Leeds offers tax free return of 3% with access

Leeds Building Society has launched a Bonus ISA which pays a variable interest rate of 1.30%, plus a 1.70% bonus (currently 3.00% gross/ AER) until 30th September 2013.

This account offers a highly competitive tax free return for customers who have still to use their 2012/ 2013 tax free ISA allowance of £5,640. Furthermore, this product allows two withdrawals at any time, without notice or loss of interest, during the bonus period and unlimited access from 1st October 2013.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "This account provides customers with a highly competitive tax free return on their £5,640 subscription in the 2012/ 2013 tax year. They can also make two withdrawals at any time without notice or loss of interest, during the bonus period, and benefit from unlimited access thereafter.  

"In addition, the minimum balance on this account is only £1, and it can be opened at any of our 65 branches throughout the UK, by post or online."

Key Features

Bonus ISA

Variable interest rate of 1.30% plus 1.70% bonus (current rate 3.00% gross/ AER) until 30th September 2013.

From 1st October 2013, interest rate will be variable (currently 1.30% gross/ AER)

Annual interest is paid on 30th September, commencing 30th September 2013

Annual interest is added to the account

Minimum investment of £1, Maximum investment of £5,640 (2012/2013 tax year ISA funds only)

During the bonus period, 2 Withdrawals or transfers can be made without notice or loss of interest

If a third withdrawal is required, the ISA must be transferred or closed

From 1st October 2013, unlimited withdrawals can be made without notice or loss of interest

Transfers of previous years' ISA subscriptions are not permitted

This account can be opened online, by post or branch

This account can be operated by post or branch

For more information, visit leedsbuildingsociety.co.uk.