Easy ISA launched by Alliance & Leicester
www.moneynews.co.uk > General finance > Easy ISA launched by Alliance & Leicester
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Money News |
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Easy ISA launched by Alliance & Leicester
Wed 2nd Jul 2008
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The Easy ISA replaces the Direct ISA Issue 4, which is now closed to new business.
It offers telephone and internet banking, with a maximum subscription of £3,600 in a tax year and transfer in ISA funds from other ISA providers (though not from another Alliance & Leicester ISA).
New and existing Alliance & Leicester customers are eligible.
Hetal Parmar, manager for savings at Alliance & Leicester, said the ISA is "just a simple savings account, except that the interest is paid without tax being taken off."
ISA sales have been on the increase in the past year.
Net retail sales fell from £1.1 billion a year ago to £653.3 million in May, newly released figures from the Investment Management Association (IMA) show.
But ISA sales rose £18.3 million to £198.3 million.
Related News : General finance |
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Related News : Alliance & Leicester |
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