Leeds adds to tax-free savings range with market-leading 1.05% instant access ISA

A market-leading new instant access ISA paying 1.05% tax-free^† pa/AER* has been added to Leeds Building Society’s tax-free savings range.

The new Limited Issue Online ISA offers penalty-free access and accepts transfers in from previous years’ ISA subscriptions.

“We’ve launched this new online-only account as more customers are seeking to open and run their ISA this way, and access is penalty-free,” said Richard Fearon, Leeds Building Society’s Chief Commercial Officer.

“The limited issue product is market-leading for an easy access ISA and complements our wider tax-free savings range, which offers a choice of fixed terms and easy access products.

“ISAs remain beneficial for savers despite the introduction of the Personal Savings Allowance^§.

“Ensuring interest stays tax-free makes your savings work that bit harder and our new ISA allows transfers in from previous years for savers to maximise this benefit.”

Ends

Notes to Editors

^†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.

• Separate from ISAs, the introduction of the Personal Savings Allowance on 6^th April 2016 means basic rate taxpayers can earn up to £1,000 in savings income tax-free. Higher rate taxpayers can earn up to £500.

The ISA subscription limit for the 2017/2018 tax year is £20,000, less any amount invested in a Stocks and Shares ISA, Innovative Finance ISA and/or Lifetime ISA in the same tax year.

Key features

1.05% Limited Issue Online ISA

• 05% tax-free^† pa/AER* variable rate ISA
• Instant access
• Limited issue
• Minimum investment £1,000