New 18-month ISA enters the top 10 | Product News - Moneyfacts

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New 18-month ISA enters the top 10

New 18-month ISA enters the top 10

Category: Savings
Date: 16/01/2015

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 It is now over 6 months old so the content may be out of date.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 unleashed a competitive new 18-month ISA onto the market, earning it a spot among the top 10 of the Moneyfacts charts.

The basics…

18 Month Fixed Rate ISA Issue 4 pays a competitive rate of 1.65% on maturity, allowing it to comfortably sit among the top 10 accounts in its sector.

The finer details…

This account can be opened in branch, by post and online and then becomes postal or branch operated. An initial deposit of at least £100 is required.

Further additions are welcomed until 27.2.15 and transfers in of cash ISAs are also permitted. Unusually, 25% of the invested funds can be withdrawn penalty-free, after which a penalty of 105 days' loss of interest will occur. Transfers away from this account will also trigger the same penalty.

Why we like it…

This deal offers savers not only a competitive rate but also a great deal of flexibility. The option to make both further additions and access a portion of invested funds penalty-free are terms that savers are likely to find very appealing, ensuring this ISA's status as a Moneyfacts best buy.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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