Alliance & Leicester cut ISA and e-saver rate to 2.5%

Wednesday, 01 April 2009 12:00

Alliance & Leicester has reduced the variable rates on both its e-saver account and direct ISA to 2.5 per cent.

For the ISA, the minimum deposit is £1, but deposits under £9,000 receive a rate of two per cent.

There are no penalties for withdrawals and transfers from previous ISAs are allowed. The rate includes a 12 month variable bonus of 1.5 per cent.

The online saver also requires a minimum of £1 with the maximum set at £2 million.

Variable rate includes a bonus of at least one per cent - payable until April 2010. Unlimited withdrawals are allowed.

Compare savings rates and savings accounts.

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