Leeds launch market leading 3 year fixed rate ISA

Leeds Building Society has launched a market leading 3-year fixed rate ISA paying 4.20% for subscriptions in the new 2011/2012 tax year, when the maximum amount that can be invested in a cash ISA has increased 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 4.20% rate is market leading and offers an excellent home for savers looking to invest their 2011/2012 allowance of £5,340.

"This fixed rate also allows access to 25% of the funds so savers benefit from a high guaranteed return and can keep their options open.

"The notice period for withdrawals, beyond the instant access facility of 25% of the balance, is 120 days, considerably less than many competitor products. Also, our minimum opening amount is just £1, which is lower than the requirement from some other organisations.

"I expect the combination of a high guaranteed return and access to prove popular, due to the value and flexibility provided, and urge customers to act quickly to avoid disappointment."

For more information, visit leedsbuildingsociety.co.uk.