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Banks join the race for Isa investors

Banks join the race for Isa investors

Two biggest banks Barclay and Halifax are fighting for the Cash ISA market this year. They both launched competitive Isas before the April 5 deadline so savers rushed to use the £3,600 allowance and £5,100 for savers over 50. 
Experts have been traditionally waiting for Barclays’ launching its Cash ISA because it always has top-rated tax-free savings products. This tax year Barclays’s launching 2 new ISA accounts. One of them is paying 3,06% including 1% bonus for the year. The only downside is it doesn’t let transfers from previous years in. Halifax launched a product that pays 2,6% and accepts transfers.
Derbyshire Building Society also offers new deals it pays 3,25% and accepts transfers. Saver can invest from £100. Principality Building Society launched 4,5% 5 years fixed rate deal. One can invest minimum £3,600 transfers accepted.
No matter what ISA you choose don’t miss the deadline – April 5 especially this year 2010 because it’s on Easter Monday. Make sure you won’t be a fool and do it before April 1st as April 2nd is Good Friday and the weekend April 3rd and 4th so providers will be closed.

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