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Stay on top of your savings for the best return

Stay on top of your savings for the best return

Category: ISAs

Updated: 18/04/2013
First Published: 19/04/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Knowing what type of ISA to invest in can be just as important as looking for the best rate of interest, with many accounts including introductory bonuses designed to boost the initial rate over a twelve month period.

Currently, seven out of the top ten cash ISA rates have bonuses attached to them, with many bonuses accounting for a large portion of the overall rate

Whilst these types of accounts can be initially very appealing, rates will more often than not revert to a much lower return once the bonus expires. Always make a note of when your bonus is due to run out, to give yourself plenty of time to consider your savings options.

Here are the current top cash ISAs, split by those with and without introductory bonuses:

Without introductory bonuses:


National Savings & Investments
National Savings & Investments
Direct ISA

2.25% AER/Gross
  • Minimum investment £1
  • Funds can be accessed without advance notice or penalty
  • Transfers in not accepted /li>
  • Account can be operated by telephone or online

Chorley & District Building Society
60 Day Notice Cash ISA (Issue 2)

2.20% AER/Gross
  • Minimum investment £1
  • Advance notice of 60 days required
  • Early access subject to 60 days' loss of interest
  • Transfers in not accepted
  • Account can be operated in branch or by post

Virgin Money
Virgin Easy Access Cash eISA Issue 4

2.15% AER/Gross
  • Minimum investment £1
  • Monthly interest paid at 2.13% gross
  • Funds can be accessed without advance notice or penalty
  • Transfers in accepted
  • Account can be operated in branch or by post. Can also be opened by telephone

Aldermore
Aldermore
60 Day Notice Cash ISA Issue 2

2.10% AER/Gross
  • Monthly interest paid at 2.08%
  • Minimum investment £1,000
  • Advance notice of 60 days required
  • Early access subject to 60 days' loss of interest
  • Transfers in accepted
  • Account can be operated by post, telephone or online


Melton Mowbray Building Society
Melton Mowbray Building Society
100 Day Notice Cash ISA

2.10% AER/Gross
  • Minimum investment £25
  • Minimum investment for non-local savers £1,000
  • Advance notice of 100 days required
  • Early access subject to 100 days' loss of interest
  • Transfers in not accepted
  • Can be operated in branch or by post


Information & Rates correct as at: 18/04/2013

With introductory bonuses:


Cheshire Building Society
Cheshire Building Society
ISA Saver (Issue 3)

2.30% AER/Gross
  • Minimum investment £1,000
  • Includes bonus of 1.80% until 31.10.14
  • Funds can be accessed without advance notice or penalty
  • Transfers in are accepted
  • Account can be operated by post only

Nationwide Building Society
Nationwide Building Society
Easy Saver ISA (Issue 1)

2.25% AER/Gross
  • Minimum investment £1
  • Includes bonus of 1.75% until 31.10.14
  • Funds can be accessed without advance notice or penalty
  • Transfers in are not accepted
  • Account can be operated in branch or online

Triodos Bank
Triodos 90 Day Notice Online Cash ISA

2.15% AER 2.15% Gross
  • Minimum investment £10
  • Includes bonus of 0.40% for twelve months/li>
  • Advance notice of 60 days required
  • Transfers in accepted
  • Account can be operated online only

 Barclays Bank
Barclays Bank
Instant Cash ISA Issue 1

2.10% AER 2.08% Gross paid for deposits between £1 and £14,999

2.20% AER 2.18% Gross paid for deposits between £15,000 and £29,999

2.30% AER 2.28% Gross paid for deposits of £30,000 and over
  • Includes 0.80% bonus for twelve months
  • Minimum investment £1
  • Funds can be accessed without advance notice or penalty
  • Transfers in accepted
  • Account can be operated in branch, by telephone or online
  • Only existing customers of Barclays who are registered for online or telephone banking can open or operate this account by telephone or online


Skipton Building Society
Skipton Building Society
Online Bonus Cash ISA Issue 2

2.10% AER/Gross
  • Minimum investment £1
  • Includes 0.85% bonus for twelve months
  • Monthly interest paid at 2.08% gross with a 0.84% bonus for twelve months
  • Funds can be accessed without advance notice or penalty
  • Transfers in not accepted
  • Account can be operated online only


Information & Rates correct as at: 18/04/2013

What next?

Find all the best cash ISAs with Moneyfacts.co.uk Savings search
Variable rate cash ISAs
Download your free guide to ISAs

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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