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More competitive Fixed Rate ISA choice from Leeds Building Society

Leeds Building Society has launched two new competitive Fixed Rate cash ISAs to add to its savings portfolio.

These are:

  • One year Fixed Rate cash ISA at 1.75% tax-free† p.a./AER* (fixed), maturing on 31st March 2015
  • Two year Fixed Rate cash ISA at 2% tax-free† p.a./AER* (fixed), maturing on 31st March 2016

Each can be opened with a minimum balance of £1 and savers can invest up to the current annual ISA allowance of £5,760 for the 2013/14 financial year, as well as transfers in from previous years’ ISA funds.

“These latest Fixed Rate ISAs add to our range of competitive tax-free savings products and offer more choice to savers looking for a shorter-term home for their money,” said Kim Rebecchi, Leeds Building Society Sales & Marketing Director.

“In common with other ISAs in our portfolio - including our market-leading five year Fixed Rate ISA - savers have the benefit of access of up to 25% of their capital investment during the term, without notice or penalty.”

Leeds Building Society’s five year Fixed Rate ISA offers longer-term savers a best buy return of 3.05% tax-free† p.a./AER* (fixed).

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 cash ISA maturing on 31st March 2015

  • 1.75% tax-free† p.a./AER* fixed until 31st March 2015
  • Interest is paid on maturity on 31st March 2015
  • Interest can be added to the account, transferred or paid to another account with the Society
  • Minimum Investment £1
  • Maximum investment is £5,760 (2013/2014 tax year allowance) and transfers in of previous years ISA subscriptions are permitted.
  • Available to ISA subscriptions invested in previous tax years while the product remains open for further investments
  • Access to 25% of the capital investment is permitted without penalty
  • Further withdrawals, closure or transfers subject to 90 days’ loss of interest on the amount withdrawn/transferred.
  • Available to open in branch, by post or online and can operated via post and branch.

2 Year Fixed Rate cash ISA maturing on 31st March 2016

  • 2.00% tax-free† p.a./AER* fixed until 31st March 2016
  • Interest is paid annually, on 31st March 2015 and on maturity on 31st March 2016
  • Interest can be added to the account, transferred or paid to another account with the Society
  • Minimum Investment £1
  • Maximum investment is £5,760 (2013/2014 tax year allowance) and transfers in of previous years’ ISA subscriptions are permitted.
  • Available to ISA subscriptions invested in previous tax years while the product remains open for further investments
  • Access to 25% of the capital investment is permitted without penalty
  • Further withdrawals, closure or transfers subject to 120 days’ loss of interest on the amount withdrawn/transferred.
  • Available to open in branch, by post or online and can operated via post and branch.

†Tax-free means that interest payable is exempt from income tax.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

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