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Product focus: Linked cash ISAs

Product focus: Linked cash ISAs

Category: Savings

Updated: 28/09/2010
First Published: 27/09/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

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 Any products featured may be withdrawn by their provider or changed at any time.

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