Market-leading 5yr ISA from Leeds | Product News - Moneyfacts

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Market-leading 5yr ISA from Leeds

Market-leading 5yr ISA from Leeds

Category: ISAs
Date: 16/05/2014

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 It is now over 6 months old so the content may be out of date.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 launched a new market-leading five-year ISA which heads straight to the top of the Moneyfacts best buys.

The basics…

The 5 Year Fixed Rate ISA Issue 38 pays 2.85% to 30.6.19. Unusual in the fixed ISA market, this product has the advantage of penalty-free withdrawals of up to 25% of the initial investment.

The finer details…

The product can be opened in branch, by post or online and can then be operated by branch or post. A minimum investment of £100 is required.

Further additions are allowed whilst the issue remains open and customers will be able to top up to the 2014/15 allowance of £15K during July 2014, however, the account does not accept transfers in from other ISAs. After the initial penalty-free allowance, earlier access to the full amount is permitted on the loss of 180 days' interest.

Why we like it…

With its market-leading rate of interest and the option to withdraw up to 25% of the investment penalty-free adding to the benefits, this is a great deal for those that are looking for longer-term savings.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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