Product focus: Cash ISAs - Savings - News - Moneyfacts

News

Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 06/09/2010
First Published: 06/09/2010

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 It is now over 6 months old so the content may be out of date.

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.

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.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close