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Everyone can reap the benefits of tax-free
savings by investing in a Direct Line Cash Mini ISA. In each tax year
until 2005/06, you can invest up to £3,000 (£1,000 per year thereafter)
without any income or capital gains tax being deducted from our
premium rate of 3.55% Tax free/AER
* .
(Previous rate: 3.90%)
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As you have come to expect from
Direct Line, our Cash Mini ISA offers straightforward savings. One
practice we won't undertake, is to advertise a high initial rate
and then allow it to fall substantially in later months. We offer
a competitive 3.55% Tax free/AER*
and guarantee that Direct Line's ISA rate will be no lower than 2% below
the Bank of England's base rate.
What's more there are no charges whatsoever for the running of your
account and you're even free to withdraw savings, without charge whenever
you want.

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Government has introduced the idea of a benchmark - known as CAT marking
- so investors will know which ISA's meet a stringent set of standards,
and which don't. CAT-marking is an assessment of the Charges, Access
and Terms of any ISA. If a cash ISA reaches the CAT standards, you
can be sure there are no charges, you'll have easy access to your
savings and the terms will be straightforward and fair.
Once you have arranged a Direct Line
Cash Mini ISA, you could earn a higher interest rate on your savings
by opening a Direct Access savings account. The benefits of the
Direct Access account are clear to see, with the extra benefit that
you can "pool" your balances.
In other words, we would reward your
savings account with the interest rate that would apply if your
ISA investment was in the same account. Should the rate on your
savings account ever exceed that of the Cash Mini ISA, we will increase
the ISA rate to ensure both accounts receive the same level of interest.
Check
out our great Direct Access savings
rates to see for yourself!

We have made it as easy as possible
for you to enjoy tax-free savings. To take advantage of this new
opportunity, ring today and start earning tax-free interest.
Interested?
Call our Customer
Hotline. Or alternatively, click here to apply online.
Click here for some important information which
may help you with your decision.
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