Leeds Building Society has unveiled a new one year fixed rate ISA paying savers 3.15 per cent gross p.a./ AER.
The account can be opened with £1, up to this year’s maximum tax-free allowance of £5,640. However, transfers in of previous years’ ISA subscriptions are not permitted.
Savers can make unlimited withdrawals of up to 25 per cent of the initial investment without notice or loss of interest at any time, but if further withdrawals are made, or if the ISA is closed, the account will be subject to 90 days’ loss of interest.
Interest is paid at maturity on June 30, 2013 and can be added to the account, transferred, or paid to another account with the society.
The new cash ISA can be opened online, by post or in branch, the mutual said.
Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland.