Leeds launches new tax-free savings accounts

Leeds Building Society has launched a new range of tax-free savings accounts.

The products are designed to compliment its two-year fixed rate Isa and Toisa.

Leeds said the new products are specifically designed to offer a combination of a good tax free rate of return and flexibility of access to a portion of the funds without notice or penalty.

Stuart Fearn, product development manager said, “These accounts offer an excellent combination of a highly competitive rate of return over two and three years and give customers a choice, enabling them to take a guaranteed fixed rate or track base rate.

“All the products also provide flexibility and peace of mind by allowing one penalty free withdrawal of a portion of the initial capital invested without notice or penalty. The minimum investment is also only £1, making them available to all investors and we expect this unique combination of features to be extremely popular.”

The new products include a three-year fixed rate and two and three-year Bank of England base rate trackers.

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