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Product Focus: Cash ISAs

Product Focus: Cash ISAs

Category: Savings

Updated: 28/01/2010
First Published: 15/06/2009

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 It is now over 6 months old so the content may be out of date.

During the last few weeks numerous cash ISAs have been withdrawn or had their rates cuts. At the peak of the cash ISA season there were numerous variable rate ISAs paying over 3.00 per cent. Today there are just five, with three of them requiring you to open another product at the same time. If you are looking for an ISA here is a selection of some of the best available:

Newcastle Building Society – Reward Saver ISA

The Reward Saver ISA from Newcastle Building Society is currently paying 3.00 per cent, including a 1.00 per cent bonus for 12 months. The account is operated in branch, online or by post and savers can invest up to £43,200 as the account accepts transfers in. If access to funds is required, savers must give 120 days' notice, or lose 120 days' interest for earlier access.

Intelligent Finance – Cash ISA

Savers looking for easy access to their money could consider the Cash ISA from Intelligent Finance, which has recently increased its rate to 2.75 per cent. For those looking for a more regular income, savers can opt for monthly interest at a rate of 2.72 per cent. The account can be operated online or by telephone and transfers in are permitted.

Halifax – Fixed Rate ISA Saver

Halifax is offering savers a fixed rate of 4.00 per cent on its Fixed Rate ISA Saver if savers commit funds for four years. The account is available over shorter terms, but a lower rate is payable. Savers can invest up to £43,200 into the branch based account, as transfers in are permitted. Before committing savers need to ensure they wont need access to funds as access is available on closure only, subject to 30 days' notice and 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 Any products featured may be withdrawn by their provider or changed at any time.