Online fixed-rate Isa launched by Barnsley Building Society
Barnsley Building Society has announced the release of a new online fixed-rate individual savings account (Isa).
The product pays a rate of three per cent, which is fixed until December 31st 2011.
It is available to both new and existing customers and includes people who already have tax-free savings elsewhere.
Moreover, it claims to pay more than four times the interest of an average cash Isa.
Sarah Lawrence, senior product manager for savings at the organisation, noted there is currently a low interest rate environment.
The expert added she would advise consumers to check their Isa rate "as shopping around for a better deal can really pay off".
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