Email to a friend

Cash ISA Rates Reach New High (6.25%)

Alliance & Leicester is launching a new 'best buy' version of its popular Direct ISA account - Direct ISA Issue 4. The Direct ISA Issue 4 is a mini cash ISA and will be available from Friday 8 February at Alliance & Leicester branches or online at www.alliance-leicester.co.uk.

Direct ISA Issue 4 offers:

Article continues below

• A best buy rate of 6.25% gross pa/AER, including a 1.00% bonus until 31 May 2009
• Easy access using Telephone or Internet Banking
• Minimum balance: £1
• Maximum investment dependent on ISA regulations (£3,000 in the current tax year, and £3,600 per tax year from 6 April 2008). Transfers of existing ISA balances will be accepted
• Deposits and withdrawals are  made via a linked current account using Telephone or Internet

Ewan Edwards, Manager for Savings & Investments at Alliance & Leicester comments: "Our Direct ISAs have proved to be extremely popular, offering great rates and the convenience of 24 hour access.  Tax-payers would need to find an account paying 7.50% - even more for higher rate tax payers - to match the rate on Direct ISA Issue 4."

Find out more:

• Read about Cash ISAs
• Compare Cash ISAs