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Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 01/11/2010
First Published: 01/11/2010

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 It is now over 6 months old so the content may be out of date.

Although the traditional ISA season is a few months away, there are plenty of products available for savers looking for a tax free investment.

The cash ISA market offers a host of deals to customers with varying deposit amounts, with some reasonably competitive rates.

Here is a selection of the current best cash ISA rates.

Santander – Flexible ISA Issue 3

This account from Santander pays an annual rate of 2.85pc including a bonus of 2.35pc variable for twelve months. The rate is guaranteed to be at least 2.35pc above base rate and with a minimum rate of 2.85pc for the first twelve months. Savers are required to make a minimum deposit of £1. Funds can be accessed immediately without advance notice. Transfers in are not accepted. The account is available to savers aged 16 and over and can be operated in branch, by telephone or online.

Halifax– Cash ISA Direct Reward

This account from Halifax pays an annual rate of 2.80pc including a bonus of 2.30pc for twelve months. A minimum deposit of £1 is required. After twelve months, or if the balance drops below £1 in the meantime, the rate will revert to the ISA Saver Direct rate and terms. Minimum deposit required is £1. Funds can be accessed immediately without advance notice. Transfers in are accepted. The account is available to savers aged 16 and over and can be operated by telephone or online.

Northern Rock – ISA Saver

This new ISA pays an annual rate of 2.80pc including a bonus of 1.50pc for twelve months. The underlying gross rate is guaranteed to be at least equal to 0.25pc above bank base rate until 31st December 2012. Savers can make a minimum deposit of £1,000. Advance notice of 120 is required. Early access is allowed, although this is subject to 120 days loss of interest. Transfers in are accepted. The account is available to savers aged 16 and over and can be operated in branch or by post.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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