Leeds launches new ISA

Leeds Building Society has launched a market leading 18-month fixed-rate ISA which offers some of the best savings interest rates on the market.

The new ISA offering pays a fixed savings interest rate of three per cent for the term of the ISA.

Savers who do not want to have their money tied up for 18 months will be delighted to hear that the new ISA allows access to 25 per cent of the funds at any time, without notice or penalty.

Kim Rebecchi, Leeds Building Society's sales and marketing director, said: "This market leading three per cent rate offers an excellent home for savers looking to invest their 2010/2011 ISA allowance of £5,100."

She said that the ISA is expected to prove popular and will be available on a first come first served basis and urged saves to act quickly to take advantage.

Leeds recently announced rate cuts to its two-year discount buy-to-let mortgage.
 

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2011-01-12 16:19:20 © Moneyextra.com