Leeds Building Society has announced plans to launch two market leading ISAs on Saturday 6th April. The 1 Year Fixed Rate ISA (Issue 46) will pay 2.45% tax free/AER, fixed until 30/04/2014. Accounts can be opened online, in branch or by post with £1. The ISA is for 2013/2014 tax year subscriptions only, transfers from previous ISAs are not allowed. Withdrawals are allowed without notice or penalty of up to 25% of the balance, further withdrawals will be subject to 90 days loss of interest.
The second ISA being launched will be a market leading variable rate ISA. The Online Bonus ISA will pay 2.55% tax free/AER, including a 1.25% bonus until 30/04/2014. There are no withdrawal restrictions and transfers from previous cash ISAs are accepted. Accounts can be opened with £1, online only.
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