Norwich and Peterborough Isa launch

Norwich and Peterborough Building Society is launching a mini-cash Isa offering a rate of 6.5% gross. The product is only available to those calling at the building society's branches. The minimum and maximum investment in the cash Isa is £3,000 for the 1999/2000 tax year. The minimum and maximum annual investment for those opening accounts in subsequent tax years is £1,000. Only one investment can be made in the product. The interest rate is fixed for five years from the account opening date and is guaranteed not to be less than 2% below the UK bank base rate subsequently.