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Fixed rate ISAs keep their hold on the charts

Fixed rate ISAs keep their hold on the charts

Category: ISAs
Date: 12/10/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Leeds Building Society has reviewed and reissued its fixed rate ISAs, enabling its one and five-year deals to maintain their hold on the Moneyfacts charts.

The basics…

1 Year Fixed Rate ISA Issue 76 pays a competitive rate of 1.65% on maturity (30.11.16), while its five-year counterpart (Issue 50) pays a yearly rate of 2.45% until 30.11.20 (first interest payment will be 30.11.16), allowing both to remain among the top 10 accounts of their respective sectors.

The finer details…

These accounts can be opened in branch, by post and online with an initial deposit of at least £100. They can then be managed in branch or by post.

Further additions can be made until 30.11.15 and transfers in of existing cash and stocks & shares ISAs are accepted. Savers will also be pleased to see that up to 25% of invested funds can be accessed early without penalty, although exceeding this limit will result in the loss of 60 days' interest for the one-year ISA and a hefty 365 days' interest for the five-year variant. These respective penalties will also apply to transfers away from these accounts.

Why we like them…

These ISAs continue to offer savers competitive rates of interest, which has allowed them to remain on the charts. The fact that they also welcome further additions and early access to a portion of the invested funds adds to their overall appeal and is certain to keep them on the radar of eager savers.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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