- It's ISA Time Get Ready to Save - posted by Hottest Offers on Mar 10th 2009 22:39
It is funny how time flies and before you know it you are reminded by your bank that life can be a little sweeter if you switch your account to one of their better ones. That's just what happened to me when I popped down to my local bank this week and lo’ and behold I was sold everything under the sun.
So why are they so interested? Well it is coming up to the end of the tax year and bank’s want to sell their ISA accounts.
so what do they do....They offer attractive deal’s to tie your money away. It really isn’t the best time for a saving customer but never the less you should always look around to assess the best deal that is on offer in the market. So before we begin to explore your choices, for those of you who haven’t come across an ISA or may have heard the hype have a look at our previous breakdown of what an ISA account actually mean here.
With the base rate falling to 0.5% in reality our savings may not stretch that far but it is now time to make sure we all have the best deals available regardless of the economic climate. A year ago most customers could have taken out an ISA account with interest of around 6.27% but now you will be luckily with a rate of 2% so where should you look I heard you cry, here is the top three banks to open your account with.
The first bank with the most attractive ISA is good old Barclays. You can open this account for a little as £1 and gain interest of up to 3.61% variable. The ISA account is called Barclays Golden ISA and is a great one to open if you don’t have a large deposit to open.
My second choice would be Natwest Cash Plus ISA. This account gives you 3.51% interest with instant access to your saving.
The third most attractive on the market is the Abbey Reward ISA with a 3.50% variable rate.
This year is defiantly worth switching your accounts as the interest is so low you need to be super smart when it comes to choosing your provider.
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