ISA Survey 2007 - Savings - News - Moneyfacts

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ISA Survey 2007

ISA Survey 2007

Category: Savings

Updated: 31/10/2008
First Published: 27/03/2007

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 It is now over 6 months old so the content may be out of date.

Top of the Moneyfacts ISA survey this year was Alliance & Leicester's Direct ISA, returning £3,163.46. A no notice account, the product was launched on 9 January last year with a rate of 5.20%, but this included an introductory offer of a 0.70% bonus, which was swiftly withdrawn on 12 April.

This clearly demonstrates that investors had to be quick off the blocks if they wanted to take advantage of the product. However, Alliance & Leicester's victory is tarnished by the fact it also props up the table with its instant access ISA, returning a meagre £3,109.51. This will without doubt come as good news to Northern Rock, which has held the wooden spoon for the last three years.

The difference in the top and bottom paying ISA, in this case Alliance & Leicester's products, was £53.95. Although lower than last year's difference of £62.10, the difference virtually echoes 2005's finding of £53.41. In real terms however, compared to 2006, the average value for a mini cash ISA has also hardly changed over the past two years.

See the results to this year's Mini Cash ISA Survey.

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 Any products featured may be withdrawn by their provider or changed at any time.

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