Barnsley Building Society e-Isa 'features low minimum deposit'
www.moneynews.co.uk > Banking > Barnsley Building Society e-Isa 'features low minimum deposit'
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Barnsley Building Society e-Isa 'features low minimum deposit'
Fri 18th Feb 2011
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Customers will only be able to get the product online and the minimum deposit required to open an account is £100.
Lynne Pepper, Yorkshire savings product manager, commented: "At a time when individuals are feeling stretched due to increases to inflation, as well documented in the media, we have also ensured the minimum deposit is £100."
She noted that this would benefit those who have only limited funds to invest, adding that people should ensure they use their full Isa allowance to make their savings do as much work as possible.
It is possible to invest up to £10,200 this tax year, of which £5,100 can be in a cash Isa.
Standard Life has also launched a new online Isa which enables people to assess the level of risk they are comfortable with when investing their money.
Click here for more banking news
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