Leeds launches best buy 5 Year Fixed Rate ISA at 4.60%

Leeds Building Society has launched a market leading 5 Year Fixed Rate ISA paying 4.60% interest tax-free. 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, "The opportunity to earn a fixed rate of 4.60% interest tax free for five years, from as little as £1, is a market leading offer and provides outstanding value in this current low interest rate environment. Furthermore, our new 5 Year Fixed Rate ISA delivers flexibility and peace of mind with unlimited withdrawals of up to 25% of the capital allowed at any time, without notice or penalty."

Leeds Building Society recently announced that it will accept the additional £1,500 tax free cash allowance, announced by the Chancellor Alistair Darling in his budget, which is available to anyone born on or before 6 April 1960. The Society has confirmed that the additional funds will be accepted into any Leeds Building Society ISA, including fixed rate products, where the customer has already invested all or part of their 2009/2010 ISA allowance. Furthermore, Leeds Building Society will also be accepting transfers from other providers.

Kim Rebecchi continued, "Therefore, our 5 Year Fixed Rate ISA will be particularly attractive to those customers who have their tax-free savings with providers that have announced they will not accept the additional £1,500. Some ISA customers, who have invested the maximum possible, could have £43,200 invested in an ISA plus accrued interest.

"We are offering simply the best rate on the market, available through branch, post and online, and this account is an essential addition to a tax free investment portfolio."

For more information, visit leedsbuildingsociety.co.uk