Leeds Building Society launches New TESSA ISA product range

Leeds Building Society has today launched a range of fixed rate tax-free TESSA ISA products, for 1, 2 or 3 years.

All the accounts offer a guaranteed excellent rate of return and the peace of mind afforded by access to a portion of the initial capital invested.

The 1-Year TESSA ISA pays 5.60%, the 2-Year version returns 5.70% and the 3-Year 5.85%.

Stuart Fearn, Product Development Manager, said, "This new TESSA ISA product range offers a guaranteed high interest rate combined with access to funds. The minimum investment is also only £1, making it available to all investors with a TESSA ISA balance to transfer. All three versions are straightforward accounts with no short-term headline bonus rates, other catches or requirements to open linked accounts.

"The product accepts transfers in from other providers. Investors, who potentially have TOISA balances of £9,000 plus interest already earned often in accounts earning much less than is now available and without any rate guarantee, would see their earnings increase substantially by transferring to our new product range."