The best cash ISA rates this week

The best easy access cash ISA rates

There’s no change to the top easy access ISAs this week after rates previously fell, with Moneybox again leading the charge. Its Moneybox Cash ISA offers savers with a £500 minimum deposit 5.46% AER monthly, which includes a 1.51% AER bonus for the first three months. However, keep in mind this headline rate drops to 0.75% AER if your balance drops below £500 or if you make more than three withdrawals in the space of 12 months. The account can be opened and managed online or via app, though is only available to new customers. Before opening make sure to check Moneybox’s partner banks to ensure your investment is covered by the Financial Services Compensation Scheme (FSCS).

Savers will find Plum continues to offer the next best returns in the sector; its app-based Plum Cash ISA pays 4.85% AER monthly when considering an even larger 1.56% AER 12-month bonus. While the account only requires a £1 initial investment, to get this bonus you’ll need to maintain a minimum £100 balance and make sure the account is not opened via an ISA transfer. Also consider that this bonus will be lost should you make four or more withdrawals in a year, leaving you with 3.29% AER.

The Chip Cash ISA from fellow app-exclusive provider Chip maintained its competitive spot, however, it reduced its underlying rate to 3.04% AER and raised its 12-month bonus rate to 1.78% AER, which is now only available to new customers. Otherwise, this account can be opened and managed via app from as little as £1 and permits further contributions and withdrawals without restriction. As a flexible ISA, you’ll also be able to remove and replace funds without affecting your annual ISA allowance.

The best fixed cash ISA rates

While longer terms saw considerable changes this week, those after a one-year fixed rate ISA can find Virgin Money holding steady in pole position on our chart. Its 1 Year Fixed Rate Cash E-ISA Issue 668 pays 4.27% AER monthly or yearly from £1 until it matures on 24 June 2026 and is available online. You’ll be able to add to your initial balance for up to 30 days after initial opening, with early access subject to a 60-day loss of interest penalty.

Meanwhile, Hampshire Trust Bank made a series of increases and now takes leading positions across the fixed ISA market. Its 2 Year Online ISA Fixed Saver (Issue 37) now leads the two-year sector, while its 3 Year Online ISA Fixed Saver (Issue 8) offers market-leading three-year returns. If you want to fix rates for longer, the provider’s 5 Year Online ISA Fixed Saver (Issue 3) now tops our five-year ISA chart. All three accounts pay the same 4.20% AER on anniversary and can be opened online from a £1 minimum investment; they can additionally be managed by phone. Via a nominated account, you can add to these accounts for up to 14 days after opening, though be aware loss of interest penalties apply when attempting to access funds before the end of the terms. These are set at 180, 270 and 450 days for the two-, three- and five-year accounts respectively.

The best notice cash ISA rates

Harpenden BS holds onto its lead on our 30-day notice ISA chart, with its Online 14 Days' Notice ISA Account (Issue 1) paying 4.24% yearly. Operating exclusively online, this option can be opened from a £1,000 deposit which can be added to without penalty. On the other hand, withdrawing funds requires serving the full 14-day notice period and must be via a nominated account.

Alternatively, a higher 4.35% AER is available for savers willing to wait up to 60 days before accessing their cash. West Brom BS’ 60 Day Notice ISA (Issue 1) can also be opened and managed online and offers these returns monthly or yearly from only £1. Further additions are permitted at any time for this account, as is early access, however, savers should note the latter comes at the cost of 60 days’ interest.