A new one-year fixed rate individual savings account has been revealed by Britannia, due to be available from Friday July 18th.
Such a service can be opened by consumers as long as they have a minimum deposit of £3,600, the firm stated.
Managing director at Britannia Tim Franklin suggested that this option will be great news for consumers who already have savings accounts, or those who are searching for fresh solutions.
"The great rate means that savers are getting a good return on their investment, plus the peace of mind that their money is in safe hands with Britain's second largest building society," he commented.
He said that people will be able to "take advantage" of a tax-free allowance, as the product comes with 6.30 per cent IAER until September 2009.
The organisation has also launched a fresh five-year mortgage option that will be available from the same day. These are "competitive" choices, Mr Franklin asserted.
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