NatWest launches new internet-only ISA

The e-ISA offers a highly competitive rate of interest for customers who enjoy the ease of on-line banking, and benefits from an AER guaranteed to match or better Bank of England Base rate until at least July 2009.

The NatWest e-ISA can be opened with as little as £1 and pays an attractive rate of interest of 6% AER. This rate is backed by the longest base rate guarantee of all internet based ISAs currently available.

The account, which is accessed through NatWest’s on-line banking service, natwest.com,offers instant access with interest paid monthly. Customers will need to open a NatWest instant access account which will be used for any deposits or withdrawals from the e-ISA, with subscriptions subject to current cash ISA limits of £3,000 per tax year.

Elaine Hartley, Head of Retail Savings and Investments said: ‘This e-ISA compliments our existing range of branch and internet based savings accounts, offering a highly competitive interest rate with the reassurance of a market leading Bank of England base rate guarantee.’