Lloyds TSB Isa set for roll out

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Lloyds TSB Isa set for roll out

Tue 6th Mar 2007

Those people looking to invest in a cash Isa before the end of the tax year might be tempted to seek out two competitive deals being offered by Lloyds TSB and Scottish Widows.

From tomorrow, the Lloyds TSB cash Isa will be available to savvy customers.

The 12-month cash Isa offers 50 per cent more interest if no withdrawals are made on the account during the fixed-rate period.

Available for a limited period of time only until April 5th, the Lloyds TSB Isa package necessitates a minimum opening balance of £3,000, although customers can transfer Isas from previous years.

Liz Hogbin, head of savings at Lloyds TSB, said: "The tax year end is looming and people need to act now to take advantage of their annual Isa allowance if they haven't already done so."

A Scottish Widows Isa will also enable, for a minimum investment of £1,000, a 50 per cent discount also on initial charges.

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