Mini Cash ISAs Guide & News

Mini Cash ISAS are a fantastic way for you to save or invest your money safely and interest free.

Mini Cash ISAs Overview

Mini Cash ISAs are best for people who have little savings or have to work on a small budget. Most banks and building societies in the UK offer mini cash isas and it's best to have a look around to see which one does the best deal.

The great thing about mini cash isas is that they work exactly the same as a regular savings account except all of the money, or interest rather, that you occur, it is completely tax-free. That's right, the tax man can't touch a penny of your interest!

Below are 2 examples of different isas that are available from Natwest and Lloyds. You can see the interest rates differ from branch to branch and the features can differ slightly too.

Natwest Mini Cash ISA

• Rate (up to 5.00% AER)
• Guarantee that the AER will match or better the Bank of England base rate until at least 5 April 2007
• Start with between £1 and £3,000
• Build your savings by up to £3,000 each tax year
• Manage your account easily online, by phone or in any branch
• Have instant access to your money

Lloyds TSB Mini Cash ISA

• Tax-free return on the interest earned,
• Tiered interest rates up to 4.60% AER/tax-free,
• Penalty-free access to your money – make withdrawals from as little as £10,
• Answers to all your Mini Cash ISA questions from the specialists at our ISA centre.

The only advice we can give is to shop around and speak to an investment advisor if you aren't sure - we know it can be complicated when choosing where and how to invest your money, but it's worth it to go though all of the small details to ensure you get the best ISA for you.

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