Bradford & Bingley launches best buy one-year mini cash ISA

Bradford & Bingley has launched a one-year mini cash ISA with a fixed interest rate of 5.90% tax free p.a./AER, to help savers make the most of their tax-free savings allowance before the current tax year ends on 5 April.

The limited edition ISA is ideal for customers who have not yet made use of their tax-free ISA allowance for the 2006/7 tax year and are looking for a premium fixed return on their savings.

The account, which requires a minimum opening balance of £1000, is available until 5 April (or before if accounts sell out). It can be opened by logging onto bradfordandbingley.co.uk.

Steve Potter, head of savings at Bradford & Bingley, said: “With the end of the current tax year fast approaching, now is an ideal time for savers who don’t have a mini cash ISA to take advantage of our best buy deal while it is still available.

“Putting money in a mini cash ISA enables savers to get the most from their money without paying tax on it, which makes it a great way of saving for the future.”