Barclays new Isa deal makes top spot

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Barclays new Isa deal makes top spot

Mon 8th Mar 2010

Andrew Hagger of Moneynet.co.uk announced Barclays' fourth successive win before the "annual hot bed of activity" in which providers attempt to attract savers in the three month period before the end of May.

He said: "The Isa market is really taking shape as we approach the annual hot bed of activity as providers look to lure savers yet to make their move in the current tax year."

Mr Hagger added that neither of the two top rated companies - Barclays and Santander - allowed transfers in and so customers hoping to change their existing deal will be disappointed.

A latest Barclays account offers 3.1 per cent AER in comparison with the 3.5 per cent from Santander and both accounts pay a higher rate than the best one-year fixed-rate Isas.

The Share Centre recently advised people to make the most of the increased Isa allowance of £10,200 instead of making other forms of investment.

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