Best buy ISA pays seven times bank base rate

28 April 2009

Leeds Building Society has consistently delivered a range of highly competitive fixed rate ISA products including its best buy 5-year product, paying 3.50%, and its 2 and 3-year ISAs paying 3.15% and 3.25% respectively. Furthermore, unlike many other providers, each product allows savers to transfer in all of their ISA subscriptions from previous years' plus any interest accrued, unlimited access to 25% of the amount invested at any time, without notice or penalty, and have a minimum opening balance of only £1.

Kim Rebecchi, Director of Sales and Marketing said, "The opportunity to earn up to seven times the Bank of England base rate, from as little as £1, is a market leading offer and provides outstanding value.

"Some ISA customers, who have invested the maximum possible, could have £43,200 invested in an ISA plus accrued interest. With many ISAs in the market paying less than 2%, investors could be missing out on almost £650 of tax free interest which, in this current low interest rate environment, is a significant difference.

"Furthermore, our fixed rate ISAs also deliver flexibility and peace of mind with unlimited withdrawals of up to 25% of the capital allowed at any time, without notice or penalty. There is no doubt that savers should review their existing tax-free savings and consider transferring their ISAs to ensure they are maximising their return."

To compliment its range, Leeds Building Society also has a 1-year fixed rate paying 3.05% for customers looking to deposit their current tax year's subscriptions only, which also allows access to 25% of the capital.

For more information, visit leedsbuildingsociety.co.uk