Scarborough Isa 'encourages saving'
www.moneynews.co.uk > Banking > Scarborough Isa 'encourages saving'
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Scarborough Isa 'encourages saving'
Tue 22nd May 2007
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Launching this week, the Scarborough account will pay at 5.85 per cent for the period of the term, allowing consumers to invest up to £3,000.
It will also enable the flexibility to allow consumers to get penalty-free access to half of the money they invest, while funds can also be transferred from existing Toisas or Isas from other providers.
Tony Burdin, Scarborough's head of group marketing, said: "As a mutual building society, we believe we have a responsibility to encourage people to save and rewarding them for making the most of the tax free benefits Isas offer is a key aspect of that.
"With interest rates rising several times in recent months, we hope our new Isa will meet the needs of people looking to lock into the great returns now available," he added.
The Scarborough Isa is available at branches or customers can also find out more from the group's website.
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