Barclays Isa for 2008 launched

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Barclays Isa for 2008 launched

Barclays Stockbrokers launched its 2008 individual savings account (Isa) today, called the Investment Isa.

It has been designed to cater specifically for the differing needs, objectives and risk profiles of investors.

Financial instability and market uncertainty has left 30 per cent of investors unsure about whether they should "house within their Isa" this year, according to new research.

Barclays is therefore offering a product that provides investors with access to a number of different asset classes, with varying risk levels.

It is also offering Isa investors commission rates from £6.95 per online trade, when trading eleven or more times per calendar month.

Those opening a new Investment Isa account with Barclays will incur a flat administration fee, which varies depending on the amount of money held.

For balances of up to £7,500 a charge of £30 per year will be made, while investors with balances over £7,500 will pay £50 per year.

Amy Nauiokas, managing director and head of Barclays Stockbrokers, said: "Isas are an important tax-efficient addition to any investment portfolio and we believe investors should be offered a wide choice of products and detailed information on these products."

Bradford & Bingley announced earlier this week that it is to launch three new limited-edition Isas.
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