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ISAs

ISAs

Internet Savings Accounts

Internet Savings Accounts

Shares & Investments

Shares & Investments

Instant Access

Instant Access

All Savings Accounts

All Savings Accounts

Individual Savings Accounts (ISAs)

Mini Cash ISAs

CompanyPackage NameInterest Rate (AER %)Notice PeriodMinimum BalanceInterest PaidAccount Access 
Abbey ISA2.90%Instant£1AnnuallyPhone and Internet


Maxi or Share ISAs

CompanyPackage NameNotesMinimum BalanceAccount AccessNotice Period 
Actively managed ISA

Managed by a professional fund manager

£500Internet5 years initially
Income ISA

Provides a regular income

£500Internet5 years initially
Self Select ISA

0% annual admid fee

£3600InternetMinimum 5 years
Climate Change Fund

Invest in environmentaly friendly shares tax free

£500InternetInstant
Ethical ISA

Invest in ethical shares

£500Internet5 years initially
Index-Tracking ISA

Tracked in line with a market or sector

£500Internet5 years initially
Cash Trust in an ISA

Only available as the cash part of maxi ISA.

£500Internet5 years initially


What is an ISA?

An ISA (Individual Savings Account) allows you to invest up to £7000 (rising to £7600 on the 1st April 2008) each year tax free.

There are two types of ISA:

  • Cash ISA - You can invest up to £3000 (rising to £3600 in April 2008) in cash each tax year.
  • Maxi or Share ISA - You can invest up to £7000 in shares (£7200 in 2008).

What are the benefits of an ISA?

You can invest up to £7000 (£7200 April 2008) tax free in cash, shares or a combination of both.

You can take advantage of tax breaks to earn more than you would with a standard savings account. Read our guide which compares ISAs and standard savings accounts.

What else should I know about an ISA?


  • With a maxi or share ISA, you’re not guaranteed a return on your investments each year. They should be seen as a long term investments.
  • Ensure that you take your full allowance each year. Once the year is over you lose the potential gains that the extra allowance would have afforded you.
  • Try not to withdraw money from your ISA, as you’re not able to re-invest once you’ve made a withdrawal.

For more information read our guide to increasing your savings or our 10 tips to boosting your savings.

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