Leeds Building Society launches ‘market leading’ 3.5% ISA

Leeds Building Society has launched a new range of fixed-rate individual savings accounts (ISAs) paying interest at up to 3.5%.

The ISAs are available for 2, 3, or 5 years, and pay interest at 3.15%, 3.25%, and 3.5% respectively.

According to Leeds, the top 3.5% rate is ‘a market leading offer’.

All ISAs in the new range allow transfer from previous years’ ISA subscriptions.

Customers can also pay in up to £3,600 from their unused 2008/9 ISA allowance, and from 6 April they can add money from their tax-free allocation for 2009/10.

Penalty-free access to 25% of the funds is available at any time, without the need to give notice.

Kim Rebecchi, Leeds’s director of sales and marketing, said: “We are delighted to be able to deliver this new fixed rate ISA range to the market.”

She added: “Any customer who visits one of our 68 Branches to open a new ISA will be given a free Easter egg.”

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