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Leeds Building Society launches new fixed rate ISA range with access!

Leeds Building Society has launched a new suite of fixed rate ISA products, which include 1 and 2 year versions. Furthermore, 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, and allow transfers in from other providers.

Kim Rebecchi, Leeds Building Society’s Sales and Marketing Director said, “This new suite of tax free products offer the combination of a good rate of return coupled with the peace of mind provided by access to some of the funds at any time, without notice or penalty.

“These products are available to savers who have not used their 2012/2013 tax year ISA allowance of £5,640. Our new offers 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.

“I anticipate these fixed rate ISAs, with a minimum investment of just £1 and access to some of the funds without notice or penalty, will be popular. They are available to open on a first come, first served basis by post, online and in branch.”

For more information, customers can call into their local branch, visit the website at www.leedsbuildingsociety.co.uk, or call the savings hotline, on 08450 540 995.

Ends

Notes to Editors

Key Features

1 Year Fixed Rate ISA (Issue 43)

  • 1.75% gross/ AER fixed until 31st March 2014
  • Interest is paid on maturity, 31st March 2014
  • Minimum Investment £1
  • Maximum investment is £5,640 (2012/2013 tax year allowance) plus previous years’ ISA subscriptions
  • Available to ISA subscriptions invested in previous tax years whilst the product remains open for further investments
  • Unlimited withdrawals of up to 25% of the initial investment can be made without notice or loss of interest at any time (if further withdrawals are made or the account is closed the account will be subject to 90 days loss of interest)

2 Year Fixed Rate ISA (Issue 41)

  • 1.95% fixed until 31st March 2015
  • Interest is paid annually on 31st March commencing 31st March 2014 and on maturity (31st March 2015)
  • Minimum Investment £1
  • Maximum investment is £5,640 (2012/2013 tax year) plus previous years’ ISA subscriptions
  • Available to ISA subscriptions invested in previous tax years whilst the product remains open for further investments
  • Unlimited withdrawals of up to 25% of the initial investment can be made without notice or loss of interest at any time (if further withdrawals are made or the account is closed the account will be subject to 120 days loss of interest)

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £10.3bn (as at 31 December 2012). The Society has operated from the centre of Leeds since 1886.