Leeds Building Society has introduced a new four-year fixed rate ISA to its range, earning a place on the Moneyfacts charts thanks to its competitive rate and terms.
4 Year Fixed Rate ISA pays a competitive yearly rate of 2.35% until 30.10.19, allowing it to sit comfortably among the top 10 accounts of its sector.
This account can be opened in branch, by post and online and managed in the same way except online. An initial deposit of at least £100 is required.
Further additions are accepted until 30.11.15, and it is also possible to transfer in existing ISA savings. Unusually for this sector, up to 25% of invested funds can be withdrawn penalty-free; however, additional withdrawals will then attract a penalty of 300 days' loss of interest, the same penalty as applies to transfers away.
This competitive offering is likely to garner plenty of interest thanks to its eye-catching rate and attractive terms. The fact that this account allows up to 25% of invested funds to be withdrawn is a definite bonus for those who may be unsure about locking their money away, while the ability to add further funds and transfer in existing savings adds another level of flexibility.
Moneyfacts rating: Excellent
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