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Compare Cash ISAs

Pick the best cash ISA to save your tax free allowance.

Flexible Cash ISA

from Ford Money

Interest Rate (AER) 1.35%
  • Term: Easy Access
  • Minimum deposit £1
  • Interest can be paid monthly or annually
  • Flexible ISA - you can replace any cash you withdraw from your ISA within the same tax year without it counting towards your annual ISA allowance
  • Unlimited deposits and withdrawals permitted
  • ISA transfers in allowed
  • FSCS Protected
  • Must be 16 or over to apply

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

1 Year Triple Access Cash ISA

from Nationwide

Interest Rate (AER) 1.00%
  • Term: 1 Year, with option to make three free withdrawals
  • Make up to three withdrawals during the 12-month term of this account
  • Open with £1 or transfer in existing ISA funds
  • Manage your account online
  • Interest paid at maturity
  • FSCS Protected
  • Must be UK resident and aged 16 or older
  • Make more than three withdrawals and the rate drops to 0.01% AER/gross p.a. (variable)
  • Not available in branch

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Limited Issue Online Easy Access Cash ISA

from Leeds Building Society

Interest Rate (AER) 0.86%
  • Term: Easy Access
  • Interest paid annually
  • Unlimited deposits and withdrawals
  • ISA transfers also allowed in
  • Open and manage online
  • FSCS Protected
  • Must be UK resident and be aged 18 or older

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

1 Year Fixed Rate Cash ISA

from Ford Money

Interest Rate (AER) 2.15%
  • Term: 1 Year
  • Minimum deposit £500
  • Interest can be paid monthly or annually
  • Unlimited deposits in the first 14 days from application
  • 14 day cooling off period where you’re free to cancel without charge
  • ISA transfers in allowed
  • FSCS Protected
  • Must be 16 or over to apply
  •  Early withdrawals subject to 90 days lost interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

1 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 1.90%
  • Term: 1 Year
  • Interest paid annually
  • ISA transfers also allowed in
  • Open online, in branch or by post
  • FSCS Protected
  • Must be UK resident and be aged 18 or older
  • Withdrawals permitted subject to 60 days lost interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Limited Issue 16 Month Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.65%
  • Term: 16 Months
  • Interest paid annually
  • ISA transfers also allowed in
  • Open online, in branch or by post
  • FSCS Protected
  • Must be UK resident and be aged 18 or older
  • Withdrawals permitted subject to 105 days lost interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

2 Year Fixed Rate Cash ISA

from Ford Money

Interest Rate (AER) 2.45%
  • Term: 2 Years
  • Minimum deposit £500
  • Interest can be paid monthly or annually
  • Unlimited deposits in the first 14 days from application
  • 14 day cooling off period where you’re free to cancel without charge
  • ISA transfers in allowed
  • FSCS Protected
  • Must be 16 or over to apply
  •  Early withdrawals subject to 180 days lost interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

2 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.30%
  • Term: 2 Years
  • Interest paid annually
  • ISA transfers also allowed in
  • Open online, in branch or by post
  • FSCS Protected
  • Must be UK resident and be aged 18 or older
  • Withdrawals permitted subject to 150 days lost interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

3 Year Fixed Rate Cash ISA

from Hampshire Trust Bank

Interest Rate (AER) 2.50%
  • Term: 3 Years
  • Minimum Deposit £1
  • Interest paid annually
  • ISA transfers also allowed in
  • Maximum deposit £250,000
  • FSCS Protected
  • Winner of Platinum Feefo Trusted Service Award in 2021
  • Must be UK resident and be aged 18 or older
  • No withdrawals permitted

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

3 Year Fixed Rate Cash ISA

from Ford Money

Interest Rate (AER) 2.50%
  • Term: 3 Years
  • Minimum deposit £500
  • Interest can be paid monthly or annually
  • Unlimited deposits in the first 14 days from application
  • ISA transfers in allowed
  • 14 day cooling off period where you’re free to cancel without charge
  • FSCS Protected
  • Must be UK resident and aged 16 or older
  •  Early withdrawals subject to 270 days lost interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

3 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.35%
  • Term: 3 Years
  • Interest paid annually
  • ISA transfers also allowed in
  • Open online, in branch or by post
  • FSCS Protected
  • Must be UK resident and be aged 18 or older
  • Withdrawals permitted subject to 240 days lost interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

