Best ISA rates vanishing fast

Rachel Thrussell, Head of savings at moneyfacts.co.uk, comments: “With Alliance & Leicester’s top rate ISA deal already withdrawn, Abbey is left headlining at 8.10% with its Super ISA, but this comes with the requirement to equally fund a Guaranteed Growth Plan and is a limited rate offer.

“If you were looking for a no strings ISA, the Barclays Tax Beater ISA could not be beaten this year, paying 6.31%. But with this due to vanish from the shelves on Friday, so you’d better act quickly to get this great rate.

“The only slight downsides of the Barclays deal are that the rates does include a 1% bonus for the first 12 months, and it is only available via the branch or phone. So for a completely no frills account with Internet access, Egg offer the next best rate at 6.05%.

“When you consider the best savings accounts pay in the region of 5.70% gross, that’s less than 4.60% net, a tax free rate of 6% is a fantastic deal.”