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Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 01/03/2010
First Published: 01/03/2010

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 It is now over 6 months old so the content may be out of date.

The Cash ISA market has been the focus of much interest of late, with some high profile providers recently launching headline grabbing products.

Some of these accounts include introductory bonuses which help to boost the initial rate, but, savers need to be aware that the bonus period only runs for a limited time, typically 12 months.

The following accounts all include introductory bonuses.

Santander – Flexible ISA

This new product from Santander pays a rate of 3.50% including a variable bonus of 3.00% for 12 months. The rate is guaranteed to be at least 3.00% above bank base rate and with a minimum rate of 3.50% for first 12 months. Savers can invest a minimum deposit of £1. Funds can be withdrawn immediately without notice or penalty. The account can be operated in branch, by telephone or online by savers aged 16 and over.

Newcastle Building Society – Reward Saver ISA

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

first direct – Cash e-ISA

This account pays a monthly rate of 2.72 including a bonus of 2.52% until 31st August 2011. After this the rate will revert to the standard variable rate, currently 0.20%. The gross rate is guaranteed to be fixed at 2.72% until 31st August 2011. Savers can invest a minimum deposit of just £1. No notice is needed to access funds. Savers must be aged 18 and over. The account can be operated by post, telephone or online.

Compare fixed rate ISA or compare cash ISA or take a look at our savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.