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Leeds combines great ISA value with exclusive market leading notice account

With just over three weeks to go until the end of the 2012/2013 tax year on 5th April, Leeds Building Society is offering a highly competitive rate of return to those investors still to use their £5,640 tax free allowance. The Society is also offering access to a market leading 30 Day Notice Account to all its new and existing tax free investors for any additional funds.

Furthermore, all of Leeds Building Society’s new tax free products have the flexibility and peace of mind that comes with access to 25% of the funds without notice or penalty at any time. There is also the facility for customers who have already subscribed to an ISA in the current tax year to transfer in these funds, and all previous years ISA subscriptions from other providers, in full.

Kim Rebecchi, Leeds Building Society’s Sales and Marketing Director said, “Over 30% of our members have an ISA account with us so we know that it is important for them to maximise the benefit from tax free savings. An ISA allowance cannot be carried forward from one tax year to another, and if people do not use their £5,640 2012/ 2013 allowance before Friday 5th April they will lose it forever.”

The new ISA range from Leeds includes a 3 Year Fixed Rate ISA at 2.60% gross/ AER, a 2 Year Fixed Rate ISA at 2.35% and a 1 Year Fixed Rate ISA paying 2.00%. The Society has also launched a 2 year base rate tracker ISA, which guarantees to pay Bank of England Base Rate plus 1.75% for 2 years. This account is currently paying a market leading high street rate of 2.25%.

Whilst choosing one of these great offers for their current tax year subscription, customers can also benefit from exclusive access to a market leading 30 day notice account paying up to 2.35% gross p.a. /AER, which has been awarded a 4 star rating by Moneyfacts. Furthermore, if an ISA customer places funds in the 30 day notice account now, and then chooses an ISA with the Society for their new 2013/ 2014 ISA subscription (when the maximum cash ISA allowance increases to £5,760) they can transfer without giving the 30 days notice.

Kim continued, “I would urge people to act quickly to take advantage of our highly competitive range of fixed rate ISA’s, which all offer penalty free access to 25% of the funds and allow transfers in from other providers.

“The new 2013 / 2014 tax year starts on a Saturday so customers can place funds in our market leading 30 day notice account now, choose an ISA with the Society and transfer their subscription without giving the 30 days notice. We have also extended the opening hours for many of our branches on Saturday 6th April to allow customers to maximise their tax free return.”

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

ISA range and 30 day notice account are all available by post, online and in branch.

Key Features

1 Year Fixed Rate ISA (Issue 45)

  • 2.00% gross/ AER fixed until 30th April 2014
  • Interest is paid on maturity, 30th April 2014
  • Annual interest can be added to the account, transferred or paid to another account with the Society
  • 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 42)

  • 2.35% fixed until 30th April 2015
  • Interest is paid annually on 30th April commencing 30th April 2014 and on maturity (30th April 2015)
  • Annual interest can be added to the account, transferred or paid to another account with the Society
  • 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)

3 Year Fixed Rate ISA (Issue 34)

  • 2.60% fixed until 2nd May 2016
  • Interest is paid annually on 2nd May commencing 2nd May 2014 and on maturity (2nd May 2016)
  • Annual interest can be added to the account, transferred or paid to another account with the Society
  • 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)

2 Year Base Rate Tracker ISA (Issue 12)

  • An annual interest rate guaranteed to track the Bank of England Base Rate plus 1.75% (current rate 2.25%) until 30th April 2015
  • Fixed end date of 30th April 2015
  • Annual interest is paid annually on 30th April, commencing 30th April 2014 and on maturity (30th April 2015)
  • Annual interest can be added to the account, transferred or paid to another account with the Society
  • Minimum investment of £1, maximum investment of £5,640 (2012/2013 tax year) plus previous years’ ISA subscriptions
  • 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)
  • This account can be opened online, by post or branch
  • Additional investments can be made, whilst the issue remains available for new investments

30 Day Notice Account

  • Annual variable rate of 1.60% gross p.a. / AER for balances from £5,000 to £9,999, 1.95% gross p.a. / AER for balances from £10,000 to £24,999, 2.00% for balances from £25,000 to £49,999, 2.05% for balances from £50,000 to £99,999 and 2.35% gross p.a. / AER for balances of £100,000 and over.
  • Interest is paid annually on 1st June commencing 1st June 2014.
  • Annual interest can be added to the account, transferred or paid to another account with the society.
  • Minimum investment is £5,000. Maximum investment is £1,000,000 (£2,000,000 for joint accounts).
  • Unlimited withdrawals are permitted subject to 30 days written notice, or 30 days loss of interest.
  • No cash transactions permitted.
  • All receipts / withdrawals via cheque and transfer only.
  • Additional investments can be made whilst the issue remains available for further investments.
  • This product can be opened and operated via branch and by post.

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.