Barclays has announced a new range of savings accounts, including what it says is the best cash individual savings account (Isa) on the market.
According to the bank the Tax Haven Isa offers an interest rate of 6.5 per cent, which includes a one per cent bonus for 12 months.
Lee Chiswell, Barclays' head of savings, said: "We believe this is the best rate available for any cash ISA on the market at the moment, paying a massive 1.25 per cent above the Bank of England base rate ."
He added that customers who had not already put money in to an Isa in the current tax year to apply for one as soon as possible so they do not lose their annual Isa allowance.
Barclays has also launched two other savings accounts, Active Savings and Nest-egg Savings.
The maximum amount people can invest in a cash Isa will increase from £3,000 per tax year to £3,600 from April 6th 2008.
Barclays launches new Isa
Barclays launches new Isa
Wed, 27 Feb 2008
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