Leeds launches new ISA range paying up to 3.5%

Leeds Building Society has launched a new suite of ISA products, available for 2, 3 or 5 years, paying up to 3.5% interest tax free.

All the products have the flexibility and peace of mind that comes with access to 25% of the funds, without notice or penalty, at any time. Unlike many ISAs in the market there is no tiering of rates, so customers receive these fantastic rates from as little as £1.00 investment.

In addition, all the products in the new ISA range allow transfers in of previous years' ISA subscriptions from other providers. Customers can use these products to pay in their £3,600 allowance from the 2008/2009-tax year, if they have not already done so, as well as their new allocation for the 2009/ 2010-tax year from 6th April 2009.

The new 2-Year Fixed Rate ISA pays 3.15%; the 3-Year Fixed Rate ISA pays 3.25% and the 5-Year Fixed Rate ISA pays a market leading 3.50% tax-free. Kim Rebecchi, Director of Sales and Marketing said, "The opportunity to earn up to 3% interest, tax free, above the Bank of England base rate, from as little as £1, is a market leading offer and provides outstanding value.

"Our new Fixed Rate ISA range is also available for transfers in from other providers, meaning that customers can make life easier by having all their tax free savings in one place. With some cash ISA savers accumulating 10 years of tax-free savings totalling £30,600, competitive returns are crucial in this low interest rate environment.

"The new products also allow the flexibility and peace of mind of withdrawals of up to 25% of the capital without notice or penalty. With the end of the tax year in sight, I would encourage people to act quickly to use up their annual £3,600 ISA allowance, which runs out on April 5th.

"These products will also provide a great home for subscriptions in the new 2009/ 2010 tax year, which begins on April 6th. We are delighted to be able to deliver this new fixed rate ISA range to the market.

"In addition, any customer who visits one of our 68 Branches to open a new ISA will be given a free Easter egg. Also, any customer who transfers their ISA to Leeds Building Society from another provider will be entered into a prize draw to win a Luxury Easter Egg."

For more information, visit leedsbuildingsociety.co.uk