Abbey has introduced a new individual savings account (Isa) to the market, which claims to offer "one of the best rates available".
The Isa offers a tax-free interest rate of 4.6 per cent on a minimum opening balance of £1.
Savings account holders will get the added flexibility of a cash card for occasional withdrawals.
Access to mini cash Isas is important, says the head of investments marketing at the savings provider, Pak Chan.
Mr Chan states that a quarter of Abbey's existing Isa customers make an average six withdrawals annually.
"With this in mind, we've made access to this account as convenient as possible, not only through the ATM but also branches, post, online and phone," he explains.
The savings provider has also launched two investment Isas – a guaranteed growth plan and a property and stock market plan.
These Isas are expected to appeal to savers who would like to receive greater potential growth with a small degree of risk.
Those planning to invest in an Isa are being urged to take action, as the deadline for the opening of new savings accounts is April 6th.
New Abbey Isa claims to offer best interest rate
New Abbey Isa claims to offer best interest rate
Wed, 08 Mar 2006
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