Increasingly, providers are launching linked products where customers taking out another financial product with the provider will get preferential rates on their savings.
In the cash ISA market a number of high street names are offering top rates to new and existing current account customers.
Santander – Flexible ISA Issue 2
Current and new customers who use a Santander current account as their main account are being offered a rate of 3.20% on the Flexible ISA. The rate includes a 2.70% bonus for 12 months, so savers need to ensure they review the account in a year's time. Savers can invest up to £5,100 into the account, which doesn't accept transfers in. Savers can make instant access withdrawals if required.
Halifax – Cash ISA Direct Reward
Halifax is offering new and existing current account customers a rate of 3.00%, including a 2.30% bonus for 12 months. Savers can invest from £1 into the account, which accepts transfers in. The account is operated online or by telephone and no notice is required to make a withdrawal. Customers not wanting to transfer their current account are being offered a rate of 2.80%.
Nationwide Building Society – e-ISA
Existing FlexAccount customers are being offered a rate of 2.75% from Nationwide BS, which includes a 1.00% bonus until 30 June 2011. Savers can invest from £1 into the online based account, which accepts transfers in. Savers wishing to make a withdrawal can get penalty free access at any time.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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