The Northern Rock has always tried it's best for it's customers, sometimes I wonder if it actually knows it is no longer a mutual building society (see my other op on the Northern Rock). And so the Northern Rock is offering the best mini cash ISA rate in the whole country (currently 6.05 or £6.05 for every £100 invested, but this may change due to the recent suprise rate cut). All interest is credited tax free (yay!). The only snag is that they demand 30 days notice for a withdrawal, or there's a penalty. Still, as an ISA is uaually more of an investment than a savings account (they come with all types of rules for withdrawals and balances), this isn't too bad (they do do an instant access ISA, but this doesn't pay as good a rate). The opening balance is reasonably low, and it is run through a (bright pink!) passbook. Do keep a watch out though, maybe this 'caring plc' lark from the NR is a face, and so keep an eye on the rates it offers. Also, if you do close this or any other ISA, don't ask for a cheque for the full amount, otherwise your money will not be able to earn tax free interest in another ISA (see what I mean about the rules?! Check out some of the ops under 'savings tips'for these to be explained better than here). Most of NR's branches are being refurbished, and the service has always been very good. Incidently, the highest rate from a mutual BS at the moment is Yorkshire at 6% (also the 2nd best rate), and requires only 6 days notice. It depends if you want a slightly higher rate (by 0.05%, or an extra 5p for each £100 invested in the ISA) for a months notice. You can invest a maximum of 3K in an ISA each tax year. There are a number of good sites around that help you around the maze of rules, regulations, conditions and restrictions regarding ISAs. A good one I use is www.thisismoney.co.uk, which I find easy to understand (and it has to be simple if I
understand it!), and gives you a good list of the best accounts on the market. Good luck and happy investing!