Tax free savings from Britannia

Britain's second largest mutual has this week launched a new Fixed Rate Mini Cash ISA with a massive rate of 6.55% AER/tax free fixed until 31st October 2008.

Available immediately, the new Mini Cash ISA with a minimum investment of £3,000, allows savers to make the most of this year's tax free allowance.

Neville Richardson, Group Chief Executive of Britannia, said: "Our recent research showed that almost half of the population have never opened an ISA and are missing out on the benefits of tax free savings.

"This market leading Mini Cash ISA will enable savers to make the most of their tax free allowance and save with Britain's best mutual. What's more, because we're fair, customers who open our new ISA will also qualify for Britannia's Membership Reward and receive a share of our profits."

Britannia's Mini Cash ISA is not linked to any other accounts and customers can also transfer existing Mini Cash ISAs from other organisations into this account.