Last Minute Cash ISA’s 2012 – Our Top 5

30 March 2012 / by Oliver Roylance-Smith

With less than a week to go until the deadline for using your 2011/12 Cash ISA allowance (£5,340), this is your last opportunity to protect your hard earned savings from the taxman. To help you know where others are putting their money, we feature our Top 5 most popular Cash ISA plans.

1.    Investec 3 Year Deposit Plan

Top of the list is Investec’s 3 Year Deposit Plan which offers a fixed return of 18% if the FTSE is higher than its starting value at the end of the 3 year term. The minimum investment is £1,500.]

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2.    Fair Investment Income Deposit Plan

This is closely followed by our very own Income Deposit Plan, offering a potential income of 7.25% for each year the FTSE remains between 4,500 and 7,250. The plan has a 6 year term and capital protection is provided by the Royal Bank of Scotland. The minimum investment for a new 2011/12 Cash ISA is £5,340.

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3.    Investec Kick Out Deposit Plan

Investec’s Kick Out Deposit can mature early from year 2 and will return 6.25% for each year provided the FTSE finishes higher than its starting value, subject to averaging. The plan has a 5 year, unless it matures early, and a minimum investment of £1,500.

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4.    Gilliat Deposit Kick Out

Gilliat’s Deposit Kick Out offers a higher potential return of 8.1% per year dependent on the performance of 5 shares listed within the FTSE rather than the Index itself. The plan has a 6 year term and a minimum investment of £3,000. Capital protection is provided by the Royal Bank of Scotland.

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5.    Legal & General 6 Year Growth Deposit Bond

Finally, Legal & General’s Growth Deposit Bond will return the greater of 7.25% or 100% of any rise in the FTSE at the end of the 6 year term, capped at 50%. Capital protection is provided by the Royal Bank of Scotland and the minimum investment is £500.

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How to apply

When you click for more information on any of the above plans you will be able to request a brochure pack which will be sent to you by post and email. With the 2011/12 ISA deadline imminent, you may not receive the postal pack in time so we recommend you print and complete the application form contained within the email brochure pack attachments.

Important note – don’t miss out

Please be aware that completed 2011/2012 ISA application forms must be received by us no later than Wednesday 4th April 2012 and so the use of next day delivery services should be considered.

Remember that all of the above plans also allow you to apply for next year’s Cash ISA allowance (£5,640) as well as accepting transfers and non-ISA investments. If you have any questions on how to apply please contact our Customer Services team on 0845 308 2525.

Click here to compare our Cash ISA selections »

No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment. If you are at all unsure of the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

These plans are structured deposit plans that are capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term. The past performance of the FTSE 100 Index is not a guide to its future performance.

© Fair Investment Company Limited

Written by Editorial Team