ISA Best-Buys

It's that time of year again when savers make a mad dash to deposit their money into an ISA to earn tax-free interest on savings.

Savers have until the end of the tax year on 5 April to save into an ISA, and as the ISA deadline draws closer, banks and building societies are offering better-paying ISAs to attract savers.

Savers have the choice of putting their money into a cash ISA or stocks & shares ISA, and if you already have an ISA but want to transfer to another provider to take advantage of a higher interest rate and net yourself some extra interest before the end of the tax year, then you still have time to do so, but time really is running short.

If you want to know more about paying into an ISA, then we've put together answers for you in our latest ISA guide. And if you still have questions, visit our ISA blog where more specific ISA questions are addressed.

ISA Transfer Picks

If you already have an ISA and are looking to transfer to a better paying account, then the UBS five year structured FTSE Income Plan is paying a rate of 6.50 per cent, available as a stocks & shares ISA and transfer ISA.

Royal Bank of Scotland is also offering a three year fixed rate cash ISA that returns 4 per cent a year, available as a cash ISA or cash ISA transfer.

Cash ISA Picks

If you want to invest in a Cash ISA, then Investec has a five year capital protected deposit plan with an annual yield of 4.75 per cent or a monthly yield of 0.38 per cent and can also be used as a cash ISA transfer.

Meanwhile, ING Direct is offering a Cash ISA with a guaranteed rate of 2.50 per cent for twelve months. While, Natwest has got an E Cash ISA for existing customers only, paying a rate of up to 2.50 per cent.

Stocks & Shares ISA Picks

If you're interested in a five year structured investment plan, then Investec Structured Products is offering maximum returns of 62.5 per cent at maturity on its FTSE 100 Geared Returns Plan ISA, but returns are not guaranteed and capital may be at risk.

Finally, if you want to take a bit of a risk but don't want to tie yourself in for the long-term, the five year Investec FTSE 100 Enhanced Kick-Out Plan ISA offers a fixed return of 9.25 per cent a year with the potential to kick-out after year one.