RBS unveils ISA for first time savers

| February 13, 2009 | 0 Comments
RBS unveils ISA for first time savers

RBS has launched a new cash ISA paying up to 3.51% interest.

The Cash ISA Plus account is aimed at new savers opening an ISA for the first time. As such, it does not accept transfers from other ISA accounts.

Minimum deposit is just £1, and up to £3,600 can be deposited every tax year.

To open a Cash ISA Plus, customers must already have an RBS instant access savings or current account. RBS customers with Royalties Gold or Private account will be paid an bonus 0.5% interest on the ISA for 12 months.

Existing RBS Instant Access Cash ISA customers can receive a 1% bonus on £7,200 if they commit to invest a full £7,200 over the next two years.

In addition, new and existing customers transferring to RBS’s instant access ISA will receive a 1% bonus on the balance transferred.

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