Back to November 2016

New two year fixed rate Leeds ISA for tax-free savers

Leeds Building Society has refreshed its tax-free savings range with highlights including:

  • Two year fixed rate ISA 1.15% tax-freepa/AER*
  • Three year fixed rate ISA 1.20% tax-freepa/AER*

The Society’s current ISA range permits transfers in of previous years’ subscriptions and accounts can be opened with a minimum investment of £100.

“Despite a reduction in new ISA openings across the market, we continue to see increasing demand for this type of savings product,” said Richard Fearon, Leeds Building Society’s Chief Commercial Officer.

“While the Personal Savings Allowance introduced earlier this year means the majority of savers are better off, there’s still a place for ISAs to shelter income from savings from the taxman in the longer term.

“Ever since the first tax-free savings accounts were introduced in 1991, they’ve proved popular as a way to maximise returns and make your investment work that little bit harder.”

The Society also continues to see strong demand for fixed rate bonds and currently offers a two year fixed rate bond (Issue 249) paying 1.15% gross pa/AER* and a three year fixed rate bond (Issue 250) paying 1.20% gross pa/AER*. Both are limited issue.

Ends

Notes to Editors

Leeds Building Society has refreshed its tax-free savings range with highlights including:

  • Two year fixed rate ISA 1.15% tax-freepa/AER*
  • Three year fixed rate ISA 1.20% tax-freepa/AER*

The Society’s current ISA range permits transfers in of previous years’ subscriptions and accounts can be opened with a minimum investment of £100.

“Despite a reduction in new ISA openings across the market, we continue to see increasing demand for this type of savings product,” said Richard Fearon, Leeds Building Society’s Chief Commercial Officer.

“While the Personal Savings Allowance introduced earlier this year means the majority of savers are better off, there’s still a place for ISAs to shelter income from savings from the taxman in the longer term.

“Ever since the first tax-free savings accounts were introduced in 1991, they’ve proved popular as a way to maximise returns and make your investment work that little bit harder.”

The Society also continues to see strong demand for fixed rate bonds and currently offers a two year fixed rate bond (Issue 249) paying 1.15% gross pa/AER* and a three year fixed rate bond (Issue 250) paying 1.20% gross pa/AER*. Both are limited issue.