first direct increases ISAs for over 50’s
October 14th, 2009
As of 6 October 2009 eligible savers who are 50 and over in the current tax year will be able to take advantage of first direct‘s new cash e-ISA offer to increase their ISA accounts with the extra £1,500 announced in the Chancellor’s Budget this year.
The e-ISA is currently paying a fixed rate of 3.00% AER (2.96% tax-free) until 9 November 2010.
Main features of the cash e-ISA are:
- savers can transfer ISA balances held with other providers from previous or current tax years
- instant access to funds with no penalty
More information on firstdirect.com site.
