Britannia: Tax free high rate

Britannia has launched a new mini cash ISA with a fixed rate of 5.85 AER/tax free percent.

And to allow savers to maximise from tax free benefits, it can only be opened with £3,000 - which is also the maximum ISA investment for the year.

Customers opening the ISA before April 5 2007 can also invest next year's allowance into the account, meaning they will be able to invest a further £3,000 or transfer existing mini cash ISA balances from previous tax years.

The ISA does not rely on being linked to any other Britannia account and customers can also transfer existing ISAs from other organisations.

Tim Franklin, Managing Director of Member Business, said: "Every saver should use their annual tax free ISA allowance and the new fixed-rate mini cash ISA is a fantastic product with a fantastic rate."

The ISA is available at britanniaisa.co.uk.