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Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 12/01/2010
First Published: 11/01/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Cash ISAs are a popular choice for savers as they do not have to pay tax on the interest received. With a new ISA season approaching, many customers will be looking at the best products to suit their needs. Here are the current top three cash ISA accounts, which all require advance notice to withdraw funds.

Newcastle Building Society – Reward Saver ISA

This account pays a rate of 3.00pc on its anniversary including a bonus of 1.00pc for 12 months. A minimum deposit of £500 is required and savers must give 120 days' notice to withdraw cash. Early access is allowed, subject to 120 days' loss of interest. Savers can choose to split their cash ISA savings across multiple ISAs within Newcastle Building Society's range. The account can be operated in branch, by post or online by savers aged 18 and over.

Buckinghamshire Building Society – 180 Day Monthly Income Cash ISA

This account pays a monthly interest rate of 2.82pc. Savers must invest a minimum deposit of £100 and give 180 days' notice to access funds. Early access is allowed, although this is subject to 180 days' loss of interest. The account is only open to new money to the institution and can be operated in branch or by post. Account holders must be aged 16 and over.

Chelsea Building Society – Chelsea Postal 30 Cash ISA ( 2nd Issue)

The rate for this account depends on the deposit invested. For deposits between £1 and £14,999 a rate of 2.60pc is paid, while savers investing £15,000 or more will receive a rate of 3.00pc. 30 days' notice must be given to access funds, although early access is allowed subject to 30 days' loss of interest. The account can be operated by post only, by savers aged 16 and over.

Find the best savings accounts 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 Any products featured may be withdrawn by their provider or changed at any time.