Leeds ready for Top-up Tuesday

Leeds Building Society is well prepared for qualifying customers topping up their ISAs next Tuesday following its decision to extend its very popular fixed rate ISA range, including its market leading 5-year paying 4.60%.

The UK's 6th largest building society announced back in July that it would accept the additional £1,500 allowance into new and existing ISAs including fixed rate products, where the customer has already invested all or part of their 2009/2010 ISA allowance. Furthermore, Leeds Building Society is also accepting transfers from other providers.

Kim Rebecchi, Director of Sales and Marketing said, "We have seen very high ISA inflows this year and are very aware that tax-free savings are extremely important to our customers. That is why we have taken the decision to accept this additional allowance and to extend our very competitive range, which has proved extremely popular."

Leeds Building Society has ISAs paying up to a market leading 4.60%, which is the equivalent of 7.67% for higher rate tax payers and 5.75% for basic rate tax payers, and over fifteen times and eleven times Bank Base Rate (BBR) respectively.

Kim added "Some ISA customers, who have invested the maximum possible, could have £43,200 invested in an ISA, with a further £1,500 available from October, plus accrued interest. With many ISAs in the market paying less than 1%, investors could be missing out on at least £1,609 of tax-free interest which, in this current low interest rate environment, is a significant difference.

"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."

For more information, visit leedsbuildingsociety.co.uk.