Britannia launches 5.85% mini cash ISA
Wednesday, 14 Mar 2007 15:00
Britannia has launched a new mini cash ISA paying a fixed rate of 5.85% AER/tax-free interest.
The new account can only be opened with £3,000, which cannot be added to in the rest of the year financial year.
However, customers opening the ISA before the tax deadline of April 5th can also invest next year's allowance into the account, letting them invest another £3,000 or transfer existing mini cash ISA balances from previous tax years.
"Every saver should use their annual tax-free ISA allowance and the new fixed-rate mini cash ISA is a fantastic product with a fantastic rate," said Tim Franklin, managing director of member business at Britannia.
Features:
Rate fixed at 5.85% AER/tax-free until the close of business on April 5 2008.
There is limited availability on the ISA.
Interest paid annually on April 5th.
On maturity on April 6th 2008, account transfers to Britannia's variable instant access mini cash ISA.