It's a been bad week for instant access ISAs with a fall from 3.3% to the new best interest rate of 2.8% which is the Northern Rock E-ISA Issue 2. Hopefully we'll see a few new accounts offering higher interest rates in the near future. For more information about the Northern Rock E-ISA Issue 2 check here:

Northern Rock E ISA Issue 2

Account overview
Norther Rock E-ISA (Issue 2)

Our E-ISA offers a variable rate of interest with tax-free savings and no-notice access to your funds online. You can only subscribe to one Cash ISA per tax year, up to the current subscription limit of £5,340 per tax year. Transfers from existing Cash ISAs are allowed.

Account details

Age restrictions
16

Introductory bonus
None

Interest paid
Annually

Interest type
Variable

Withdrawals allowed
Yes

Notice period
No notice

Minimum balance
£1

Minimum withdrawals
£1

Minimum additional deposits
£1

Strictly limited issue
No

Transfers allowed
Yes, to transfer your ISA simply complete a Transfer Authority Form for each ISA you wish to transfer and return with your application.