Individual Savings Accounts, or ISAs as they are more commonly known, remain a popular choice among savers. Those savers who are looking for a tax free investment can choose from a host of ISA deals offering introductory bonuses, although it is important to remember that they run for a limited period, usually of twelve months. Here is a selection of the best cash ISAs currently available which include an introductory bonus and require a minimum deposit of £100 or less.
Principality Building Society – e-ISA Issue 2
This cash ISA pays an annual rate of 2.80%, including a bonus of 1.00% for twelve months. Savers can invest a minimum deposit of just £1, while transfers in are also allowed. No advance notice is required to access funds, although all withdrawals must be made via a nominated account. The account is available to savers aged 16 and over and can be operated online only.
Cheltenham & Gloucester – C&G Cash ISA
This cash ISA pays 2.70% on its anniversary, including a 1.70% bonus for twelve months. A monthly interest option is available at 2.67%, including a 1.68% bonus for twelve months. A minimum investment of £1 is required, while transfers in are accepted too. Funds can be accessed immediately without advance notice, although all postal withdrawals must be made by cheque. The account can be operated in branch or by post, by savers aged 16 and over.
Marks & Spencer Money – Flexi Cash ISA
The Flexi Cash ISA pays 2.65% on its anniversary, including a bonus of 1.25% for eighteen months. A minimum deposit of £100 is required, although savers who pay by monthly direct debit must invest a minimum of £25. Transfers in are allowed too. No advance notice is needed to access funds, although withdrawals must be made via BACS to a nominated account. Savers can opt to split their full ISA allowance between the Marks & Spencer Money Fixed Rate Options and the variable Cash ISA. The account is available to savers aged 16 and over and can be operated by telephone and post.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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