Leeds increases fixed ISA rates | Product News - Moneyfacts

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Leeds increases fixed ISA rates

Leeds increases fixed ISA rates

Category: ISAs
Date: 06/02/2014

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 It is now over 6 months old so the content may be out of date.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 BS has increased rates on its one and two-year fixed-rate ISAs.

The basics…

The 1 Year Fixed Rate ISA (Issue 55) now pays 1.75% yearly until maturity on 31.3.15, whilst the two year option (Issue 51) pays 2.00% yearly until 31.3.16.

Unusual in the fixed ISA market, these products have the advantage of penalty-free withdrawals of up to 25% of the initial investment.

The finer details…

The accounts can be opened in branch, by post and online but must then be operated in branch or by post. A minimum investment of just £1 is needed and further additions can be made whilst the issues remain open.

After the initial penalty-free allowance, earlier access to the full amount is permitted on the loss of 90 or 120 days' interest depending on the account chosen.

Why we like them…

Both the one and two-year ISAs sit comfortably in the Moneyfacts best buys with their competitive rates, and the option to withdraw up to 25% of the investment penalty-free adds to the benefits.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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