Product focus: Variable cash ISAs - Savings - News - Moneyfacts


Product focus: Variable cash ISAs

Product focus: Variable cash ISAs

Category: Savings

Updated: 29/03/2010
First Published: 29/03/2010

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 It is now over 6 months old so the content may be out of date.

Last week's Budget announcement that the ISA allowance will increase annually in line with inflation from next year will have been music to the ears of savers who have recently struggled with low returns. With days left until the beginning of the new tax year, there are still plenty of accounts to choose from. Here are the current top three variable cash ISAs.

Santander – Flexible ISA

Santander's Flexible ISA pays 3.50pc including a bonus of 3.00pc variable for twelve months. The rate is guaranteed to be at least 3.00pc above base rate and with a minimum rate of 3.50pc for the first twelve months. Savers can invest a minimum deposit of £1. Transfers in are not accepted. Funds can be accessed immediately without notice or penalty. The account can be operated in branch, by post or online by savers aged 16 and over.

Barclays Bank – Golden ISA Issue 2

This account pays a monthly rate of 3.06pc including a bonus of 1.00pc for twelve months. A minimum investment of £1 can be made and cash can be accessed instantly without notice or penalty. Transfers in are not allowed. The account is available to savers aged 16 and can be operated in branch, by telephone or online.

Newcastle Building Society – Reward Saver ISA

The Reward Saver ISA pays 3.00pc on its anniversary including a bonus of 1.00pc for twelve months. Savers can invest a minimum deposit of £500. 120 days notice must be given to access funds. Early access is allowed, subject to 120 days loss of interest. Investors can choose to split their Cash ISA savings across multiples ISAs within Newcastle Building Society's range and transfers in are accepted. The account can be operated in branch, by post or online by savers aged 18 and over.

Find the best savings account for you - 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 Any products featured may be withdrawn by their provider or changed at any time.

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