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Product focus: ISAs

Product focus: ISAs

Category: Savings

Updated: 28/10/2009
First Published: 28/10/2009

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 It is now over 6 months old so the content may be out of date.

Earlier this month the cash ISA allowance for savers aged 50 years and over was increased from £3,600 to £5,100, with the increased allowance available for all savers from the start of the 2010/11 tax year. Savers looking to invest this years allowance are still being offered some competitive deals:

Chesham Building Society – Cash ISA 180

Chesham Building Society is offering the highest variable rate ISA on the market paying 3.25pc, including a 0.45pc bonus until 30th November 2010, on its Cash ISA 180. Savers can invest between £500 and £43,200 into the account, which accepts transfers in from other providers. If a withdrawal is required savers must give 180 days' notice or lose 180 days' interest for earlier access.

first direct – Cash eISA

If savers require easy access on their ISA allowance then the highest rate on the market is from first direct, who are paying 2.96pc, including a 2.76pc bonus until 9th November 2010. The account can be operated online, by post or telephone and savers can invest up to £43,200 into the account, as transfers in are accepted.

Cheltenham & Gloucester – 2 Year Fixed Rate ISA

Cheltenham & Gloucester is paying 3.75pc on it 2 Year Fixed Rate ISA. A monthly interest option is available for those looking for a regular income. Between £100 and £43,200 can be invested in the account as transfers in are accepted. Further additions are permitted whilst the issue remains open. If access is required during the two year term then a loss of 120 days' interest will be payable.

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 Any products featured may be withdrawn by their provider or changed at any time.

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