Nationwide launches new issue of its Online Cash ISA
Wednesday, 09 November 2011 02:20
Nationwide Building Society has announced that it will launch the second issue of its Online Cash ISA on Friday (November 11th 2011).
The financial services provider said the product will impart a competitive option for people who want to make the most of their tax-free ISA savings allowance.
Savers will be offered an annual interest rate of between 2.75 per cent and 3.10 per cent depending on the amount they pay in, as long as their balance is £1,000 or more.
There will also be a fixed introductory bonus for those who open a new account before January 31st 2013.
The ISA can be accessed instantly for withdrawals and has a minimum operating balance of just £1.
Nationwide's head of savings Richard Marriott said it is important for Britons to maximise the amount they can save tax-free this financial year.
"Online ISA is likely to be attractive to those savers wanting to transfer in order to get a higher rate," he added.
Use the Myfinances.co.uk comparison tables to find the best deal on a new ISA
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