Time running out for new Isa savings account deal

Fri, 07 Apr 2006

There are only a few days left to take advantage of a new Isa savings account deal for the new tax year.

Savers are being offered the chance to open an Isa savings account with Alliance &Leicester with an interest rate bonus of 0.7 per cent on their savings, which is fixed until April 30th 2007.

The special offer interest rate is only available on the Direct Isa Issue 2 account before April 11th.

But if savers move quickly, they'll be able to open a savings account with a variable annual equivalent rate of 5.2 per cent of their savings.

Mike Woodward from Alliance &Leicester hopes that more people will use the start of the new tax year to make a resolution to adopt better savings habits and make the most of the tax benefits an Isa savings account can offer.

"While many people seem to leave it until the last minute to take advantage of their annual Isa allowance, I would urge savers to turn this on its head and kick-start the new tax year by saving in an Isa now," he said.

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