Only 20 days left to bag 10% on your ISA

Alliance & Leicester’s Premier ISA Issue 2 paying 10% pa gross/AER, which is offered to new customers opening an Alliance & Leicester Premier current account, will only be available for another twenty days – offer ends Sunday 20 April 2008. For existing Premier account customers, this offer will continue beyond 20 April.

The market leading Premier ISA offer is designed to encourage people to take advantage of their annual ISA allowance and offers a simple and straightforward way to save, along with instant access to funds.

While eight out of ten savers (80%) cite a good rate of interest as the most important factor when choosing a savings account, less than half this number (42%) identify not paying tax on their savings as an important consideration. Yet 20% in tax is automatically deducted from the interest paid on all non-ISA savings accounts – reducing the actual interest rate on an account paying 5% to just 4% and making the rate far less competitive than many savers might think.

Hetal Parmar, Manager for Savings at Alliance & Leicester said: “What better way to get the new tax year off to a great start, than with an ISA paying a market leading interest rate of 10%? The clock is now ticking and I would urge anyone who hasn’t already taken advantage of this offer, to do so before time runs out.

“A cash ISA is a simple savings account which pays tax free interest. It’s a great way to make sure the tax man doesn’t get his hands on your hard earned savings.”

Premier ISA Issue 2 offers customers a simple and straightforward way to save, along with instant access to their funds and no risk to capital.

The Premier ISA Issue 2 offers:
A market leading interest rate of 10% gross p.a./AER (variable)
Minimum investment £1, maximum investment £3,000 for the current tax year (increasing to £3,600 per tax year from 6 April 2008).
Funds accessible via Internet and Telephone Banking using the linked Premier current account – no notice for withdrawals.
Interest paid annually on 1 January.

For more information, visit alliance-leicester.co.uk.