Leeds BS has launched a new five year fixed rate ISA that offers a great rate to investors wishing to invest their allowance over the long term.
The fixed account matures on 31.8.14 and pays a rate of 4.60% yearly on a minimum investment of £1. Withdrawals of up to 25% of investment are permitted without notice or loss of interest, with further withdrawals or closure on 180 days' loss of interest.
Transfers out are subject to 180 days' loss of interest, while transfers in are permitted. Further additions are permitted for the current tax year only.
For a five year term, this account pays a market leading rate and should prove popular with those looking to fix their ISA funds.
The flexibility of the account, allowing withdrawals of 25% of investment and further withdrawals on loss of interest, will also offer peace of mind during a difficult period.
This ISA has been awarded four out of five Moneyfacts stars.
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