Back to August 2015

Market-leading ISA added to Leeds tax free savings portfolio

Leeds Building Society is adding a market-leading three year fixed rate ISA to its portfolio of tax free savings products.

The ISA launched on Thursday, 13th August, pays 2.30% tax-free† pa/AER* and is unique In permitting savers access to 25% of their capital investment without penalty during the three year fixed term.

“Our new three year fixed rate ISA offers a market-leading return and complements our existing range of fixed and variable ISAs,” said Jaedon Green, Leeds Building Society’s General Manager – Products.

“A three year term can be a good compromise for savers looking for a competitive fixed rate and this ISA offers the unique added benefit of permitting penalty-free access to up to a quarter of your capital during the term.”

The Society also is launching a new three year fixed rate bond on the same day, paying 2.30% gross/AER, which similarly allows access penalty free to a quarter of the capital invested.

Both the new ISA and bond can be opened in branch, by post or online.

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

Three year fixed rate ISA (Issue 40)

  • 2.30% tax-free† pa/AER* fixed until 30th September 2018
  • Minimum Investment £100
  • Maximum investment for the 2015/2016 tax year is £15,240, less any amount invested in a Stocks and Shares ISA in the same tax year
  • Interest paid annually on 30th September, commencing 30th September 2016, and on maturity
  • Access permitted to 25% of the capital investment without penalty, 240 days’ loss of interest on further withdrawals
  • Available to open in branch, by post and online

Three year fixed rate bond (Issue 199)

  • 2.30% gross/AER fixed until 30th September 2018
  • Minimum Investment £100
  • Maximum investment is £1m (£2m for joint accounts)
  • Interest paid annually on 30th September, commencing 30th September 2016, and on maturity
  • Access permitted to 25% of the capital investment without penalty, no further withdrawals are permitted
  • Available to open in branch, by post and online

†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.

Awards won by Leeds Building Society in the past 12 months include the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’, both for the second consecutive year. The Society also received the award for ‘Best Use of Technology (Lenders)’.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.7bn (as at 30th June 2015). The Society has operated from the centre of Leeds since 1886.