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Best Easy Access Cash ISAs

Easy Access Cash ISAs are tax-free savings accounts that usually allow savers to have easy access to their cash. They normally allow unlimited further additions which make them ideal for those wanting to regularly add to their savings, and withdrawals and transfers out can typically be made without penalty.

Compare today’s best rates in the chart below.

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Best rates - Easy access cash ISAs

Best rates - Easy access cash ISAs

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We found 155 products in total, of which 16 have links to providers.

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Selecting ‘Provider Links First’ brings all products that you can apply for directly via Moneyfacts to the top of the chart in rate order. Products that do not have an ‘Go To Provider's Site’ button will appear below, again in rate order. Selecting ‘Rate’ will change the chart to list all products in rate order. Products that have ‘Go To Provider's Site’ links will still be in the list but in rate position.

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  • Plum Plum Cash ISA
    AER
    5.17%
    Includes a bonus
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
  • Chip Chip Cash ISA (powered by ClearBank)
    AER
    5.10%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
  • Kent Reliance Cash ISA - Easy Access - Issue 49
    AER
    4.82%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Yearly
    Further Options ˅
    Go To Provider's Site
    AER
    4.82%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
  • Advertisement

    • AER

      4.75%

      Account Type

      Cash ISA

      Notice

      None

      Interest Paid

      Yearly

      Opening Account

      Desktop

      Managing Account

      Desktop

      • Looking for an individual savings account that gives you tax-free savings (meaning interest payable is exempt from income tax)? The Limited Issue Online Access ISA could help.
      • Manage your savings online. Minimum operating balance: £1,000. Full terms and conditions apply.
      • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
      • Tax benefits depend on your personal circumstances and could be changed in the future.
  • Charter Savings Bank Easy Access Cash ISA - Issue 45
    AER
    4.81%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    4.81%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
  • Leeds BS Limited Issue Online Access ISA (Issue 71)
    AER
    4.75%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Yearly
    Go To Provider's Site
  • Marcus by Goldman Sachs® Cash ISA
    AER
    4.75%
    Includes a bonus
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
  • SAGA Saga Cash ISA
    AER
    4.75%
    Includes a bonus
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
  • Buckinghamshire BS Double Access Cash ISA
    AER
    4.65%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Yearly
    Further Options ˅
    Go To Provider's Site
    AER
    4.65%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
  • Shawbrook Bank Easy Access Cash ISA - Issue 27
    AER
    4.50%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    4.50%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
  • Ford Money Flexible Cash ISA
    AER
    4.40%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    4.40%
    Account Type
    Cash ISA
    Notice
    None
    Interest Paid
    Monthly
    Go To Provider's Site
Depositor Protection

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme (FSCS) up to a maximum level of protection of £85,000 per person per institution. All new savings or bank accounts provided to UK customers are now covered by the FSCS.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing. To see existing customer accounts, select this option in the full search. 

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

Easy access cash ISAs explained

How does an easy access cash ISA work?

Also known as an ‘instant access ISA’ or ‘no-notice ISA’, an easy access cash ISA lets you add to and withdraw from your funds at any time so long as you don’t exceed the £20,000 annual ISA allowance. This type of account will typically offer a variable rate, meaning the amount of interest you earn can both increase and decrease over time.

Some easy access ISA rates will also include an introductory bonus; in this instance, it’s important to check you’re still receiving competitive returns once the bonus expires.

Other accounts may impose restrictions on the number of penalty-free withdrawals you can make within a given time frame. While further withdrawals are often permitted, exceeding this limit will most commonly result in a loss of interest penalty.

Easy access vs fixed rate cash ISAs

Easy access and fixed rate cash ISAs both come with their own sets of advantages and disadvantages; the right account for you will depend on your needs, circumstances and savings goals: 

  Pros Cons
Fixed rate cash ISAs
  • Offer a guaranteed interest rate
  • Typically offer higher interest rates in return for locking away your funds*
  • Don’t permit withdrawals
  • Can impose a loss of interest penalty and/or account closure to gain early access to your funds
  • May limit further additions to your pot

 

Easy access cash ISAs
  • Allow instant access to your cash
  • Offer variable returns, meaning the interest rate could decrease
  • Some impose restrictions on the number of penalty-free withdrawals you can make per year

 

 

*Recent economic volatility has resulted in the gap between fixed and variable rates narrowing. Some fixed accounts are currently offering lower rates than their easy access and notice counterparts due to uncertainty surrounding the future of the savings market.

Whether you should open an easy access or fixed rate cash ISA will depend on a number of factors, including the level of access you need to your cash, your savings goals and the wider economic outlook. If you know you’ll regularly need to dip into your savings, for instance, an easy access cash ISA will often provide the greatest level of access to your funds.

However, if you’re saving towards a longer-term financial goal, a fixed rate cash ISA may better help you achieve your target. In contrast to an easy access ISA, these accounts offer an interest rate which is guaranteed to stay the same over the course of its term. Find out more about fixed rate cash ISAs.

Otherwise, if you think interest rates will increase in the future, you may choose to bide your time with an easy access cash ISA. Conversely, if you think interest rates are likely to fall, you may want to lock in a competitive rate with a fixed rate cash ISA.

 

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Can I lose money in a cash ISA?

Cash ISAs are a largely risk-free way of saving, with the Financial Services Compensation Scheme (FSCS) protecting balances of up to £85,000 held in this type of account should your provider go bust.

While you can’t lose money with a cash ISA, you’ll want to make sure you’re maximising your savings by constantly reviewing top rates and considering switching if your account no longer offers competitive returns.

How do I open an easy access cash ISA?

An easy access cash ISA can be opened by applying directly with a provider. Some providers will allow you to apply online or by mobile app, while others will operate using more traditional means, such as in branch, over the phone or by post. Our charts provide further detail on the methods by which you can open and manage an account.

This process will often involve filling out documents with your personal details. Most accounts will require you to have a minimum deposit, while some providers may also ask you for photo ID and proof of address.

The minimum deposit will vary between accounts and providers; you can find out what this amount is by viewing ‘further details’ next to an account on our chart.

 

Image of Ella Mower

Ella Mower

Senior Content Writer

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