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Get a n-ISA savings rate

Get a n-ISA savings rate

Category: Savings

Updated: 04/06/2010
First Published: 04/06/2010

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 It is now over 6 months old so the content may be out of date.
Encouraging recent figures reported that Britons appear to be embracing saving, with consumers opting to take advantage of competitive rates offered by ISAs.

This week, building societies reported that customers placed more money into savings accounts than they withdrew in April – just the second month in the last 12 that more has been put in than taken out.

The director general of the Building Societies Association, Adrian Coles, said that mutuals had been able to attract savers by offering attractive rates, especially on ISA products.

Research conducted by Moneyfacts.co.uk found that the majority of searches for savings products in April were for cash ISA products and ISAs that allow transfers in.

In previous months, the majority of searches have been made by consumers looking for fixed rate accounts and no notice accounts.

While many people will have secured their ISA already, there is still a range of competitive products available from various lenders.

And in a low interest rate environment when inflation is also eating into consumers' savings pots, getting a decent rate of interest on hard earned funds is more important than ever.

Their tax free status doesn't hurt either!

Here are a range of the finest ISAs on the market:

Birmingham Midshires' cash ISA which offers a rate of 2.70% on a minimum investment of £500. The rate includes a 1.00% bonus for 15 months

• For those aged 50 and over, SAGA offers a cash ISA with a rate of 2.60%. It requires a minimum investment of £500 and includes a 1.00% bonus for 18 months

• Savers looking for a fixed rate may be tempted by Northern Rock's rate of 3.00%, which is paid on a minimum investment of £500


Find the best savings account for you - Compare cash 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 Any products featured may be withdrawn by their provider or changed at any time.

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