Child saving plans

Mar 8 2006

New ISA from Abbey

Abbey has launched a new Instant Access ISA offering a savings rate of 4.6 per cent.

The new product will be available from March 8th until May 31st and offers one of the best available rates when compared to other market mini cash ISAs.

It offers the flexibility of a cash card and both new and existing customers are eligible for the Instant Access ISA.

The minimum account balance is £1 and no transfers can be made into the account from other ISAs.

Pak Chan, Abbey investment spokesperson, said: "We know that access to mini cash ISAs is important because one in four of our existing ISA customers makes around six withdrawals every year.

"With this in mind, we've made access to this account as convenient as possible, not only through the ATM but also branches, post, online and phone.

"Our new account offers flexibility as well as one of the best rates on the high street for branch based accounts between £1 and £3,000."

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