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Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 19/04/2010
First Published: 19/04/2010

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 It is now over 6 months old so the content may be out of date.

After weeks of coverage, the dust appears to have finally started settling on the new ISA season. Cash ISAs are an extremely popular way of saving, as savers do not have to pay tax on the interest received. Adding to their appeal further is the recent increase in the ISA limits: savers can now put £5,100 a year into a cash ISA, and £10,200 overall. Here is a selection of the best cash ISAs currently available:

Santander – Flexible ISA 2

Santander's Flexible ISA 2 pays 3.20pc, including a bonus of 2.70pc variable for twelve months. The rate is guaranteed to be at least 2.70pc above base rate and have a minimum rate of 3.20pc for the first twelve months. Savers can invest a minimum deposit of £1, but transfers in are not allowed. Funds can be accessed immediately without notice or penalty, with the account able to be operated in branch, by post or online by savers aged 16 and over.

Barclays Bank – Golden ISA Issue 2

This account pays a monthly rate of 3.06pc, including a bonus of 1.00pc for twelve months. A minimum investment of £1 can be made and cash can be accessed instantly without notice or penalty. Transfers in are not allowed, but the account is available to savers aged 16 and can be operated in branch, by telephone or online.

Manchester Building Society – Premier ISA Issue 6

This recently launched account pays an annual rate 3.01pc, including a 0.70pc bonus for fifteen months. Savers can invest a minimum of £1,000, while transfers in are also allowed. However, 90 days advance notice must be given to access funds and early access is not allowed. The account is available to savers aged 18 and over and can be operated in branch and by post.

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 Any products featured may be withdrawn by their provider or changed at any time.