What are the market-leading cash Isa deals?
While the Abbey and A&L deals offer a rate of 10%, many savers will prefer a more straightforward account. Barclays has the best deal. Its Tax Haven Isa is paying 6.50%, although this includes a one percentage point bonus which lasts for 12 months. Existing Barclays’ customers can apply online, but new customers must go into a branch. Birmingham Midshires Direct Isa Issue 2 follows closely behind with a rate of 6.35%. This is a postal account and the minimum deposit is £1,000. Unfortunately however, you cannot transfer money into either of these accounts, so while these are attractive deals for new customers existing Isa holders who have money invested from previous tax years may prefer an account that allows transfers. The leading deals that allow Isa transfers are Scarborough building society’s Notice Mini Cash Isa which is paying 6.30%, Abbey’s Direct Isa Issue 2 and A&L’s Direct Isa Issue 4, both of which are paying 6.25%. The new offerings from Coventry and Skipton are both fixed
