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Leeds Building Society rolls out new ISA

Tracker ISA Plus will pay bank base rate plus 0.75%

The key features of Tracker ISA Plus include: fixed end date of February 28, 2010; interest paid annually on April 5, commencing April 5, 2009 and on maturity and can be added to the account, transferred or paid to another account with the society; minimum investment of GBP1 and maximum investment of GBP3,600 plus previous years’ investments, said Leeds Building Society.

The new individual savings account (ISA) also allows access to up to 25% of the initial amount invested at any time, without notice or penalty, added Leeds.

Kim Rebecchi, director of sales and marketing at Leeds Building Society, said: This is a simple, straightforward tax-free product paying 0.75% above bank base rate and complements our existing ISA range which includes a five-year Escalator ISA, an Inflation Buster and instant branch and online ISAs. This tracker also allows an unlimited number of withdrawals of up to 25% of the initial amount invested, without notice or penalty, providing additional flexibility and peace of mind.