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first direct tops up ISAs for over 50's

29 Sep 2009

From 6 October 2009 eligible savers who are 50 and over in the current tax year will be able take advantage of first direct 's new cash e-ISA offer to top up 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.

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

Oliver Cook, Savings Manager at first direct commented: "In the current environment it's great to be able to offer a fantastic savings rate not only to the customers benefiting from the government's increased subscription limits of £1,500 but also those people who have yet to make the most of their ISA allowance for this tax year."

For further information please contact Amanda Brown on 01132766700 or amanda.brown@firstdirect.com and Rebecca Hirst on 01132766899 or rebecca.hirst@firstdirect.com

Ends

first direct was voted Best Online ISA Provider 2009 in the Your Money Awards.

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