Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Average Cash ISA Savings Interest Rate at 2 Year High

/ ISA's Feb 09, 2011 - 07:15 AM GMT

By: MoneyFacts

Best Financial Markets Analysis ArticleThe average ISA rate has risen to 2.27%, the highest rate since January 2009, bringing welcome relief to struggling savers.


Average ISA rate (including Fixed Rate ISAs)

Average No Notice rate




January 2010



January 2009



Source: - 9.2.2011

A number of providers have started to unveil their latest tax-free savings products, anticipating the dawn of the new ISA season, which traditionally starts in early April.

Top 5 Cash ISAs


Account name


Nationwide Building Society


2.90% including 1.15% bonus until 31.7.12


2012 Bonus Cash ISA

2.87% including 2.12% bonus until 30.6.12


Flexible ISA Issue 3

2.85% including 2.35% bonus for 12 months


Cash ISA Direct Reward

2.80% including 2.30% bonus for 12 months

Northern Rock

ISA Saver

2.80% including 1.50% bonus for 12 months

Source: - 9.2.2011


Louise Holmes, spokesperson for, commented:

“The Bank of England base rate has remained at an all time low of 0.5% for almost two years, although there have been recent talks of an imminent increase. An increasing number of providers are turning to in-house funding as a means of attracting higher deposits.”

“To achieve the same return as a Cash ISA paying 2.90%, a basic rate taxpayer will need to find a standard variable account paying at least 3.63%. Higher rate taxpayers need to achieve a return of 4.83%. At present, the highest variable no notice rate pays 2.90%, the same as the leading cash ISA but without the advantages of tax-free interest. This leaves investors at a loss when looking for a competitive short-term return.”

“Cash ISAs are a great option for investors. Aside from not having to pay income tax on their interest, savers can choose from a range of competitive easy access, notice and fixed rate deals. The maximum Cash ISA allowance for the 2011/12 tax year will increase by £240 to £5,340, which should further increase the appeal of this popular method of saving.” - The Money Search Engine is the UK's leading independent provider of personal finance information. For the last 20 years, Moneyfacts' information has been the key driver behind many personal finance decisions, from the Treasury to the high street.

© 2005-2022 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in