Cash ISAs interest rates | Bestinvest
ISAs mitigate the marginal rate of income tax investors are charged on their savings. The
current limit for a cash ISA is £3,600 however this will increase to £5,100 from 6th April
2010. For those aged over 50 this change will occur from 6th October 2009. Investments that
are taken out of the ISA wrapper lose their tax advantages.Cash ISA’s are treated as a saving a fall under the
Government Guaranteed Financial Services Compensation Scheme (FSCS). For a fuller explanation of how this works
please see the Bank Deposit Accounts .
Cash ISA
Cash ISAs have variable rates of interest that can be changed by the provider at any time.
Typically they have a short notice period none at all and minimum deposits will vary. Accounts may
also have bonus periods after which the interest rates may be low. Although the main variable terms
are shown here, investors are advised to check with providers before they purchase them.
| Cash ISA |
Gross AER |
As of |
Notice |
Min Deposit |
Introductory Bonus |
Net Lower rate income tax |
Net Higher rate income tax |
|
Aldermore 30 Day Cash ISA Issue 2
|
2.65%
|
08/03/2010
|
30 days
|
£3,600
|
N/A
|
3.18%
|
3.71%
|
|
Alliance & Leicester: Flexible ISA
|
3.50%
|
08/03/2010
|
Instant
|
£1
|
N/A
|
4.20%
|
4.90%
|
|
Barclays Bank: Golden ISA
|
3.10%
|
08/03/2010
|
Instant
|
£1
|
N/A
|
3.72%
|
4.34%
|
|
Birmingham Midshires: ISA Extra
|
2.70%
|
08/03/2010
|
Instant
|
£500
|
N/A
|
3.24%
|
3.78%
|
|
Buckinghamshire BS: 180 Day Monthly Income Cash ISA
|
2.86%
|
08/03/2010
|
180 days
|
£100
|
N/A
|
3.43%
|
4.00%
|
|
Marks & Spencer Money: Flexi Cash ISA
|
2.65%
|
08/03/2010
|
30 Days
|
£3,600
|
N/A
|
3.18%
|
3.71%
|
|
Nationwide e-ISA
|
2.75%
|
08/03/2010
|
Instant
|
£1
|
N/A
|
3.30%
|
3.85%
|
|
Newcastle BS: Reward Saver ISA
|
3.00%
|
08/03/2010
|
120 days
|
£500
|
1% for 12 Months
|
3.60%
|
4.20%
|
|
NS&I Direct ISA
|
2.50%
|
08/03/2010
|
Instant
|
£100
|
N/A
|
3.00%
|
3.50%
|
|
Santander: Flexible ISA
|
3.50%
|
08/03/2010
|
Instant
|
£1
|
N/A
|
4.20%
|
4.90%
|
Fixed Cash ISA
These are effectively fixed rate bonds in an ISA wrapper and the terms vary between one and five years. Each
account will have different penalties for breaking these investment terms and investors are advised to
check with the provider. Tax is paid at the end of the investment period.
We have provided an Annual Gross Equivalent Rate which calculates the tax benefits and compounded growth
on income earned over the term of the investment.
| Fixed Cash ISA |
Gross AER |
As of |
Term |
Min Deposit |
Introductory Bonus |
Net Lower rate income tax |
Net Higher rate income tax |
|
Yorkshire Bank: Cash ISA Fixed Rate Bond ISA Issue 3
|
5.00%
|
08/03/2010
|
5
|
£2,000
|
N/A
|
6.00%
|
7.00%
|
|
Alliance & Leicester: 2 Year Fixed Rate ISA Bond
|
3.50%
|
08/03/2010
|
2 yrs
|
£500
|
N/A
|
4.20%
|
4.90%
|
|
Alliance & Leicester: Flexible ISA
|
3.50%
|
08/03/2010
|
Ongoing
|
£1
|
N/A
|
4.20%
|
4.90%
|
|
Birmingham Midshires: 2 Year Fixed Rate ISA
|
3.50%
|
08/03/2010
|
2 yrs
|
£500
|
N/A
|
4.20%
|
4.90%
|
|
Birmingham Midshires: 5 Year Fixed Rate ISA
|
4.55%
|
08/03/2010
|
5 yrs
|
£500
|
N/A
|
5.46%
|
6.37%
|
|
Cheltenham & Gloucester: 2 Year Fixed Rate ISA Issue 4
|
3.50%
|
08/03/2010
|
2 yrs
|
£100
|
N/A
|
4.20%
|
4.90%
|
|
Cheshire Building Society: 12 Month Fixed Rate Cash ISA Issue 17
|
3.00%
|
08/03/2010
|
1 yr
|
£1,000
|
N/A
|
3.60%
|
4.20%
|
|
Clydesdale Bank: Cash ISA Fixed Rate Bond
|
3.00%
|
08/03/2010
|
1 yr
|
£1
|
N/A
|
3.60%
|
4.20%
|
|
Clydesdale Bank: Cash ISA Fixed Rate Bond ISA Issue 3
|
5.00%
|
08/03/2010
|
5 yrs
|
£2,000
|
N/A
|
6.00%
|
7.00%
|
|
Halifax : 3 Year Fixed Rate ISA Saver
|
3.75%
|
08/03/2010
|
3 yrs
|
£500
|
N/A
|
4.50%
|
5.25%
|
|
Halifax: 2 Year Fixed Rate ISA Saver
|
3.50%
|
08/03/2010
|
2 yrs
|
£500
|
N/A
|
4.20%
|
4.90%
|
|
Halifax: 4 Year Fixed Rate ISA Saver
|
4.25%
|
08/03/2010
|
4 yrs
|
£500
|
N/A
|
5.10%
|
5.95%
|
|
Julian Hodge Bank: 4 Year Fixed ISA
|
4.15%
|
08/03/2010
|
4 yrs
|
£3,600
|
N/A
|
4.98%
|
5.81%
|
|
Julian Hodge Bank: Cash ISA 3 Year
|
3.90%
|
08/03/2010
|
3 yrs
|
£3,600
|
N/A
|
4.68%
|
5.46%
|
|
Leeds Building Society: 2 Year Fixed Rate ISA Issue 15
|
3.50%
|
08/03/2010
|
2 yrs
|
£1
|
N/A
|
4.20%
|
4.90%
|
|
Leeds Building Society: 5 Year Fixed Rate ISA Issue 16
|
4.60%
|
08/03/2010
|
5 yrs
|
£1
|
N/A
|
5.52%
|
6.44%
|
|
Nationwide BS: 3 Year Fixed Rate ISA Bond
|
4.40%
|
08/03/2010
|
3 yrs
|
£1
|
N/A
|
5.28%
|
6.16%
|
|
Post Office LTD: Fixed Rate Cash ISA Issue 2
|
3.00%
|
08/03/2010
|
1 yr
|
£1
|
N/A
|
3.60%
|
4.20%
|
|
Principality BS: 2 year Direct Fixed Cash ISA 52
|
3.50%
|
08/03/2010
|
3 yrs
|
£1
|
N/A
|
4.20%
|
4.90%
|
|
Saga: 3 Year Fixed ISA
|
3.90%
|
08/03/2010
|
3 yrs
|
£1
|
N/A
|
4.68%
|
5.46%
|
|
Santander: Flexible ISA
|
3.50%
|
08/03/2010
|
Ongoing
|
£1
|
N/A
|
4.20%
|
4.90%
|
|
Yorkshire Bank: Cash ISA Fixed Rate Bond Issue 2
|
3.00%
|
08/03/2010
|
1 yr
|
£2,000
|
N/A
|
3.60%
|
4.20%
|
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