Leeds launches 4.6% fixed-rate ISA

| August 6, 2009 | 0 Comments
Leeds launches 4.6% fixed-rate ISA

Leeds Building Society has launched a five-year fixed-rate cash ISA paying a market-leading interest rate of 4.6%.

Customers can withdraw up to 25% of the amount invested at any time, without notice or penalty.

The account can be opened with a minimum of £1, and allows savers to transfer in their ISA balance from previous years’ subscriptions, including accrued interest.

Savers born before 7 April 1960 can also deposit their extra £1,500 allowance into the ISA.

The 4.6% tax-free rate is equivalent to a 5.75% taxed rate.

Kim Rebecchi, Leeds director of sales and marketing, said the account “provides outstanding value in this current low interest rate environment.”

Alan O’Sullivan of thisismoney said the account is a “truly amazing offer” that “signifies we are on the crest of a sea-change in the bond market.”

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