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Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 09/02/2011
First Published: 09/02/2011

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 It is now over 6 months old so the content may be out of date.

Latest research by Moneyfacts has shown the average cash ISA rate has risen to 2.27%, the highest rate since January 2009. Cash ISAs are a great option for investors mainly due to their tax-free element. Those who wish to lock funds away for a set period can choose from a host of fixed rate ISA deals. Here is a selection of the current best deals.

Northern Rock – Fixed Rate Cash ISA Issue 155

  • This account pays a rate of 4.30% on 15/02/16.
  • Savers can invest a minimum of £500 and additions can be made up to 30 days after issue closure.
  • Early access is permitted, although this is subject to 180 days loss of interest.
  • On maturity, the deal reverts to the 30 Day Cash ISA account, which allows free access for up to 30 days after maturity.
  • Transfers in are accepted.
  • The account can be operated by post by savers aged 16 and over.

Halifax – Fixed Rate ISA Saver

  • Halifax's four year fixed rate ISA pays 4.25% on maturity.
  • Savers can invest a minimum deposit of £500. Further additions are not allowed. Early access is allowed on account closure, subject to 180 days loss of interest.
  • Transfers in are accepted.
  • The account is available to savers aged 16 and over and can be operated in branch, by telephone or online.

Birmingham Midshires – Five Year Fixed Rate ISA

  • This five year deal pays 4.05% on its anniversary.
  • Savers can invest a minimum of £500 and further additions can be made whilst the issue is open.
  • Funds can be accessed early, subject to loss of interest as follows: During year 1, 365 days; year 2, 320 days; year 3, 270 days; year 4, 180 days and year 5, 90 days. Transfers in are accepted.
  • The account can be operated by post by savers aged 16 and over.

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 Any products featured may be withdrawn by their provider or changed at any time.

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