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Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 10/05/2010
First Published: 10/05/2010

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 It is now over 6 months old so the content may be out of date.

Despite many of the best cash ISA deals being offered by smaller building societies or less well known providers, many savers still prefer to go for a high street name. While the cash ISA rates offered by these providers may not be market leading, they do have a number of competitive deals for savers.

Barclays Bank – Golden ISA Issue 2

For savers wishing to maintain access to their money, Barclays Bank offers one of the highest cash ISA rates on the market. Its Golden ISA pays 3.06pc, including a 1.00pc bonus for 12 months. The account does not accept transfers in, so savers can only invest this years ISA allowance of £5,100 into the account. The account can be operated in branch, online or by telephone and savers can get instant access to their money if they wish to make a withdrawal.

Nationwide Building Society – Champion ISA

The Champion ISA from Nationwide Building Society currently pays 2.80pc, including a 1.35pc bonus until 30 June 2011. The underlying gross rate is guaranteed to be the average of the top five branch based cash ISAs from a selection of key competitors as selected by Moneyfacts each week. Savers can invest from £1,000 into the account, which accepts transfers in. Savers must give either 60 days' notice or forgo 60 days' interest for earlier access, although one penalty free withdrawal is available per annum.

Alliance & Leicester – Two Year Fixed Rate ISA

If savers are prepared to commit funds for two years then Alliance & Leicester is offering a competitive 3.50pc on its Two Year Fixed Rate ISA. Savers can invest from £1 into the branch based account, which accepts transfers in. The ISA matures on 1 June 2012, but earlier access is available subject to a loss of 120 days' interest.

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 Any products featured may be withdrawn by their provider or changed at any time.

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