can access up to a quarter of their funds without notice or penalty and the account can be started up with £1.

The maximum investment is £5,640, which is this tax year’s ISA allowance. Transfers in of previous years’ ISA subscriptions are not permitted.

Interest is paid on maturity, May 31, 2013, and can be added to the account, transferred or paid to another account with the society

Kim Rebecchi, sales and marketing director at the Leeds, said: “Our one year ISA at 3.25 per cent is the best fixed rate ISA currently available with penalty free access.”

The ISA is available to open by post, online and in branch.

If more than 25 per cent of the funds are withdrawn, or the account is closed, the saver will lose 90 days’ interest.

Free ISA guide: Click here