Best cash ISA rates
We found 515 PRODUCTS in total, of which 88 are EASY TO OPEN
Trading 212 Cash ISA Promo Rate
This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other regulated banks and your savings are protected by the Financial Services Compensation Scheme, up to the £120,000 limit, in the name of the bank providing the account. Any money you save via this account will be added to any money you already hold with the account provider for the purposes of FSCS protection and any money over the £120,000 limit will not be protected.
Isbank Meteor Savings - 1 Year Fixed Rate Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Moneybox Moneybox Cash ISA
This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other regulated banks and your savings are protected by the Financial Services Compensation Scheme, up to the £120,000 limit, in the name of the bank providing the account. Any money you save via this account will be added to any money you already hold with the account provider for the purposes of FSCS protection and any money over the £120,000 limit will not be protected.
An Easy Access Cash ISA lets you grow your money without paying tax on the interest you earn.
Plum Plum Cash ISA
This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other regulated banks and your savings are protected by the Financial Services Compensation Scheme, up to the £120,000 limit, in the name of the bank providing the account. Any money you save via this account will be added to any money you already hold with the account provider for the purposes of FSCS protection and any money over the £120,000 limit will not be protected.
Atom Bank Easy Access Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Whether it’s a new kitchen or a bucket-list adventure, turn your goals into reality. Save money your way with a tax-free Cash ISA, or high-interest notice account.
*Plum Cash ISA is held with Citibank and Lloyds Bank, and includes a bonus rate applicable for the first 12 months. 95-Day Notice Account is provided by Invested Bank Plc, and is available for Plum Max subscribers.
Isbank Meteor Savings - 6 Month Fixed Rate Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
AlRayan Bank Meteor Savings - 1 Year Fixed Rate Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Trusted by moneyfactscompare.co.uk, Kellands are chartered financial planners that specialise in quality financial planning and investment advice. Learn more about speaking to Kellands for a one hour consultation free of charge. Min. £100k in savings & investments.
Hampshire Trust Bank 5 Year Online ISA Fixed Saver (Issue 8)
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
AlRayan Bank Meteor Savings - 2 Year Fixed Rate Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Investec Save 1-Year Fixed Rate Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
In the UK this bank/building society shares its compensation limit with
Investec Bank plc.
Tembo Money Tembo Cash ISA - Fixed Rate
This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other regulated banks and your savings are protected by the Financial Services Compensation Scheme, up to the £120,000 limit, in the name of the bank providing the account. Any money you save via this account will be added to any money you already hold with the account provider for the purposes of FSCS protection and any money over the £120,000 limit will not be protected.
Harpenden BS Online Single Access ISA (Issue 3)
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Chetwood Bank HL Active Savings - 5 Year Fixed Rate Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
In the UK this bank/building society shares its compensation limit with
SmartSave.
Vida Savings HL Active Savings - Easy Access Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Aldermore 3 Year Fixed Rate Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Aldermore Reward ISA Single Access Account (Issue 8)
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Chetwood Bank HL Active Savings - 1 Year Fixed Rate Cash ISA
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
In the UK this bank/building society shares its compensation limit with
SmartSave.
Hampshire Trust Bank 1 Year Online ISA Fixed Saver (Issue 42)
In the UK, the first £120,000 of savings per person is protected by the Financial Services Compensation Scheme. Some banking brands share the same banking licence which means your deposit protection is across all brands sharing the licence. If you have also borrowed from the failed bank/building society, the compensation will not be reduced to repay your debt, separate arrangements will be made for this. The deposits of most businesses are covered up to the £120,000 limit, but businesses should check with their bank before they apply as there are exclusions.
Eligible deposits with UK institutions are protected by the FSCS up to £120,000 per person per institution.
Who owns whom?
Find out which banks and savings account providers operate under which banking license with our who owns whom guide, helping savers work out to what degree their savings are protected by the FSCS.
DisclaimerAll rates subject to change without notice. Please check all rates and terms before investing or borrowing.
Provider LinksLinks like ‘Go To Provider's Site’ or ‘Speak to a Broker’ connect you to providers or brokers we work with, for which we may receive a commission if you click or apply.
