Five reasons to save with C&G

Cheltenham & Gloucester are offering five per cent return on investment with a new product.

08:49 23 May 2004

Cheltenham & Gloucester have joined the short-term cash mini-ISA market with the launch of its one-year fixed-rate saving scheme.

From Tuesday May 25th customers will be able to save with the new mini-ISA, which leads the market with a tax-free return of five per cent.

C&G's director of savings, Rick Hunkin, said: "There are five top reasons to start saving in a fixed-rate ISA."

He says the number one reason is the fact that customers will get the highly competitive rate on savings of up to 3,000 for a 12-month period.

Other benefits for consumers include the tax free nature of the investment and a guaranteed return.

Consumers can open an ISA with only 1,000 and Mr Hunkin says fixed-rate ISAs are easy to open and operate.

The introduction of the ISA is part of the society's campaign to promote saving. C&G is a strategic partner of "Save for the Future", which aims to increase the levels of savings held by the general public through the provision of advice and guidance on the various savings options available.