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Product focus: Cash ISAs with bonuses

Product focus: Cash ISAs with bonuses

Category: Savings

Updated: 08/03/2010
First Published: 08/03/2010

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 It is now over 6 months old so the content may be out of date.

As the ISA season gathers pace, more providers have launched new accounts for savers looking for tax-free investments. As with many other savings products, some cash ISAs include an introductory bonus which usually lasts for twelve months. As the bonus accounts for a large percentage of the overall rate, savers will need to keep track of when the bonus period expires to avoid any nasty surprises. Here are the current top three cash ISAs with bonuses.

Santander – Flexible ISA



Santander's Flexible ISA pays a rate of 3.50pc including a 3.00pc bonus variable for twelve months. The rate is guaranteed to be at least 3.00pc above base rate and with a minimum rate of 3.50pc for the first twelve months. Savers can invest a minimum deposit of just £1. Transfers in are not accepted. Funds can be accessed immediately without notice and penalty. The account can be operated in branch, by telephone or online by savers aged 16 and over.

Barclays Bank – Golden ISA Issue 2



This account, recently launched by Barclays Bank, pays a monthly rate of 3.06pc including a bonus of 1.00pc for twelve months. Savers can invest a minimum deposit of £1. Transfers in are not accepted. Funds can be accessed immediately without notice or penalty. The account can be operated by savers aged 16 and over, in branch, by telephone or online.

Newcastle Building Society – Reward Saver ISA



This account pays a rate of 3.00pc on its anniversary including a bonus of 1.00pc for twelve months. Savers can invest a minimum deposit of £500. 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 and transfers in are allowed. The account can be operated in branch, by post or online by savers aged 18 and over.

Compare cash ISAs or fixed rate ISAs

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 Any products featured may be withdrawn by their provider or changed at any time.

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