Britannia ISA at 6.55%
Friday, 28 Sep 2007 17:12
Britannia Building Society is launching a fixed rate mini cash ISA at 6.55 per cent AER.
The ISA is available immediately for those with a minimum investment of £3,000.
Interest on the ISA is paid annually on October 31st - and early closure or transferring out incurs a 180-day compulsory loss of interest.
Neville Richardson, group chief executive of Britannia, said: "Our recent research showed that almost half of the population have never opened an ISA and are missing out on the benefits of tax free savings.
"This market leading Mini Cash ISA will enable savers to make the most of their tax free allowance and save with Britain's best mutual. What's more, because we're fair, customers who open our new ISA will also qualify for Britannia's Membership Reward and receive a share of our profits."