New best buy five year cash ISA launched by Leeds Building Society

Savers able to lock away their money for the longer term are being offered a new five year fixed rate Cash ISA from Leeds Building Society with a best buy rate of 2.85% tax-free pa/AER (fixed).

The new ISA, launched on Friday, 16th May, matures on 30th June 2019 and can be opened with just £100.

Savers can invest up to the current annual Cash ISA allowance of £5,940 for the 2014/15 financial year, and between 1st and 31st July can top up their funds, up to the new £15,000 NISA limit.
 
“In common with other ISAs we offer, savers have the benefit of access to 25% of their capital investment during the fixed term without notice or penalty,” said Kim Rebecchi, Leeds Building Society Sales & Marketing Director.
 
“Prior to this year’s Budget, we had urged the Chancellor to help savers by increasing the annual ISA allowance so welcomed the larger NISA allowance, which comes into force from July.
 
“As with other fixed rate Cash ISAs opened with Leeds Building Society during the current financial year, savers with the new five year fixed rate Cash ISA will be able to top up to the new £15,000 limit during July.”
 
For more information, visit leedsbuildingsociety.co.uk.