High interest rate ISA from The Nottingham

Nottingham Building Society (The Nottingham) has launched a brand new Fixed Rate ISA with a guaranteed rate of 4% tax- free p.a./AER until 5 April 2013.

This new ISA is perfect for savers looking to transfer their ISA savings to earn a better interest rate as well as paying in new ISA subscriptions. However, this is a limited issue account so savers will need to act quickly if they wish to take advantage of The Nottingham's new 4% ISA product.

To open the new 4% account a saver needs £15,000, which can be any combination of previous years' ISA savings as well as the new 2010/2011 tax year ISA savings (up to a maximum of £5,100). If someone had started saving from when ISAs first started in 1999/2000 they could have invested over £30,000 by now.

Lorraine Giddings, Head of Branch Network at The Nottingham, said, "This is a great opportunity for savers to free up their ISA savings from other ISAs that pay lower rates of interest.  Savers are able to transfer funds from another ISA provider, all they have to do is complete an ISA transfer authority form and we'll do the rest.

As this is a limited issue account, which could be withdrawn without notice, we advise savers to complete the transfer form, as well as paying in their 2010/2011 allowance, as soon as possible."