With only a couple of days to go until the tax year end, Leeds Building Society has launched a new Branch Access Cash ISA at 4.35%.
The changes will make the Society’s branch member Cash ISA one of the top paying accounts on the market.
The rate improvements from Leeds will come as good news for those looking to deposit funds.
1 Year Double Access Cash ISA
As we approach the tax year end, savers will be looking at their accounts to ensure their money is working as hard as possible for them. To help work out how much savers could be earning, they can use an online savings calculator to find the best product to suit their needs.
Catherine Wray, Senior Manager for Savings at Leeds Building Society, said:
“Cash ISAs remain very popular with our members. In 2024, we saw a huge increase in demand for cash ISAs, and new ISA account openings were four times higher than in 2020.
“Many savers value face-to-face service and we hope this account will be popular among those who prefer to manage their money at a local branch.
“The potential changes to the current £20,000 annual allowance on Cash ISAs underlines the importance of people reviewing their savings. It’s crucial that savers don’t overlook the opportunity to open new ISA accounts or transfer their existing savings into another Cash ISA before the tax year ends.”
Last month it wrote to the Chancellor of the Exchequer to highlight the concerns of the Society and its members regarding the potential cut in annual allowance, warning it could lead to increased tax bills for savers and mortgage repayments for borrowers.
In 2024, Leeds Building Society generated the equivalent of £175million in extra interest for members, as a result of paying 0.79% above the market average rate
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