Apr 11 2007
With the new tax year having just begun, a financial services provider has urged savers to invest in an individual savings account (Isa) as soon as possible, with the incentive of higher interest rates offered to early savers.
Alliance & Leicester reports that its premier Isa account will offer an interest rate of 8.10 per cent to savers who also open a premier current account with the firm, but adds that this offer will close at the end of the month.
The firm notes that 84 per cent of savers believe that a beneficial interest rate is the most important feature to investigate when selecting a savings account.
Ross Dalzell, manager for savings at the company, said: "While many people leave it until the last minute each year to take advantage of their annual Isa allowance, I would urge savers to turn this habit on its head and kick-start the new tax year by saving in an Isa now."
Earlier this month, Abbey reported that Britons could be missing out on up to £3 billion in interest by delaying their Isa investment to the end of the tax year.