Favourites
Clicking the heart icon marks a product as a favourite for 14 days (if cookies are enabled), allowing you to filter and sort favourites at the top of the list.
Cash ISAs are a type of Individual Savings Account that, like traditional savings accounts, pay interest on money deposited. Their main appeal is any interest earned is automatically tax-free (in contrast to standard savings accounts, which may require you to pay tax if you exceed your Personal Savings Allowance).
However, keep in mind that the tax benefits depend on your personal circumstances and may change in the future.
The Personal Savings Allowance (PSA) is the maximum amount of interest you can earn on your savings each tax-year before needing to pay your usual rate of income tax. This currently stands at:
| Personal Savings Allowance (tax-free interest) | Tax applied on interest earned above Personal Savings Allowance | |
|
Basic-rate taxpayers |
£1,000 |
20% |
|
Higher-rate taxpayers |
£500 |
40% |
|
Additional-rate taxpayers |
£0 |
45% |
While questions were raised about the value of cash ISAs when the Personal Savings Allowance was introduced in 2016, the tax-free savings accounts have since proven their worth for many people. Interest rates are currently much higher than 10 years ago – meaning even those with smaller balances may be at risk of exceeding their allowance. What’s more, many are seeing their allowance slashed as they are pulled up the tax-ladder by the process of fiscal drag (where wages grow, but tax bands remain frozen).
There are several types of cash ISAs to consider – each of which suit different needs, circumstances and savings goals. They include:
Easy access ISAs are perhaps the simplest type of cash ISA; like easy access savings accounts, they pay a variable rate (which can go up or down), and let savers add to and withdraw from their pot at any time. But, while many easy access ISAs allow unlimited penalty-free withdrawals, keep in mind that some apply a lower rate if you exceed a certain number of withdrawals within a given timeframe.
It should also be noted that some providers bolster the rate paid by their easy access cash ISA with a short-term bonus, so it’s important to check whether an account is still competitive once any offers expire.
Those willing to wait before accessing their cash have historically been able to find higher variable rates offered by notice cash ISAs (although this isn’t guaranteed). These accounts allow withdrawals subject to serving a notice period that can range anywhere from a week to over 180 days, while some grant earlier access subject to a loss of interest penalty.
Fixed rate cash ISAs offer an interest rate that is guaranteed to remain the same over the course of a term (which can range anywhere from less than a year to over five years). In exchange, you typically won’t be able to withdraw funds until the account matures, however, some fixed ISAs permit early access subject to a loss of interest penalty and/or account closure.
A regular savings cash ISA could be a good option for those looking to get into the habit of saving, as some of these accounts require you to make a minimum monthly deposit and may impose restrictions when it comes to withdrawals. But, bear in mind this corner of the cash ISA market is usually less competitive as there are fewer accounts to choose from.
Cash ISAs can be opened by UK residents aged 18 or over. They’re also available to crown servants (such as members of the armed forces and overseas diplomats), as well as their spouse or civil partner.
Did you know there are specially designed Junior cash ISAs which can be opened by or on behalf of children and teens under the age of 18?
Cash ISAs can usually be opened online, in branch, by post, over the phone or via mobile app (depending on the particular account and provider). Before you apply, there are a few things you may need to have at hand, such as:
There’s no limit on the total number of cash ISAs you can open and pay into within a single tax-year, so long as you don’t exceed your annual ISA allowance. For example, you could use an easy access cash ISA to build an emergency fund and open a fixed rate cash ISA to save towards a longer-term goal – all within the same tax-year.
Importantly, it should be noted that Lifetime ISAs and Junior ISAs are exceptions to these rules.
Related guide: How many ISAs can I have?
The ISA allowance is the maximum amount of money you can spread across ISAs per tax-year and currently stands at £20,000.
While savers can choose to allocate their entire ISA allowance into cash ISAs, this is set to change after the Chancellor of the Exchequer, Rachel Reeves, announced the cash ISA subscription limit will be reduced to £12,000 from April 2027 for those under 65.
