Leeds launches 1 Year Fixed Rate ISA at 3% with access

Leeds Building Society has launched a new market leading 1 Year Fixed Rate ISA paying 3.00%. Furthermore, the account also provides the flexibility and peace of mind that comes with access to 25% of the funds, without notice or penalty at any time, which is unusual for fixed rate savings deals.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "This market leading 3.00% rate offers an excellent home for those customers who have not yet used their £5,100 ISA allowance in the 2010/2011 tax year.

"If people don't use their ISA allowance during each tax year window it is gone forever. Although 41% of adults were recorded as having an ISA product in April 2010, the number of accounts subscribed to fell by 2% compared to the previous tax year.

"Leeds Building Society's new tax free product offers a combination of a market leading rate of return combined with the peace of mind provided by access to a quarter of the funds at any time, without notice or penalty. The fact it is a short term product, fixed for just a year, allows customers to keep their options open.

"This new tax free product offers a combination of a market leading rate of return combined with the peace of mind provided by access to a quarter of the funds at any time, without notice or penalty.

"I expect this combination to prove popular, due to the value and flexibility provided. Therefore, it will be available on a first come, first served basis and customers are urged to act quickly to avoid disappointment."

For more information, visit leedsbuildingsociety.co.uk.