With the new tax year upon us, Bradford and Bingley has launched a new mini cash Individual Savings Account (ISA).
The new tax-free savings product will pay 5.1 per cent interest, fixed for one year, with a maximum lump sum investment of £3,000. Savers who are on the ball will earn a guaranteed £153 interest by the end of the tax year.
The ISA is a limited edition offer and so Steve Potter, head of savings for Bradford and Bingley, urged investors to act quickly.
"We're rewarding those people who are quick off the mark this tax year with a great rate," he declared. "Making the most of your tax-free savings allowance should be a top priority for savers."
Interest is paid annually on the anniversary of the opening of the account and withdrawals are not permitted before this date.
ISAs have proved a popular choice with savers since their inception in 1999, as they offer a tax-free way of saving. With fixed-rate and variable-rate options available through different ISA investment packages, they offer something for every saver.To find out more on ISAs, click here.
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