Leeds Building Society launches new Fixed Rate ISA and TESSA ISA

Leeds Building Society has launched a new market leading 3-year fixed rate ISA and TOISA paying 6.10%, which has been specifically designed to offer a combination of an excellent tax-free return and the flexibility of access to a portion of the funds without notice or penalty.

Karen Wint, Head of Marketing & PR said, "This account offers a highly competitive guaranteed rate of return over 3 years and access to 25% of the funds, without notice or penalty, at any time."

ISA holders paying in their maximum £3,000 allocation each year since ISAs were launched will have a capital balance of £27,000, plus any interest earned over this period. TOISA balances including interest could be as high as £13,000.

Karen Wint added "These existing ISA and TOISA balances can be transferred across in full to our new product. The ability to secure an excellent rate for a set period is something that many customers with tax free savings may wish to do, particularly as they can combine this with the ability to access the funds easily in an emergency or to reassess their investment options in the future. The minimum investment is also only £1, making it available to all investors."