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Product Focus: Cash ISAs

Product Focus: Cash ISAs

Category: Savings

Updated: 28/01/2010
First Published: 08/06/2009

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 It is now over 6 months old so the content may be out of date.
Last week we witnessed the end of some of the better ISA deals in the market, with a couple of big providers withdrawing or reducing their rates. A provider cutting its ISA rates while we are still at the dawn of a new tax year is nothing new, but it does indicate that they have again been inundated with savers looking for that slight advantage of better returns while other savings rates have hit rock bottom. But it is not too late; there are still a couple of deals left that catch the eye:

Ruffler Bank – Cash ISA

Ruffler Bank is paying 3.11 per cent on its cash ISA, which is operated by post or fax. Savers can invest up to £43,200 into the account, as transfers in are permitted. Savers must give 30 days' notice to access funds, although earlier access is available subject to a penalty.

Marks & Spencer Money – Advantage Cash ISA

Marks & Spencer Money is offering a 3.10 per cent deal which includes a one per cent bonus until 21 April 2010. A minimum investment of £10 is required, with a maximum of £43.2K permitted, as transfers in are allowed. Interest is paid yearly on 5 April.

Newcastle BS – Reward Saver ISA

Newcastle BS is paying 3.00 per cent on its Reward Saver ISA, which includes a 1.00 per cent bonus for twelve months. Minimum investment is £500 and a maximum of £43.2K is permitted with transfers in allowed. Savers must give 120 days notice to access funds and can choose to split their cash ISA across multiple ISAs within the Newcastle's range.

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 Any products featured may be withdrawn by their provider or changed at any time.

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