UK financial services institution Abbey has launched two new ISA products, including a new mini cash ISA and a new super ISA.

<p>The new mini cash ISA account offers a competitive 5.50% tax-free AER on balances from GBP1. For balances over GBP9,000, the account will pay a 5.75% tax-free AER. It is available to both new and existing customers and provides a cash card to investors who intend to make occasional withdrawals. <br /><br />The account also offers customers instant access to funds through the post, telephone, ATM or online and can be opened with a minimum balance of GBP1. Transfers from other ISAs can be made into the account. <br /><br />To complement this product, Abbey has also launched a new super ISA that offers an 8% AER tax-free until May 1, 2008, if customers invest an equal amount or more into Abbey&#0039;s tax-efficient guaranteed growth plan. <br /><br />The super ISA is designed for savers who wish to enjoy the benefits of potential great returns offered by the stock market, while deposits in the guaranteed growth plan are invested for the longer term of three or five and a half years, offering guarantees both on the money deposited and a minimum return, if the money is left for the full term. <br /><br />Other benefits of the super ISA, which requires a minimum investment of GBP500, include a free transfer service of cash mini ISAs from other providers and a calculated daily interest with no penalty for withdrawal.</p>