Scottish Widows unveils 6% ISA
Monday, 03 Nov 2008 12:01
Scottish Widows has increased the rate on its E-Cash ISA savings account so customers can now benefit from a 6 per cent interest rate.
From today the savings account will earn savers more money after the bank added a bonus of 1.50 per cent to boost the initial AER to six per cent tax free, variable.
This rate is available for customers who want to transfer money into the ISA as well as people taking out a new cash ISA.
The account is available online so is easy for customers to access. It is available via independent financial advisers.
Mandy Webster, marketing manager at Scottish Widows Bank, said: "We are delighted to be improving an already competitive account in the intermediary market."
The bank has also increased the bonus on its Direct Transfer Account to 1.50 per cent to provide an interest rate of six per cent gross, or 5.25 per cent AER. The bonus is available for six months after the account is opened.