Performance ISA launched by BMW

BMW Savings has launched a new ‘Guaranteed BMW Performance ISA’ - offering a market-leading rate of 6.57 % Gross/AER fixed until 05 September 2008.

The ‘Guaranteed BMW Performance ISA’ is a one year fixed rate Mini Cash ISA and can be opened from as little as £100 – up to a maximum of £3,000. Funds are strictly limited and no ISA transfers are accepted. A Direct Investment Bond is also available.

Enquiries and applications can be made to BMW Savings online at bmwsavings.co.uk.

Bob Chamberlain, General Manager - Banking, BMW Group Financial Services said: “One of the appeals of the BMW brand is its guarantee of performance – whether in motorsport, our vehicles or financial services. We think that the Guaranteed BMW Performance ISA will appeal to BMW Drivers looking to improve their investment performance, as well as a significant number of UK savers interested in experiencing the rewards of BMW performance.”

At the same time, the ‘BMW eSaver’ account – a flexible, no-notice savings account which can be operated either online or by telephone – reacted to last week’s Bank of England decision by increasing its variable rate to 6.00% Gross/AER.