3.1% Isa launched by National Counties

National Counties Building Society has launched a 45 Day Notice Cash Isa ahead of the new tax year.

The cash Isa offers a variable interest rate up to 3.10 per cent tax-free AER for balances of £35,000 and above.

It is tiered to reward balance growth as new deposits are made to take advantage of the annual Isa allowance, with interest starting at two per cent for minimum balances of £3,000.

There are no limits to the number of withdrawals that can be made, although 45 days' notice is required to access the Isa.

National Counties commented: "The First Issue 45 Day Notice Cash Isa can be operated by post, telephone, online or at the National Counties branch in Epsom."

Last week, totallymoney.com claimed that Isas, given their tax-free status, are the best place for consumers to start saving.

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2010-03-02 12:48:23 © Moneyextra.com