Yes, your money is safe in a cash ISA so long as the account is provided by a UK regulated bank or building society and protected under the Financial Services Compensation Scheme (FSCS). The scheme covers up to £120,000 in case a provider goes bust (although it should be noted this limit is shared by banks that operate under the same licence – view our guide to ‘who owns whom’ for more information).
Rest assured that all cash ISAs that feature on our charts are protected by the FSCS.
Whether you can withdraw money from a cash ISA (and how often) will depend on the specific type of account and provider.
Those who often dip into their savings pot may be better suited to an easy access cash ISA, as these accounts allow withdrawals at any time (although some apply a lower rate for exceeding a set number of withdrawals per year). Notice cash ISAs could also be a good option for those who don’t mind waiting before making a withdrawal.
In contrast, fixed rate cash ISAs tend to impose the most restrictions when it comes to making withdrawals. While it may be possible to gain early access to your cash in these accounts (i.e. before the term ends), this is often subject to a loss of interest penalty and/or closure.
All providers must let you to transfer your ISA out to another account. However, keep in mind that providers aren’t under the same obligation to accept transfers in, and that fees and penalties may still apply. Check whether an account accepts transfers in by selecting ‘view further details’ next to a listing on our chart.
A flexible ISA is an account that allows you to replace funds withdrawn in the same tax-year without it counting towards your annual ISA allowance.
For instance, imagine you deposited £5,000 into a flexible cash ISA at the start of the tax-year. If you withdrew £2,500 and later that tax-year added that same amount back into the account, you’d still only have used up £5,000 of your overall ISA allowance.
On the other hand, the same transactions using a “non-flexible ISA” would count towards £7,500 of your allowance (the initial £5,000, plus the £2,500 redeposited). Learn more with our guide to flexible ISAs.
Only a spouse or civil partner can inherit the money in a cash ISA without affecting its tax-free status or their own ISA allowance (and, even then, it’s important to note they won’t inherit the account itself).
Instead, they’ll temporarily receive an extra allowance (known as an Additional Permitted Subscription, or ‘APS’) equivalent to the amount of savings their spouse or partner had in ISAs which can be used to redeposit the inherited money tax-efficiently.
While you can name other beneficiaries to receive the money in your ISA (such as a child, grandchild, friend or other family member), bear in mind this will form part of your estate and may be liable for Inheritance Tax. Furthermore, your spouse will still get an extra ISA allowance (providing they live with you at time of death). Find out more about inheriting ISAs.
| Cash ISA | Traditional savings account | |
|
Minimum age restriction |
18 |
Depends on the provider |
|
Minimum deposit |
£1+ | |
|
Maximum deposit |
£20,000 per tax-year |
Depends on the provider |
|
Tax liabilities |
All interest is automatically tax-free |
Interest is only tax-free below the Personal Savings Allowance |
|
Joint availability |
Not available as a joint account |
Depends on the provider |
|
Varieties |
Easy access ISA, fixed rate ISA, notice ISA, regular savings ISA |
Easy access account, fixed rate bond, notice account, regular savings account |
Cash ISAs have many advantages, including:
Compare the top rates for specific types of cash ISAs:
Or, explore other ISAs:
All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.
Send me Weekend Moneyfactscompare, Savers Friend, and Companies Friend.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
_Savings_125x100.png)
_Savings_MeteorSavings-1YearFixedRateCashISA(104932)_125x100.png)
_Savings_125x100.png)
_Savings_125x100.png)
_All_125x100.png)
_Savings_MeteorSavings-6MonthFixedRateCashISA(104446)_125x100.png)
_Savings_MeteorSavings-1YearFixedRateCashISA(106152)_125x100.png)
_All_125x100.png)
_Savings_MeteorSavings-2YearFixedRateCashISA(106153)_125x100.png)
_All_125x100.png)
_All_125x100.png)
_All_125x100.png)
_Savings_HLActiveSavings-5YearFixedRateCashISA(106579)_125x100.png)
_Savings_HLActiveSavings-EasyAccessCashISA(106382)_125x100.png)
_All_125x100.png)
_Savings_HLActiveSavings-1YearFixedRateCashISA(106580)_125x100.png)
