Leeds BS increases ISA rates | Product News - Moneyfacts

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Leeds BS increases ISA rates

Leeds BS increases ISA rates

Category: ISAs
Date: 06/08/2015

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 It is now over 6 months old so the content may be out of date.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 increased selected rates across its ISA portfolio, with three of its new issues securing coveted spots on the Moneyfacts charts.

The basics…

Following the largest increase of 0.30%, 5 Year Fixed Rate ISA Issue 48 now pays a highly competitive rate of 2.50% yearly, sitting just below the current market-leaders in its sector. Meanwhile, its two-year counterpart (issue 69) pays 1.80% yearly, and the one-year version (issue 74) pays 1.55% on maturity.

The finer details…

All accounts can be opened online, by post and in branch, before becoming post or branch-operated. A minimum investment of £100 will be required, and transfers in of previous ISA pots are welcome.

As an added bonus, further additions can be made until 30.9.15, and unusually in the fixed rate sector, withdrawals are also permitted – access to up to 25% of the investment is allowed penalty-free, with further withdrawals resulting in 60, 150 or 365 days' interest depending on the term chosen.

Why we like it…

The rate increases to these ISAs have boosted their competitiveness across the sector, while the additional flexibilities – not only further additions and transfers, but penalty-free access to a portion of the investment – will make the accounts an even more appealing choice to those looking to make the most of their tax-free allowance.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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