Leeds launches new fixed rate ISA range with access

Leeds Building Society has launched a new suite of competitive fixed rate ISA products, which include 1, 3 and 5 year versions.

Furthermore, 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, which is unusual for fixed rate savings deals. These accounts will also allow transfers in from other providers of previous tax free investments.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "These new offers will provide 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.

"The accounts are also available for subscriptions in the 2011/2012 tax year, from 6th April 2011, when the maximum amount that can be invested in a cash ISA increases to £5,340.

"All of these ISAs also allow transfers in from other providers so customers can, if they wish, make life easier by having all their tax free savings in one place. With some cash ISA savers accumulating around £40,000 of tax-free savings plus interest, receiving a competitive return is important.

"Leeds Building Society's new tax free products offer a combination of a competitive 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 envisage these fixed rate ISAs, with options ranging from 1 to 5 years and access to some of the funds without notice or penalty, will be popular."

For more information, visit leedsbuildingsociety.co.uk.