Over-50s looking for a market-leading rate on their Isa savings account may be interested in a new product from Principality Building Society .
With interest of 3.8 per cent AER, customers can take advantage of the high-rate tax-free savings option from Monday (September 21st) as well as increased allowances coming in in October.
The fixed-rate account has its interest locked until 2012 and older people looking to put their money away can do so with up to £5,100 of their savings, compared to the previous level of £3,600.
James Wright, marketing director of Principality Building Society, said: " Over-50s savers have a great opportunity to maximise their investments with the launch of the higher Isa limits, so Principality's new Isa has been designed to help them make the most of that opportunity."
Fidelity International recently urged the older generation to make the most of the changes in Isa allowances, with a collective £63 billion which could potentially be sheltered from the taxman.
Principality launches savings Isa for over 50s
Financial Services > Saving Accounts > News
Principality launches savings Isa for over 50s
Thu, 17 Sep 2009
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