The dawn of a new year will see many savers looking at choosing where to place their investments. For those who prefer not to pay tax on the interest accrued, cash ISAs may be the best bet.
Many providers offer reasonable accounts which allow customers to access funds immediately. Here are the current top three instant access cash ISAs.
Harpenden Building Society - Simply ISA
This account pays an annual variable rate of 2.25%. A minimum of just £1 is required and funds can be accessed immediately. Savers can either have the interest paid into a separate account, or allow it to remain in the Simply ISA. The account can be operated by savers aged 16 and over in branch or by post with a passbook.
Stafford Railway Building Society – Cash ISA
The rate for this account is dependent on the deposit amount, as follows. For deposits of between £1 and £19,999, 2.25% is paid; for amounts between £20,000 and £29,999, 2.50%; between £30,000 and £39,999, 2.75% and investments of £40,000 and over will receive a rate of 3.00%. Minimum deposit for non-locals is £250. Funds can be accessed instantly. Partial transfers are not allowed. The account can be operated by savers aged 16 and over in branch and by post.
Post Office – Cash ISA
This cash ISA from the Post Office, operated by the Bank of Ireland, pays a rate of 2.25% including a bonus of 2.00% for 12 months. A minimum investment of £100 is required. Funds can be accessed instantly and transfers can be made via a nominated account or by cheque. Further additions can be made, although the minimum amount by direct debit is £10. The account can be operated by savers aged 16 and over in branch, or by post or telephone.
Compare cash 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 Any products featured may be withdrawn by their provider or changed at any time.
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