National Counties launches 45 Day Notice Cash ISA

On Monday 1st March, National Counties Building Society will launch its 1st Issue 45 Day Notice Cash ISA, in readiness for the start of the new tax year after Easter on Tuesday 6 April.

This new Cash ISA offers a competitive variable interest rate up to 3.10% tax-free AER for balances of £35,000 and above. The new account is tiered, to reward growth in the balance as further subscriptions are paid in each tax year, and starts at 2.00% tax-free AER for the minimum balance of £3,000.  The 1st Issue 45 Day Notice Cash ISA will also accept transfers of previous tax-years Cash ISA balances, which will help savers achieve the maximum interest rate of 3.10% tax-free AER by combining their Cash ISAs in one place.

National Counties is offering the 1st Issue 45 Day Notice Cash ISA with no introductory or conditional bonuses and there are no limits to the number of withdrawals although, as the name of the product implies, withdrawals are only available after just 45 days notice so savers need to plan ahead to access their money.

Whilst it is being launched now, the 1st Issue 45 Day Notice Cash ISA will be available for the start of the tax-year on 6 April 2010 allowing savers using the increased allowance of £5,100 to immediately achieve the interest rate of 2.50% tax-free AER for balances over £5,000. The 1st Issue 45 Day Notice Cash ISA can be operated by post, telephone, online or at National Counties branch in Epsom.

For more details of the 1st Issue 45 Day Notice Cash ISA, visit ncbs.co.uk.