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Product focus: cash ISAs

Product focus: cash ISAs

Category: Savings

Updated: 07/06/2010
First Published: 07/06/2010

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 It is now over 6 months old so the content may be out of date.

Individual Savings Accounts, or ISAs as they are commonly known, remain a firm favourite with many savers. The popularity of these accounts is mainly due to the fact that savers can build up their money without paying any tax on the interest earned. Here is a selection of the current top three best cash ISAs.

Newcastle Building Society – Reward Saver ISA

This account pays 2.75pc on its anniversary, including a bonus of 1.00pc for twelve months. Savers can invest a minimum of £500 and transfers in are accepted. 120 days notice is required to access funds, although early access is allowed subject to 120 days' loss of interest. Investors can choose to split their cash ISA savings across multiple ISAs within Newcastle Building Society's range. The account can be operated by savers aged 18 and over in branch or by post.

Cheltenham & Gloucester – C&G Cash ISA

C&G's Cash ISA pays 2.70pc on its anniversary, including a bonus of 1.70pc for twelve months, with a monthly interest option also available at 2.67pc. Savers can invest a minimum of just £1, while transfers in are allowed too. Funds can be accessed without advance notice. The account is available to savers aged 16 and over and can be operated in branch and by post, although all postal withdrawals must be made by cheque.

Birmingham Midshires – ISA Extra

The ISA Extra account pays 2.70pc on anniversary, including a 1.00pc bonus for fifteen months. Savers can invest a minimum of £500, while no notice is required to access funds and transfers in are allowed. Interest is paid after one year, then again when the fifteen months expires. After this, interest is applied annually. The account is available to savers aged 16 and over and can be operated by post, although savers aged 18 and over can apply online.

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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