Alliance & Leicester counts down availability of Isas

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Alliance & Leicester is inviting customers to take advantage of its 8.1 per cent interest rate payable on premier individual savings accounts (Isa).

The rate is available on premier Isas from the financial services provider until the end of the month (Monday, April 30th).

Customers opening a premier current account are encouraged to consider the Isas in the light of an Alliance & Leicester poll which found that interest rates are the deciding factor for 84 per cent of consumers when selecting a savings account.

Ross Dalzell, manager for savings at Alliance & Leicester, said: "Many people leave it until the last minute each year to take advantage of their annual Isa allowance.

"I would urge savers to turn this habit on its head and kick-start the new tax year by saving in an Isa now."

Interest is paid on the account annually on January 1st, with deposits of between £1 and £3,000 permitted in any 12-month period, according to the banking provider.

Alliance & Leicester celebrated its 150th anniversary in 2002, marking the creation of the Leicester Permanent Benefit Building Society on November 15th 1852.

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