Abbey Isa 'competitive'

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Abbey Isa 'competitive'

Tue 1st May 2007

Abbey aspires to encourage a savings mentality by offering its Super Isa deal throughout the financial year.

From today, customers who invest the same amount or more in the group's guaranteed growth plan will receive a highly competitive rate of 8.1 per cent on its Isa.

The group claims that the Abbey Isa enjoys a rate that is 1.6 per cent higher than the next highest available on the market.

On offer to both new and existing customers, the Abbey Isa will provide its highly competitive 8.1 per cent rate until May 1st 2008, before reverting to Abbey's Direct Isa percentage.

Requiring a minimum investment of £500, the Abbey Isa's interest is calculated daily, while consumers are not penalised for withdrawals.

The guaranteed growth plan element of the Abbey package, also requiring a minimum investment of £500, guarantees a minimum return of nine per cent over a three-year period.

Reza Attar-Zadeh, head of savings and investment at Abbey, said: "Abbey is committed to encouraging a culture of saving.

"Investors may wish to take advantage of their tax free Isa allowance throughout the year, so we will continue to offer our market leading Super Isa deal throughout the year," he added.

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