Savings boost in an instant with new Abbey Isa

By SYLVIA MORRIS, THIS IS MONEY AND DAILY MAIL SAVINGS EXPERT
Updated:

Abbey has launched a new version of its Instant Access Saver account paying 2.4 per cent after savings tax (3 per cent before) on a minimum of £1,000.

It makes it one of the best deals around in the High Street, where many accounts pay you just 0.08 per cent (1 per cent).

The rate on the new account, Instant Access Saver 3, is boosted by a 1.2 percentage point (1.5 point) bonus paid for the first 12 months.

Saving choices: Abbey has just launched a new Isa with a good rate

Saving choices: Abbey has just launched a new Isa with a good rate

It makes it an attractive account that you can open over the internet or telephone and then run through its branches and over the phone.

However, be prepared to move your money once your bonus runs out.

Savers in the first issue of this account, Instant Access Saver, launched in April 2008, and Instant Access Saver 2, on sale between July 2008 and last week, earn 2 per cent (2.5 per cent).

The rate for both includes a 0.8 point (1 point) bonus paid for the first 12 months.

Savers in these older issues cannot transfer their their money into the newer account.

Anyone who already has an Instant Access Saver account cannot transfer to this one.

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