Leeds fixed-rate Isas launched

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Leeds fixed-rate Isas launched

Leeds Building Society's new fixed-rate tax-free Isa packages are offering attractive returns for savvy investors.

The one, two and three-year packages offer fixed returns of 5.6, 5.7 and 5.85 per cent respectively, which Stuart Fearn, product manager at the group, refers to as "guaranteed high interest rates".

All of the accounts offer minimum and maximum investment levels of £1 and £3,000 respectively, while withdrawals of up to 25 per cent of the initial amount (50 per cent for the one-year Isa) can be made without any notice or loss of interest.

Mr Fearn said that consumers should take advantage of Leeds' fixed-rate tax-free Isas before the new tax year started on April 6th.

By transferring to Leeds consumers could guarantee "a high interest rate with access to their funds", Mr Fearn said.

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