Cash ISA Rates Reach New High (6.25%) - Savings - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Cash ISA Rates Reach New High (6.25%)

Cash ISA Rates Reach New High (6.25%)

Category: Savings

Updated: 19/07/2017
First Published: 25/02/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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:

  • 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."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Close