
HM Treasury has set the new 2012/13 Cash ISA Allowance at £5,680.
Use our Cash ISA tables below for a selection of market leading Cash ISAs for instant access, fixed rate and alternative ideas to maximise tax free returns.
James Caldwell, Director
| Provider | Plan Name | Deposit Taker | ISA Option | Term | Maximum Potential Return | More Info |
|---|---|---|---|---|---|---|
![]() | FTSE 100 3 Year Deposit Plan | Investec Bank plc | ![]() | 3 years | 17.25% | More Info > |
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![]() | Income Deposit Plan | Royal Bank of Scotland plc | ![]() | 6 Years | 7.00% per annum | More Info > |
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![]() | FTSE 100 Kick Out Deposit Plan - Option 2 | Investec Bank plc | ![]() | Up to 5 years | 6.00% per annum | More Info > |
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| Fund Manager | Account | Rate | Term | More Info |
|---|---|---|---|---|
![]() | Nationwide Online ISA | 3.10% | Instant Access | More Info > |
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![]() | ING Direct Cash ISA | 3.00% | Instant Access | More Info > |
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![]() | E-Cash ISA | 2.50% | Instant Access | More Info > |
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| Fund Manager | Account | Rate | Term | More Info |
|---|---|---|---|---|
![]() | 2 Year Fixed Rate Cash ISA | 3.70% | 2 Years | More Info > |
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![]() | 1 Year Fixed Rate Cash ISA | 3.30% | 1 Year | More Info > |
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Cash ISAs are one of the most tax-efficient ways to save your money because you pay no income tax on the interest you make. Depending on your requirements, you can choose from a wide range of Cash ISAs, including fixed or instant access, or Cash ISAs that aim to pay a return linked to the performance of the FTSE 100 Index, while protecting your capital.
The current Cash ISA allowance for 2012/13 is £5,640 which is an increase of £300 over last year and is available until April 5th 2013. It is important to remember that the Cash ISA allowance applies to everyone on an individual basis if you are aged 16 or over (for a stocks and shares ISA you must be 18 or older). So if you are married or in a relationship you can both hold your own ISA. You must be a resident or ordinarily a resident in the UK to qualify for an ISA.
Cash ISA rates change all the time so the deals available last year may have changed significantly - you certainly don't want to assume that when it comes to taking out your annual Cash ISA that your current cash ISA provider will offer you the best deal. There is nothing stopping you have multiple Cash ISA providers, but if you have Cash ISAs from previous years where the rates of interest are no longer competitive you should consider a Cash ISA transfer. The good news is that your new Cash ISA provider should do all the work for you to make this happen. Ask the Cash ISA provider whose interest rates you like for a Cash ISA transfer form.
Cash ISAs come in different forms:
Important Risk Information:
This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.