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Product focus: Cash ISAs

Product focus: Cash ISAs

Category: Savings

Updated: 08/02/2010
First Published: 08/02/2010

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 It is now over 6 months old so the content may be out of date.

There is now less than two months to go until the end of the 2009/10 tax year and many savers will now be looking to invest this year's tax free allowance in a Cash ISA. The highest rates on the market continue to be offered by smaller providers, but there remains a large proportion of savers who prefer to opt for a more well known high street name. While rates may not be market leading, there are still some attractive rates on offer.

Barclays Bank – Golden ISA

If savers are not looking to transfer in previous years' allowances they could consider the Golden ISA from Barclays Bank, which currently pays 2.55pc. Savers can invest from £1 into the account, which allows savers instant access to their money. The account is operated in branch or by telephone, although existing customers can apply online.

Halifax – Fixed Rate ISA Saver

The Fixed Rate ISA Saver from Halifax pays 4.25pc, the highest rate on the market if savers can tie their money up for four years. Savers can invest upwards of £500 into the account, which accepts transfers in. Access is available on closure only subject to 30 days' notice and a loss of 180 days' interest. The account is also available over shorter terms at reduced rates.

Post Office – Fixed Rate Cash ISA Issue 2

If savers are only looking to tie their money up for one year then they could consider the fixed rate ISA from the Post Office, which pays 3.00%. Savers can invest from £500 into the account, which accepts transfers in. Once opened, further additions are not permitted and access to funds during the term is available on closure only, subject to a loss of 90 days' interest.

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 Any products featured may be withdrawn by their provider or changed at any time.