Leeds Building Society launches new ISA

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Leeds Building Society launches new ISA

Leeds Building Society has announced the launch of a new individual savings account (ISA), which it claims offers a market leading interest rate.

The new product offers savers an interest rate of 3.5 per cent and enables them to withdraw up to 25 per cent of their funds at any time without incurring penalties.

Leeds Building Society's new ISA also offers the same rate of interest to all customers no matter what their account balance is, meaning that account holders can get 3.5 per cent interest on all balances over £1.

Kim Rebecchi, the building society's director of sales and marketing, said: "Our new Fixed Rate ISA range is also available for transfers in from other providers, meaning that customers can make life easier by having all their tax free savings in one place."

With the annual deadline for tax free ISA contributions approaching, now could be an excellent time to open a new account.

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