Money News
Abbey is to launch a new Super ISA (Issue 2), paying the equivalent of a 10% AER tax-free rate from March 3rd for 13 months. The Super ISA is a cash ISA and is available if customers put an equal amount or more into Abbey's tax efficient Guaranteed Growth Plan or any other qualifying investment. Minimum investment in the Guaranteed Growth Plan is £1,500.
Deposits in the stockmarket linked Guaranteed Growth Plan are invested for the longer term offering a minimum return of either 6% (on 3.5 years) or 18% (6 years). Your original capital is guaranteed regardless of what happens to the stockmarket.
The Guaranteed Growth plan also provides the potential for capital growth through offering savers the greater of either the minimum guaranteed return or 50% of any growth of the FTSE 100 index. This approach is particularly suitable for those who wish to invest in the stock market, but are concerned about potential downside or market volatility.
For customers not wishing to save for the longer term, Abbey will be launching a Direct ISA (issue 2) - also on March 3rd - this deal offering 6.25% from £1, and with instant access.
26 February 2008 © Moneyextra.com
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