Gatehouse Bank has announced the launch of its first Cash ISA range to broaden its savings offering.
The bank revealed it is launching a total of five new Shariah-compliant ISA products, including an Easy Access Cash ISA at 0.80% and a series of Fixed Term Cash ISAs that will range in availability for between one and five years.
Gatehouse suggested its new products will complement the bank’s existing range of savings accounts, which includes easy access, notice and fixed term deposit accounts.
Gatehouse savings product manager, Nash Gill, said: “We’re delighted to be able to now offer a Shariah-compliant savings account in a tax efficient wrapper.
“Savers are very familiar with ISAs and we hope that establishing our range of ISAs will allow more of our customers to treat Gatehouse as a one-stop shop for their savings and finance needs.”
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