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Product Focus: Cash ISAs

Product Focus: Cash ISAs

Category: Savings

Updated: 28/01/2010
First Published: 03/06/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
If, like Susan Boyle, you're likely to be coming into some serious cash in the near future (the Scottish singing phenomenon could make up to £8 million this year, experts say), then a cash ISA might be the account for you.

In the last few weeks there have been numerous changes to ISAs. Many accounts have been withdrawn or had rates cuts and it now appears that the 2009 ISA season is drawing to a close. However, if you are looking to invest this year's allowance, there are still competitive deals around.

National Counties Building Society – Guaranteed Cash ISA 2009/10

National Counties Building Society is currently paying 3.26pc on its Guaranteed Cash ISA into which savers can invest this years' allowance. The rate is guaranteed to be at least 1.00pc above Bank of England Base Rate until 5 April 2010. The account can be operated in branch, online, by post or telephone and savers can get instant access to their money if required. Transfers in are not permitted during the guarantee period, but will be available from the start of the next tax year.

Marks & Spencer Money – Advantage Cash ISA

Customers looking for easy access but with the ability to transfer in should consider the Advantage Cash ISA from Marks & Spencer Money. The account pays 3.10pc, including a 1.00pc bonus until 21 April 2010. Savers can invest up to £43,200 into the account, which is operated by post or telephone. No notice is required to access funds and money can be transferred via BACS to a nominated account if required.

Leeds BS – Five Year Fixed Rate ISA

The Five Year Fixed Rate ISA from Leeds BS is paying a market leading rate of 4.00pc. Savers can invest up to £43,200 into the bond, which matures on 30 June 2014 as transfers in are permitted. Unlike many other fixed rate ISAs, savers can withdraw up to 25pc of their investment during the term penalty free, with further withdrawals permitted subject to 180 days' loss of interest.

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 Any products featured may be withdrawn by their provider or changed at any time.