The best cash ISA rates today

The best easy access cash ISA rates

Competition in the easy access ISA market stepped up a notch yesterday as Moneybox leapfrogged the top providers to offer the market-leading rate of 5.25% AER. Not to be outdone, Trading 212 today raised the rate on its Cash ISA Promo Rate to 5.25% AER to join Moneybox at the top of our charts.

The Moneybox Cash ISA pays this rate on anniversary on a minimum opening deposit of £500, but savers should bear in mind that this rate includes a 1.05% bonus for just three months. Available online and via mobile app, this ISA allows further deposits without restriction but pays a significantly lower 0.75% AER if savers make more than three withdrawals within a 12-month period.

Trading 212 also pays 5.25% AER but, again, savers should note that this includes a 0.75% bonus for three months. Applicants from Moneyfactscompare.co.uk can access this rate, which is paid monthly, when opening the account online or via mobile app by 24 March 2025 with a minimum deposit of £1. The account can then be managed via the same means and, unlike Moneybox, there is no limit on the number of penalty-free withdrawals you can make. Furthermore, as a flexible ISA, savers can replace any funds they’ve deposited in the same tax-year without affecting their ISA allowance. However, before applying, be sure to check this provider’s partner banks to ensure your money will be covered by the Financial Services Compensation Scheme (FSCS).

Chip now sits in second position on our chart, although its Chip Cash ISA continues to pay a very competitive 5.03% AER monthly (inclusive of a 0.71% AER bonus for three months). This app-based account can be opened with a minimum deposit of just £1, but bear in mind its introductory bonus only applies if you input the promo code 3MONTHISA within 14 days of downloading the Chip mobile app. Once opened, it permits unlimited penalty-free access to your cash and, as a flexible ISA, allows withdrawn funds to be replaced without it counting towards your annual ISA allowance.

Meanwhile, Plum recently increased the rate on its Plum Cash ISA to pay 5.02% AER monthly (inclusive of a 1.48% AER bonus for 12 months). However, while this fellow app-based account can also be opened with a £1 minimum deposit, its headline rate only applies to balances of £100 or more. Any time the funds in your account fall below this threshold, or if you make more than the three permitted penalty-free withdrawals per year, keep in mind your returns will drop to 2.50% AER. Similarly, although this account accepts transfers in from other cash ISAs and stocks and shares ISAs, the introductory bonus won’t apply if opened via ISA transfer and you’ll instead receive the lower, underlying rate of 3.54% AER.

The best fixed cash ISA rates

The market-leading rate on one-year fixed ISAs continues to inch ever higher, as Shawbrook Bank now offers the top rate of 4.50% AER. Its 1 Year Fixed Rate Cash ISA Bond Issue 116 can pay this rate monthly or on maturity, depending on your preferences, and requires a minimum opening deposit of £1,000. While savers can continue to add to their savings without restriction (unlike some fixed ISAs), it’s worth bearing in mind that any transfers in from any external ISAs must be made at the time of the initial application. And, if savers want to access their savings before the end of the one-year term, this is subject to a 90-day loss of interest. This ISA is available online and offers the additional option to manage it by phone.

Otherwise, Close Brothers Savings continues to offer the best returns on a two or three-year fixed ISA. A more substantial £10,000 deposit is needed to open its 2 Year and 3 Year Fixed Rate Cash ISAs online, which pay 4.41% AER and 4.43% AER, respectively. These accounts can additionally be managed by post or over the phone and accept both further deposits and transfer instructions for up to 10 days from opening. However, keep in mind early access is only available upon account closure and is subject to a respective 150- and 270-day loss of interest penalty.

As for securing guaranteed returns for longer, Hodge Bank offers the best five-year fixed ISA rate. Its 5 Year Fixed Rate Cash ISA, which is only available online, pays 4.31% AER either monthly or on anniversary. This account requires a £1,000 minimum deposit – additions to which can be made for a further 14 days via a nominated account. Early access is available subject to a lengthy 365 days’ loss of interest but, as transfers in aren’t accepted, you may need to compare other options if you have money in an existing ISA you’re looking to move across.

The best notice cash ISA rates

Tipton & Coseley BS continues to offer the best returns on an ISA requiring up to 30 days’ notice before making a withdrawal. Paying 4.20% AER yearly, its 30 Day Notice ISA (Mobile App Account) can be opened via mobile app with a £1,000 deposit and then additionally managed over the phone. Any transaction must take place via a nominated account, while early access is available subject to a 30-day loss of interest penalty. Note that withdrawals must be a minimum of £500.

Alternatively, the same rate can be found from Vanquis Bank; its 30 Day Notice Cash ISA (Issue 2) offers 4.20% AER either monthly or on anniversary. This account also requires a £1,000 minimum deposit to open and manage online and permits early access subject to 30 days’ loss of interest. What’s more, it follows flexible ISA rules.

After West Brom BS cut rates at the end of last week, the market-leading notice ISA rate edged lower and is now offered by two accounts from Tipton & Coseley BS. Both accounts pay 4.50% AER yearly on a minimum deposit of £1,000 and require a 60-day notice period for withdrawals. While savers can add to their account without restriction, a 60-day loss of interest will apply if they don’t wait the full 60-day notice period when withdrawing funds. As with the 30-day account, all withdrawals must be £500 or more.

To open and manage these accounts, the provider’s 60 Day Notice ISA (Mobile App Account) is available via mobile app with the extra option to manage it by phone. All transactions must be made via a nominated account. Meanwhile, the 60 Day Notice ISA can be opened and managed in branch or via post and can also be managed by phone. This account only allows withdrawals via cheque.

That being said, savers should bear in mind better returns are available from the market-leading no notice ISAs.