Abbey's super ISA offers 8.1%
Abbey's Super ISA is now the only ISA offering 8.1% interest.
The super ISA is a mini cash ISA that offers 8.1% AER interest tax-free if customers invest an equal amount or more into Abbey's Guaranteed Growth Plan.
This allows instant access to money placed in the super ISA, while deposits in the Guaranteed Growth Plan are invested for the longer term (three or five-and-half years).
The minimum investment in the new super ISA is £500, as long as another £500 is placed in the Guaranteed Growth Plan.
The 8.1 per cent AER rate is guaranteed until May 1st 2008, when the Super ISA reverts to Abbey's Direct ISA.
"Abbey is committed to encouraging a culture of saving," said Reza Attar-Zadeh, head of savings and investments at Abbey.
"Investors may wish to take advantage of their tax free ISA allowance throughout the year, so we will continue to offer our market leading Super ISA deal throughout the year.
"We have received very positive feedback from our customers on the Super ISA. We spent a large amount of time researching this product, and really getting to understand our customers' needs."
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