Leeds launch fixed rate ISA paying 4.16%

Leeds Building Society is launching a 3-year fixed rate ISA paying 4.16% with effect from 6 April 2011.

This account is for subscriptions in the new 2011/2012 tax year, when the maximum amount that can be invested in a cash ISA increases to £5,340. Furthermore, the product 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.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "This 4.16% rate is market leading and offers an excellent home for savers looking to invest their 2011/2012 allowance, of £5,340.

"Available from Wednesday 6th April 2011, the fixed rate also allows access to 25% of the funds, so savers benefit from a high guaranteed return and keep their options open.

"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.