Legal & General is launching an Isa which allows investors to split their monthly savings into long and short term pots.
The two in one savings plan allows investors to put 40 per cent of their savings into a cash trust and the balance into an L&G index trust. Minimum monthly investment is £50.
Retail investments marketing director Claire Stracey says: “The Isa will help investors save for two needs. On the one hand there is the short term that will hopefully fund holidays, improve the garden or other short term needs, and a long term pot that can be left to grow for further dreams.”