ISA Announcement Is 'Good News For Savers'
NOVEMBER 24TH, 2006
| Credit Cards (introductory rate & period) |
Typical APR | Options |
| Virgin Credit Card 0% balance transfers, 13 months ( 2.9% balance transfer fee ) 0% purchases, 3 months |
15.9% (variable) |
 |
| Post Office Credit Card 0% balance transfers, 8 months ( 2.5% balance transfer fee ) 0% purchases, 3 months |
14.9% (variable) |
|
| Personal Loans | Typical APR | Options |
| Moneyback Bank Personal Loan | 5.7% | |
| Northern Rock Personal Loan | 5.8% | |
Commenting on the Economic Secretary, Ed Balls' statement on ISAs today, Richard Saunders, Chief Executive of the IMA commented:
"Today's announcement that the Government will allow investors to move savings currently held in cash ISAs into the stocks and shares component, without penalty, is most welcome. This is good news for savers who have built up sufficient precautionary savings in cash and who wish to access the potential returns of the stock market over the longer term."
