Clydesdale Bank cash Isas 'a fantastic opportunity'
www.moneynews.co.uk > Banking > Clydesdale Bank cash Isas 'a fantastic opportunity'
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Clydesdale Bank cash Isas 'a fantastic opportunity'
Tue 1st Mar 2011
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The new products come with interest rates of three per cent and 4.25 per cent gross/AER and have a choice a fixed term of either one or five years.
Available with a minimum opening balance of £2,000, the cash Isas do not allow withdrawals for the duration of the product.
Interest is calculated daily on the tax-free account and is paid to the holder on maturity of the product's term.
Steve Reid, retail director for Clydesdale Bank, said: "Our two new fixed-rate Isas give people a fantastic opportunity to maximise the return on their savings. Both rates are competitive in the current marketplace, offering attractive, guaranteed returns tax free."
Recently, moneynet.co.uk stated that choosing a fixed-rate Isa could be the best option this year to protect savings from being taxed amid concerns of rising inflation.
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