Bargain Hunter: Deal of the week

Switch on to Equitable's ISA

WE ALL like to receive something for nothing. So here's one special offer.

Equitable Life will be launching its new Individual Savings Account (ISA) on 6 April. The account, offered through its unit trust subsidiary, is a fund which tracks the UK All-Share index. Normally, such accounts levy an annual charge of up to 1 per cent, but Equitable says you can hold your money free for a year. It will then charge 1 per cent. This is cheap, but not brilliant: Legal & General charges 0.5 per cent in annual fees. The answer is to invest with Equitable Life in year one and then switch to Legal & General. Call 0171-606 6611.