Best buy ISA pays the equivalent of 6.67%

Leeds Building Society's market leading 5 Year Fixed Rate ISA, which pays the equivalent of 6.67% for higher rate tax payers and 5% for basic rate tax payers, is proving popular with customers looking to maximise their tax free returns.

The rate is equivalent to over thirteen times Bank Base Rate (BBR) for higher rate tax payers and ten times BBR for standard rate tax payers.

Furthermore, unlike many offers on the market, this product allows savers to transfer in all of their ISA subscriptions from previous years' plus any interest accrued. There is also unlimited access to 25% of the amount invested at any time, without notice or penalty, and a minimum opening balance of only £1.

Kim Rebecchi, Director of Sales and Marketing said, "This 5 Year Fixed Rate ISA delivers an excellent guaranteed return, flexibility and peace of mind and some customers, who have invested the maximum possible, could have £43,200 invested in an ISA plus accrued interest.

"There is no doubt that investors should review their existing savings and consider transferring their ISAs, to ensure they are maximising their tax free return in this changing financial climate, to an account paying the equivalent of 6.67% for higher rate tax payers and 5% for basic rate tax payers."

For more information, visit leedsbuildingsociety.co.uk