People looking to begin saving money may be interested to know about a new offer from Alliance & Leicester.
The financial services provider is launching a new premier individual savings account, which is exclusively available to people who have opened one of its premier current accounts.
With a minimum investment of £1 and a maximum investment of £3,000 per tax year, the savings account is available to banking customers aged 21 years old or over.
Moreover, the savings account offers savings rates of seven per cent annual equivalent rate and it is guaranteed to stay at least one per cent above the base rate, which might reassure customers expecting several rate hikes over the coming months.
Commenting, Ross Dalzell, manager for savings at the financial services provider, said: "Alliance & Leicester's current accounts are recognised as being among the best on the market and this new ISA [individual savings account] offer makes it even more attractive to switch."
Individual savings accounts were introduced by chancellor Gordon Brown in 1999.
They are a tax free savings account conceived as an easy-to-understand savings vehicle that might encourage more consumers to start saving money on a regular basis.
Alliance & Leicester announces new offer to help people start saving money
Alliance & Leicester announces new offer to help people start saving money
Thu, 08 Feb 2007
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