Selected ISAs
- Protection Scheme: FSCS
- Fund Choice: Managed or Fixed Allocation
- Invest From: Min. £500 single (+ £100 pm for ISAs below £5,000)
Cash ISA Calculator
Click here for ISA Calculator »
A cash Individual Savings Calculator is a program, mostly online, that helps you determine how much interest you could gain as interest on an ISA investment. While these tools only give a projection of the amount, they give valuable insight as to whether a certain interest rate is favorable and how much should be invested into the ISA regularly to give the best interest gains. A cash ISA calculator should not be used as the final determinant or decision maker when it comes to committing to a cash ISA. This is because it operates on assumptions to calculate a possible outcome on investment. That investment may gain more or less than estimated and is not an accurate measure.
Assumptions made on calculation
One of the assumptions made is that the individual will deposit money into the account on a regular basis. Cash ISAs give a lot of leeway when it comes to withdrawals and deposits. For that reason, it is not always necessary that an individual deposit money into the account on a regular basis in as long as the final tally on deposits does not exceed the cash ISA allowance limit.
Another assumption is that the market will be steady and the rates will be productive. Capital markets fluctuate all the time throughout the tax year. The market may grow or stunt considerably affecting the economical rates on conversion for the currency. Due to such changes therefore, the interest gained tends to fluctuate.
Another assumption made is that there shall be fixed tax rules throughout the duration of the tax year. The current tax allowance for ISAs exempts them from having to be taxed on interest made. However, the rules might change and in such a scenario, the tax rate could affect the projected figures.
It is also an assumption that there shall be no withdrawals made on the account. Most of the calculators work under the premise of compound interest. A withdrawal, which in reality will happen at one point or the other, has significant impact on interest.
Benefits of a cash ISA calculator
One of the benefits of using a cash ISA calculator is that it helps you predict your annual growth on a certain interest rate. From this prediction, you can then determine whether the interest rate offered is sufficient for your goals or whether you need to find a different rate elsewhere.
An ISA calculator also helps in determining how much money you should deposit on a regular basis, and at what time interval, to make it to the allowance limit, without having to compromise your financial situation.
Click here for ISA Calculator »
Stocks & Shares ISAs
Types of Stocks and Shares ISA include:
Stocks and Shares ISAs
Latest News
Peer To Peer ISA – 5 Ideas For Your 2018/19 ISA
15th August 2018
Savings accounts and cash ISAs are struggling to stay ahead of inflation this year. With your annual ISA investment limit raised to £20,000 last year, this may be the time you want to look at a new type of ISA which offers around double the yield of a Cash ISA (with an increased risk, naturally).
Newsletter Signup
Sign up to our Newsletter to get exclusive news and offers direct to your inbox.
About us
ISA.co.uk is a trading style of Fair Investment Company.
We've been comparing and recommending ISAs for many years so you can trust you're in good hands.
About usI found the way the different options are presented very clear - much more useful than some other comparison sites. I sent it to my daughter as well.
Very informative, find myself a good ISA account with best return in terms of interest.
Easy to navigate, all required information was to hand. Professional looking site!
ISA.co.uk has a really attractive and simplistic design. I've found it easier to use than other similar comparison sites. The products are simply described, it's informative and the pros and cons are really clear. Great website.
Easy to use website and up to date. Saved the link on my tablet.
The website was very useful and informative.
ISA can be confusing at first and this site includes a useful and helpful introduction into the world of ISAs
Excellent website - clear and helpful information about different products - and a trustworthy partner.
Quick and professional service provided
Very insightful and easy to navigate.. would recommend to anyone interested
Clear concise information that was easy to understand!
Easy to use website and up to date. Saved the link on my tablet.
simple, informative and clear - found what I was looking for straight away. Thank you.
Really simple to use and all the information was clear with lots of products available. The interest calculator was really handy too. Have bookmarked and will definitely use again.
Very helpful site for my investment isa
This was a really user-friendly site, and was very helpful when it came to comparing accounts and choosing my 2016 ISA.
Easy to use website and up to date. Saved the link on my tablet.
If you wish to invest in an ISA this site has it all. A super comprehensive range of simply explained products from all the major companies.
Very knowledgeble company with an extensive range of services, a great website with loads of useful information.
Really informative and easy to use site. Information is laid out very clearly and comparisons have all the plus & minuses I'm interested in, so makes me feel like I am making an informed decision. There was also a lot of additional information which would be incredibly helpful to someone completely new to ISAs who wanted to read up on the basics.
excellent website, helped me to understand how i can get started with ISA's and helped me to narrow down great deals!