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Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 28/01/2010
First Published: 08/09/2009

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 It is now over 6 months old so the content may be out of date.

On 6 October, savers aged 50 years and over will be able to invest an additional £1,500 in a cash ISA, bringing their annual allowance up to £5,100. Younger savers will be able to take advantage of the increased limit from the start of the 2009/10 tax year. If you are yet to invest this years ISA allowance, then here are some deals worth considering.

Manchester Building Society – Premier ISA 45

Manchester Building Society offers the market leading rate for a variable rate Cash ISA paying 3.26pc, including a 0.80pc bonus for 12 months. Savers can currently invest between £1,000 and £43,200 into the account, which accepts transfers in. The account is operated in branch or by post and savers must give 45 days' notice to access funds. Earlier access is not permitted.

Intelligent Finance – Cash ISA

Savers looking for easy access are being offered a rate of 2.75pc from Intelligent Finance through its Cash ISA. Those looking for a regular income can opt for monthly interest. The account is operated online or by telephone and savers can currently invest up to £43,200 into the account, as transfers in are permitted. If a saver has related products with Intelligent Finance credit balances can be used to offset debit balances.

Bank of Cyprus UK – Cash ISA Bond

Savers looking to fix the rate of interest they receive for one year are being offered a rate of 3.33pc from Bank of Cyprus UK. The account accepts transfers in and savers can invest up to £43,200 into the account, which is operated by branch, post or telephone. Access to funds during the one year term is available on closure only and will be 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 Any products featured may be withdrawn by their provider or changed at any time.