Santander and Halifax raise cash Isa rates

Published by Sylvia Morris on 17 March 2014.
Last updated on 17 March 2014

Pound coins

Santander has raised the rate on its Direct Isa Saver 6 to 1.6%, putting it among the top easy-access cash Isas, available over the internet or telephone.

The very best internet deal comes from National Counties Building Society Online Cash Isa at a slightly higher 1.65%.

You can transfer your existing cash Isas into these accounts.

Nationwide's Easy Saver Isa, on sale through its branches and the internet, also pays 1.6%, but it does not accept transfers from other providers.

Halifax has also raised its rates for new savers, to 1.55% on its Isa Saver Online and 1.5% on its branch-based Isa Saver Variable. Both rates include a bonus for the first 12 months.

Other good deals include Nationwide's Isa Saver, with a rate of 1.5% with no bonus and transfers accepted.

On fixed rates, top deals for one year come from National Counties BS at 1.76% or Britannia, part of Co-op Bank, at 1.71% until April next year, while Halifax pays 2% for 18 months.

Nationwide, Halifax and Britannia pay 2.05% for two years, while with Coventry Building Society you can earn 2.75% fixed until November 2017.

Find the best cash Isa or savings account for you


On taxable accounts the top easy-access deal comes from West Bromwich WebSaver at 1.35% (1.08% after tax), with no bonus and no withdrawal restrictions.

Britannia pays a higher 1.5% (1.2%), but restricts you to four withdrawals a year. The top branch-based account offers with no withdrawal restrictions come from Leeds BS, Newcastle BS and Virgin Money at 1.25% (1%).

On fixed-rate deals internet bank Firstsave pays 1.9% (1.52%) for one year. At Britannia the rate is 1.71% (1.37%), while Metro Bank pays 1.7% (1.36%).

FirstSave pays 2.35% (1.88%) for two years and 2.6% (2.08%) for three years.

This article was written for our sister website Money Observer

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