Compare Latest Cash ISA Deals
Best Cash ISAs
Why we like it: Interest can be paid monthly or annually. ISA transfers in allowed. £250,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Interest can be paid monthly or annually. ISA transfers in allowed. £250,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Interest can be paid monthly or annually. ISA transfers in allowed. £250,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Instant ISA Saver is designed for those that want the convenience of a tax-free cash ISA with instant access. Earn 0.30% AER (variable) on balances between £1 and £9,999, 0.40% AER (variable) on balances between £10,000 and £49,999, and 0.50% (variable) AER on balanced over £50,000
Finding the best cash ISAs
Latest Cash ISA Deals
If you are happy tying up cash then you could consider Shawbrook Bank's 7 year or 5 year fixed rate ISA, currently offer some of the best fixed deals paying 1.45% and 1.370 annual interest respectively.
For a medium length product, Shawbrook also have a 3 year fixed rate ISA paying 0.95%.
If you prefer more access to your cash then the Nationwide's Instant ISA Saver currently offers up to 0.05% interest.
Benefits of a cash ISA
There are several key benefits to a cash ISA:
- No income tax - you don't pay tax on any interest you earn from the cash in your ISA
- Easy access - if you choose an instant access cash ISA (rather than a fixed-rate cash ISA) it's a convenient way to save at a good interest rate while retaining fast and easy access to your money, should you need it
- No need to declare - you don't need to declare your cash ISA on your tax return
- Straightforward transfers - you can transfer your cash ISA to a different provider to get a better rate of interest.
