NS&I direct ISA ups interest rate to 6.05%
Friday, 11 May 2007 17:42
The interest rate paid on NS&I's Direct ISA will rise from 5.80% per annum to 6.05% effective immediately.
The move follows the Bank of England's decision yesterday to increase the UK's underlying interest rate from 5.25% to 5.5%.
The NS&I's Direct ISA is guaranteed to be at least 0.55% above base rate until April 5th 2008.
Direct ISA key features
Invest online and by phone only with a debit card
Interest rate guaranteed to be 0.55% above base rate until at least 5 April 2008
Consistent interest rate: no short-term introductory bonus
Convenience of opening and managing account online and by phone
Minimum deposit: £1,000
Minimum further deposit: £250 (or £100 by standing order)
Minimum withdrawal: £250 to nominated bank account
All interest free of UK income tax