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Portman Building Society launches new ISA product

Portman Building Society has capitalised on the Government’s decision to relax the investment restrictions on cash ISAs with the launch of its new ISA 30 account.

The account offers 6.25 per cent tax free and guarantees 0.25 per cent tax free on savings before January 1, 2001. The minimum investment is £1,000 with a maximum investment of £3000 before April 5, 2001.

Portman group communications manager John Gully says: "This account is a very simple way of maximising your returns without having to seek out risky investments."

Interest is paid annually and withdrawals are subject to 30 days notice or 30 days loss of interest.


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