Leeds Building Society launches new Isa range

Leeds Building Society has launched a range of highly-competitive Isas for those seeking out the best savings interest rates.

The new fixed-rate Isas, available for terms of one year, three years and five years offer competitive rates but also give savers the flexibility of accessing 25 per cent of their funds without notice or penalty - unusual for a fixed-rate product.

Although people looking for the best savings rates available can open one now to take advantage of their £5,100 2010/2011 tax-free allowance, from April 6th savers can invest the higher amount of £5,340.

"Leeds Building Society's new tax free products offer a combination of a competitive rate of return combined with the peace of mind provided by access to a quarter of the funds at any time, without notice or penalty. I envisage these fixed rate ISAs ... will be popular," said Kim Rebecchi, sales and marketing director at the organisation.

Savers have been warned to keep an eye on their Isa accounts to ensure they are still getting the best savings rates available, as interest rates can fall significantly on older accounts. 

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2011-03-21 15:11:06 © Moneyextra.com