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Product focus: Introductory bonus cash ISAs

Product focus: Introductory bonus cash ISAs

Category: Savings

Updated: 25/01/2011
First Published: 30/11/2010

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 It is now over 6 months old so the content may be out of date.

There are a few months left to go until ISA season officially begins, although savers looking for a tax free investment have plenty to choose from at the moment.

Many customers prefer to invest their money with a familiar high street name.

Here's our selection of some of the current best cash ISAs offered by well known providers, offering an introductory bonus.

Halifax– Cash ISA Direct Reward

This account from Halifax pays an annual rate of 2.80% including a bonus of 2.30% for twelve months. A minimum deposit of £1 is required. If the balance drops below £1 the rate will revert to the ISA Saver Direct rate, currently 0.50%, and terms after twelve months. Funds can be accessed without advance notice or penalty. Transfers in are accepted. The account is available to savers aged 16 and over and can be operated by telephone or online.

Northern Rock – ISA Saver

The ISA Saver account pays an annual rate of 2.80% including a 1.50% bonus for twelve months. The underlying gross rate is guaranteed to be at least equal to 0.25% above bank base rate until 31st December 2012. A minimum deposit of £1,000 is required. Savers must give 120 days advance notice to access funds. Early access is allowed, subject to 120 days loss of interest. Transfers in are accepted. The account is available to savers aged 16 and over and can be operated in branch or by post.

Santander – Flexible ISA Issue 3

This account pays an annual rate of 2.85% including a bonus of 2.35% variable for twelve months. The rate is guaranteed to be at least 2.35% above base rate and with a minimum rate of 2.85% for the first twelve months. Savers can invest a minimum deposit £1. Funds can be accessed immediately without advance notice or penalty. Transfers in are not accepted. The account can be operated by savers aged 16 and over in branch, by telephone or online.

Find the best savings account for you - Compare cash ISAs

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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