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ISAs – best of the best

ISAs – best of the best

Category: Savings

Updated: 30/03/2011
First Published: 29/03/2011

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 It is now over 6 months old so the content may be out of date.

As we approach the end of another tax year, the battle to attract savers tax free ISA allowance is in full flow.

If you have still to invest this years allowance, then here are a selection of some of the best deals.

But hurry, you only have until midnight on the 5 April to use all of your £5,100 entitlement, or it's gone forever!

Best for instant access

  • AA is leading the way with the highest rate for an instant access account.
  • Its Internet Access ISA pays 3.35%, which includes a 1.65% bonus for 12 months.
  • The account is open to savers bringing new money to the provider.
  • Savers can invest between £500 and £5,100 into the account, which doesn't accept transfers in.
  • As the name suggests the account is operated online.

Best for transfers in

  • If you want to make the most of previous years allowances then you could consider the e-ISA account from Nationwide Building Society, which pays 3.10%, including a 1.35% bonus until 31 July 2012.
  • Savers are required to open or hold a qualifying current or savings account with the provider, but this account does not require funding.
  • Savers can invest from as little as £1 into the account, which is operated online.

One year fixed ISA

  • Cheshire Building Society is currently paying 3.20% on its 1 Year Fixed Rate ISA.
  • Savers can invest upwards of £1,000 into the account, which accepts transfers in.
  • The account is operated by branch or by post and once opened further additions are not permitted.
  • Earlier access is available on closure only after 60 days' and will be subject to a penalty of a loss of 60 days' interest.

Three year fixed ISA

  • The highest three year fixed rate ISA is being offered by Bank of Cyprus UK.
  • The provider is paying 4.10% on its Cash ISA Bond 27th Issue.
  • Savers can invest from as little as £1 into the account, which accepts transfers in.
  • The account is operated in branch, by post, telephone or online.
  • Earlier access is available on closure only and will be subject to a loss of 180 days' interest.

Five year fixed ISA

  • Birmingham Midshires is leading the way, paying 5.00% on its 5 Year Fixed Rate ISA, a rate 0.50% above its nearest rival.
  • A monthly interest option is available for those looking for a regular income.
  • Savers can invest from £500 into the account, which accepts transfers in.
  • Further additions are permitted into the postal operated account whilst the issue remains open.
  • Earlier access is available, but will be subject to a loss of 365 days' interest.

Looking for a Cash ISA - Compare cash isa rates and best isa rates for transfers

Request a FREE ISA Savings brochure now

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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