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Bank of Scotland launches ISA Promise

Bank of Scotland launches ISA Promise
Date of Publication: Thursday, 06 January 2011 00:00

One lender has published new guidelines for its cash ISAs.

Consumers looking to compare savings on cash ISAs in the near future might be pleased to hear that one lender has announced the introduction of a new set of rules intended to give its customers a fairer deal.

Under the terms of the guidelines issued by the Bank of Scotland, anyone with such an ISA product can now switch their account to the financier and benefit from interest being paid on it from the first day they have completed the transfer application.

The bank has called the terms its ISA Promise and the pledge also includes a commitment to improve levels of communication with customers during the switching process.

Flavia Palacios Umana, head of the lender's savings products, commented: "Cash ISAs are one of the best ways to build up a savings nest-egg … It is important to have savings you can fall back on in times of need."

Meanwhile, Santander announced yesterday (January 5th 2011) that it has launched a new range of savings products.

By Kate Guthrie
 ADNFCR-2079-ID-800326549-ADNFCR
Thursday, 06 January 2011 00:00
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Top 5 ISAs

Provider
AER
Notice
Min Deposit
Max Deposit
Apply
View Full Table >
2.60%
Fixed term for 5 years
£15,000
£1,000,000
2.30%
Fixed term for 3 years
£15,000
£1,000,000
2.00%
Fixed term for 2 years
£15,000
£1,000,000
1.25%
35 Days
£10,000
£1,000,000

SBI UK Online Cash ISA 3 Year Fixed Deposit

  • Minimum amount which can be deposited in Cash ISA fixed deposit is £15,000(including Transfer In)
  • Account managed online or by visiting our branch
  • Interest paid on a monthly basis
  • Debit card provided only to the primary account holder if requested
  • Available to an individual, 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address
  • YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

SBI UK Online Cash ISA 2 Year Fixed Deposit

  • Minimum amount which can be deposited in Cash ISA fixed deposit is £15,000(including Transfer In)
  • Account managed online or by visiting our branch
  • Interest paid on a monthly basis
  • Debit card provided only to the primary account holder if requested
  • Available to an individual, 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address
  • YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

SBI UK Online Cash ISA 5 Year Fixed Deposit

  • Minimum amount which can be deposited in Cash ISA fixed deposit is £15,000(including Transfer In)
  • Account managed online or by visiting our branch
  • Interest paid on a monthly basis
  • Debit card provided only to the primary account holder if requested
  • Available to an individual, 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address
  • YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Bank of Cyprus UK 35 Day Notice ISA

Bank of Cyprus UK
  • Available for new subscriptions up to £15,240 for the current tax year or transfers from other ISA providers
  • Interest is paid annually into your Cash ISA
  • Access to funds subject to 35 days notice
  • Available to individual applicants aged 16 or over
  • Eligible deposits are protected up to £75,000 by the UK Financial Services Compensation Scheme