New fixed-rate cash Isa offered by Leeds Building Society

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New fixed-rate cash Isa offered by Leeds Building Society

Thu 18th Aug 2011

A new high-interest cash Isa has been launched by Leeds Building Society.

The savings product is being offered at 3.25 per cent AER, fixed for 12 months, for customers wishing to deposit the year's tax-free allowance of £5,340. Customers will have access to 25 per cent of their funds at any time.

This feature offers an attractive incentive to save, especially given the current economic environment of high inflation and a low interest rate providing little return in regular accounts, according to Leeds Building Society's sales and marketing director Kim Rebecchi.

She added: "This market-leading rate combined with access allows savers to keep their options open. I expect this combination to prove popular, due to the value and flexibility provided."

The mutual recently launched a new online account with a 2.55 per cent interest rate on top of the bank rate, which currently stands at 0.5 per cent, in a bid to attract more tech-savvy customers.

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