UK-based Leeds Building Society has launched its new suite of individual savings accounts products, available for two-, three- or five-years, paying up to 3.5% interest tax free.
The society has said that all the products in the new individual savings accounts (ISAs) range allow transfers in of previous years’ ISA subscriptions from other providers. Customers can use these products to pay in their GBP3,600 allowance from the 2008/2009-tax year, if they have not already done so, as well as their new allocation for the 2009/2010-tax year from April 6, 2009.
The new two-year fixed rate ISA pays 3.15%; the three-year fixed rate ISA pays 3.25%; and the five-year fixed rate ISA pays 3.50% tax-free.
Kim Rebecchi, director of sales and marketing at Leeds Building Society, said: Our new fixed rate ISA range is also available for transfers in from other providers, meaning that customers can make life easier by having all their tax free savings in one place.
The new products also allow the flexibility and peace of mind of withdrawals of up to 25% of the capital without notice or penalty. With the end of the tax year in sight, I would encourage people to act quickly to use up their annual GBP3,600 ISA allowance, which runs out on April 5, 2009.
