Abbey Mini Cash ISA Review

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0.7 stars
Average rating for this product is: 0.7 out of 5

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Guest's Review of Abbey Mini Cash ISA

16th Apr 2009

Overall Rating

0 stars
  • Value for money
    0 stars
  • Customer Service
    0.5 stars
Good Points

The online facility makes it easy to see your account transactions.


Bad Points

I can't think of many big name, high street banks that appear to be paying their customers such a measley amount of interest. Although I have only recently switched to Abbey I have already begun making arrangements to move the account back to the Halifax.


General Comments

I switched to the Abbey Cash Isa in January as they were offering 2.9% interest. My account had been with Halifax which was offering just 2%.

I was angered to find out that instead of this rate I had been paide 0.1%, and was rewarded with a measley £11.14! I know the economy is still unstable, but I would have received almost 20 times this if I had stayed with Halifax.

I cannot help but feel that this is like the advert for Nationwide where the large rate was shown just to 'hoike' the customers in.

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LenderAccountDescriptionInterestAEROverdraft  
Overdraft RateOverdraft Limit
NatWeste-ISAAvailable to existing Natwest Customers Only. The longer you save the more you can earn, save up to £3,600 in a tax year. See site for details.Monthly2.00%N/A
AbbeyDirect ISASave from just £1 to receive 2.00 AER (variable) tax free.Annually2.00%N/A
NatWestCash ISAAvailable to existing Natwest customers only. Transfer your previous years ISA's into this great cash ISA. Earn up to 2.0% AER tax free.Monthly2.00%N/A