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first direct improves ISA offering

first direct improves ISA offering

Category: Savings

Updated: 14/02/2011
First Published: 14/02/2011

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 It is now over 6 months old so the content may be out of date.

first direct has improved its internet ISA offering, making it far more competitive ahead of the new ISA season.

The Cash e-ISA is a no notice Cash ISA with a minimum investment of £1 paying a monthly rate of 2.72% until 31 August 2012; the rate then reduces to the standard ISA rate (currently 0.20%).

Transfers in from other providers are permitted, while transfers out can be made without penalty.

The account is only available to customers with a 1st Account which must be funded with at least £1,500 per month.

At 2.72% it is now within the top ten similar notice period ISAs, wining the e-ISA four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.