Last updated: 1 July 2025 at 14:10
Many top rates edge higher as the cash ISA allowance comes under threat.
In a blow to those looking to save tax-efficiently, the Chancellor of the Exchequer, Rachel Reeves, is reportedly set to reduce the amount that can be put away in cash ISAs each year.
While rumours of such a change have circulated since the Spring Statement earlier this year, it’s understood Government officials informed the Financial Times of Reeves’ intention to lower the allowance for cash ISAs, with a formal announcement expected in her Mansion House speech on 15 July.
Despite hopes this could encourage more people to invest with a stocks and shares ISA, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said the Government “must not penalise savers who have no desire to invest”.
“It’s vital that they tread carefully with any reforms and ensure they review the financial education surrounding investing to protect consumers,” she added.
Read more: Cash ISA allowance expected to be cut: What can you do?
In the meantime, savers can continue to deposit their entire ISA allowance in cash ISAs should they so wish.
Below, you can find out more about accounts offering some of the best easy access, fixed and notice cash ISA rates on the market. These products can all be accessed by new customers with minimum deposits of up to £10,000. Keep in mind higher rates may be available to existing customers or those with a larger initial deposit.
For a more detailed overview of the cash ISA market, visit our charts; alternatively, to find out more about these tax-free savings accounts, view our ISA guides.
