As the ISA season heats up, now is the perfect time to find a competitive home for this year's cash ISA allowance.
Allowing up to £5,640 to be invested in the 2012/13 tax year, cash ISAs are the perfect way to earn interest that is kept out of reach of the taxman.
For the 2013/14 tax year (beginning on April 6), up to £5,760 can be invested in a cash ISA.
Penny says… "Skipton BS offers the top rate for those savers looking for a short-term home for their ISA savings.
"Transfers in are accepted, while all management of the account must be conducted online. Savers must remember that early access will be on account closure only and will incur 180 days' loss of interest."
Santander Major ISA 2 Year Fixed Rate
Penny says… "Santander's Major ISA tops the Moneyfacts Best Buy table for 2 year fixed rate cash ISAs.
"Offering a rate of 2.80% on a low minimum investment of £1, this account also has the added incentive of a 0.10% bonus if Rory McIlroy wins an eligible golf Major tournament ."
Halifax ISA Saver Fixed – 3 Year Bond
Penny says… "This medium term cash ISA pays a market-leading rate of 3.00% on a minimum deposit of £500.
"Savers must remember that early access will incur a hefty penalty of 270 days' loss of interest."
Halifax ISA Saver Fixed – 4 Year Bond
Penny says… "Halifax's 4 Year fixed rate ISA pays an inflation-beating 3.05% to those able to commit funds for four years.
"Transfers in are accepted, but savers must bear in mind that early access will cost them dearly, at 320 days' interest."
Halifax ISA Saver Fixed – 5 Year Bond
Penny says… "For savers able to commit funds to a long-term account, Halifax's 5 year fixed rate ISA offers the top inflation-beating rate.
"At 3.10% savers must remember that transfers out or early access will incur the loss of a year's interest." Information & Rates correct as at: 26/03/2013
Compare the Best Fixed Rate ISAs Search all Savings Accounts
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 Any products featured may be withdrawn by their provider or changed at any time.
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