Leeds Building Society Tessa Isa product rolled out

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Leeds Building Society Tessa Isa product rolled out

Leeds Building Society has today rolled out a series of one, two and three-year Tessa Isa packages.

The one, two and three-year products possess interest rates of 5.60, 5.70 and 5.85 per cent respectively, while each of the Leeds Tessa Isas allow for a minimum investment of just £1.

Withdrawals of up to 50 per cent can be made on the one-year package at any time, with 25 per cent of the balance of the two and three-year Tessa Isas being permissible.

Stuart Fearn, product development manager at Leeds, said that the three Tessa Isa products are "straightforward accounts with no short-term headline bonus rates, other catches or requirements to open-linked accounts".

He also said that those consumers who have Toisa balances of £9,000 plus interest could see their earnings "increase substantially" by transferring to the new product range.

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