Combine ISA savings with a market leading notice account
Leeds Building Society is offering an exclusive market leading 30 day notice account to all its new and existing tax free investors, available for both the end of the current and the beginning of the new tax year.
This account, awarded 4 stars by Moneyfacts, allows an ISA customer who places any funds in it now, and then chooses an ISA with the Society (minimum opening balance of £1) to transfer penalty free without having to give the 30 days notice.
As a concession to members, the Society has agreed to waive the penalty during April and allow instant transfer to the new tax year ISA's.
The new 2013/ 2014 tax year starts on Saturday 6th April, when the maximum cash ISA allowance increases to £5,760. Leeds is extending the opening hours for many of its branches on 6th April to allow customers to maximise their tax free return. The products are also available online and by phone.
The current 2012/2013 tax year finishes the day before this, on Friday 5th April, and Leeds Building Society is offering customers the chance to combine a highly competitive rate of return for their £5,640 tax free allowance with access to a market leading 30 day notice account paying up to 2.35% gross p.a. /AER.
The mutual's ISA range includes a 3 Year, 2 Year and 1 Year Fixed Rate ISA at 2.60%, 2.35% and 2.00% tax-free/ AER respectively. The Society also has a 2 year base rate tracker ISA, which guarantees to pay Bank of England Base Rate plus 1.75% for 2 years. This account is currently paying a market leading high street rate of 2.25% tax-free/ AER (variable). There is also the facility for customers who have already subscribed to an ISA in the current tax year to transfer in these funds, and all previous years ISA subscriptions from other providers, in full.
Furthermore, all of these tax free products have the flexibility and peace of mind that comes with access to 25% of the funds without notice or penalty at any time. None of the other top 5 providers give this level of access.
Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "The new 2013 / 2014 tax year starts on a Saturday this year, so we have extended the opening hours for many of our branches on 6th April to allow customers to maximise their tax free return. Customers can place funds in our market leading 30 day notice account now, choose an ISA with the Society and transfer their subscription without giving the 30 days notice.
"It's also very important to remember the current tax year allowance, as it cannot be carried forward from one tax year to another. If people do not use their £5,640 2012/ 2013 allowance before Friday 5th April they will lose it forever, so I would urge people to act quickly."