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Investment Research
Cash ISAs interest rates
ISAs mitigate the marginal rate of income tax investors
are charged on their savings. The current limit for a cash ISA is
£5,340. 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
|
AER
|
As of
|
Notice
|
Min Deposit
|
Introductory Bonus
|
Gross Equivalent rate 20% income tax
|
Gross Equivalent rate 40% income tax
|
|
|
|
Newcastle BS: Bonus ISA (Issue 2)
|
3.05%
|
31/01/2012
|
Instant
|
£1
|
0.95% for 12 months
|
3.81%
|
5.08%
|
|
|
|
AA: Internet Cash ISA Issue 2
|
3.05%
|
31/01/2012
|
None
|
£500
|
1.35% for 12 months
|
3.81%
|
5.08%
|
|
|
|
ING Direct Cash ISA
|
3.00%
|
31/01/2012
|
None
|
£1
|
1.96% for 12 months
|
3.75%
|
5.00%
|
|
|
|
Teachers BS: Cash ISA Reward
|
3.00%
|
31/01/2012
|
None
|
£100
|
1.25% for 12 months
|
3.75%
|
5.00%
|
|
|
|
Market Harborough BS: 2011 Brighter ISA Issue 9
|
3.00%
|
31/01/2012
|
Instant
|
£5,340
|
0.75% for 12 months
|
3.75%
|
5.00%
|
|
|
|
Virgin Money: Easy Access Cash eISA
|
2.85%
|
31/01/2012
|
None
|
£1
|
N/A
|
3.56%
|
4.75%
|
|
|
|
Santander: Flexible ISA Issue 4
|
2.81%
|
31/01/2012
|
None
|
£1
|
2.31% for 12 months
|
3.51%
|
4.68%
|
|
|
|
Scottish Widows E-Cash ISA
|
2.50%
|
31/01/2012
|
Instant
|
£10
|
1.50% for 12months
|
3.13%
|
4.17%
|
|
|
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
|
AER
|
As of
|
Term
|
Min Deposit
|
Introductory Bonus
|
Gross Equivalent rate 20% income tax
|
Gross Equivalent rate 40% income tax
|
|
Aldermore BS: 1 Year Fixed Rate Cash ISA
|
3.20%
|
31/01/2012
|
1yr
|
£1,000
|
Fixed
|
4.00%
|
5.33%
|
|
Post Office Ltd: 1 Year Fixed Rate Cash ISA
|
3.10%
|
31/01/2012
|
1yr
|
£500
|
Fixed
|
3.88%
|
5.17%
|
|
Marks & Spencer: 1 Year Fixed Rate Savings Cash ISA
|
3.10%
|
31/01/2012
|
1yr
|
£500
|
Fixed
|
3.88%
|
5.17%
|
|
Progressive Building Society: Postal 1 Year Fixed Rate ISA
|
3.05%
|
31/01/2012
|
1yr
|
£500
|
Fixed
|
3.81%
|
5.08%
|
|
Buckinghamshire Building Society: 1 Year Fixed Rate Cash ISA Issue 10
|
3.00%
|
31/01/2012
|
1yr
|
£100
|
Fixed
|
3.75%
|
5.00%
|
|
Bank of Scotland: 2 Year Fixed Rate ISA
|
3.70%
|
31/01/2012
|
2yr
|
£3,000
|
Fixed
|
4.63%
|
6.17%
|
|
Halifax: 2 Year Fixed Rate ISA Saver
|
3.70%
|
31/01/2012
|
2yr
|
£500
|
Fixed
|
4.63%
|
6.17%
|
|
BM Savings: 2 Year Fixed Rate ISA
|
3.60%
|
31/01/2012
|
2yr
|
£500
|
Fixed
|
4.50%
|
6.00%
|
|
Post Office Ltd: 2 Year Fixed Rate Cash ISA
|
3.60%
|
31/01/2012
|
2yr
|
£500
|
Fixed
|
4.50%
|
6.00%
|
|
Mansfield: 2 Year Fixed Rate Cash ISA Issue 2
|
3.55%
|
31/01/2012
|
2yr
|
£500
|
Fixed
|
4.44%
|
5.92%
|
|
Aldermore: 2 Year Fixed Rate Cash ISA
|
3.50%
|
31/01/2012
|
2yr
|
£1,000
|
Fixed
|
4.38%
|
5.83%
|
|
Lloyds TSB: Fixed Rate Cash ISA
|
3.30%
|
31/01/2012
|
2yr
|
£3,000
|
Fixed
|
4.13%
|
5.50%
|
|
Aldermore: 3 Year Fixed Rate Cash ISA
|
3.80%
|
31/01/2012
|
3yr
|
£1,000
|
Fixed
|
4.75%
|
6.33%
|
|
Halifax: 4 Year Fixed Rate ISA
|
4.30%
|
31/01/2012
|
4yr
|
£500
|
Fixed
|
5.38%
|
7.17%
|
|
Halifax: 5 Year Fixed Rate ISA
|
4.40%
|
31/01/2012
|
5yr
|
£500
|
Fixed
|
5.50%
|
7.33%
|
|
KRBS: Flexible Fixed Rate ISA
|
4.35%
|
31/01/2012
|
5yr
|
£1
|
Fixed
|
5.44%
|
7.25%
|
The value of your investments and the income from them can go down as well as up and you can get back less than you originally invested.
Any yields quoted cannot be taken as a reliable indicator of future returns. Before investing in funds please check the specific risk factors
on the key features document or refer to our risk warning notice as some funds can be high risk or complex. Prevailing tax rates and relief are
dependent on your individual circumstances and are subject to change.
Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only
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