5 Year Fixed Rate Cash ISA

from Hampshire Trust Bank

Interest Rate (AER) 2.60%
  • Term: 5 Years
  • Minimum Deposit £1
  • Interest paid annually
  • ISA transfers also allowed in
  • Maximum deposit £250,000
  • FSCS Protected
  • Winner of Platinum Feefo Trusted Service Award in 2021
  • Must be UK resident and be aged 18 or older
  • No withdrawals permitted

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

5 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.50%
  • Term: 5 Years
  • Interest paid annually
  • ISA transfers also allowed in
  • Open online, in branch or by post
  • FSCS Protected
  • Must be UK resident and be aged 18 or older
  • Withdrawals permitted subject to 365 days lost interest

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Cash ISAs 2022

UK savers who keep money in long term savings accounts or Cash ISAs where returns are historically lower on fixed-rate products will be doing very well to keep their money's buying power ahead of inflation.

"Are you one of the 8.5 million adults that subscribed more than £44 billion into Cash ISAs in the last tax year, or maybe you’re part of the £268 billion currently held in Cash ISAs?

Make sure you get the best deal possible using our cash ISA comparison tables.

What is a cash ISA?

A cash Individual Savings Account (ISA) is a tax-free savings account which allows you to save up to a set amount of money per financial year without paying any tax on it; you can check the current cash ISA limit by clicking here. To open an account, you need to be a UK resident or Crown employee aged 16 or over. You can only have one cash ISA per tax year, but you can also have a different type of ISA, known as a stocks and shares ISA, simultaneously.

Benefits of a Cash ISA

There are three key benefits to a cash ISA:

  1. No income tax - you don't pay tax on any interest you earn from the cash in your ISA.
  2. Easy access - if you choose an instant access cash ISA (rather than a fixed-rate cash ISA), it's a convenient way to save at a reasonable interest rate while retaining fast and easy access to your money, should you need it.
  3. Easy transfers - if you find an ISA provider that offers a better deal than your current provider, you can transfer your cash ISA to them.

How much tax can I save with a cash ISA?

The good news is that whatever your tax bracket, you'll pay 0% tax on any savings held in a cash ISA. Compare this to the usual tax rates on savings:

If you're a basic rate taxpayer...
you would usually pay 20% tax on interest earned from savings.

If you're a higher rate taxpayer...
you would usually pay 40% tax on interest earned from savings.

If you pay tax at the additional higher rate...
you would usually pay 50% tax on interest earned from savings.

If you pay the 'savings rate' of tax for savings...
you would usually pay 10% tax on interest earned from savings.

Using your cash ISA allowance can therefore save you money by allowing you to keep 100% of any interest you earn.

The above information gives you a general idea of what you could save - remember that it depends on your circumstances and may be subject to change in the future.

Can I transfer a cash ISA?

It depends on your circumstances. If you've got some money saved as a lump sum from a previous tax year, you'll usually be permitted to transfer this from one cash ISA to another, or to a stocks and shares ISA. This transfer shouldn't affect your ISA investment allowance for the current tax year.

Which type of cash ISA is right for me?

An instant access cash ISA might be the right choice for you if...

  1. You want a good rate of interest, plus the ability to get hold of your money quickly if necessary.
  2. You want to take advantage of your annual tax-free savings allowance but only have a small amount to deposit - instant access ISAs can be opened from as little as £1.
  3. You want to be paid regular interest - instant access ISAs usually offer monthly or quarterly interest.

A fixed-rate cash ISA might be right for you if...

  1. You are happy to put your money aside for a set period of time - this usually allows you to accrue a higher interest rate than you might get with an instant access cash ISA.
  2. You want to take advantage of your tax-free savings allowance and have a lump sum to deposit - many fixed-rate cash ISAs require an initial deposit of around £1000.

Use our services to help you choose

Like any investment option or financial service, it's essential to research your options before committing to a cash ISA. You might find our services useful for:

Comparing cash ISAs, including instant access ISAs and fixed-rate ISAs

Comparing cash ISAs with other savings options

Top tips for making the most of your cash ISA

  1. You can only have one type of cash ISA in each financial year, so research your options carefully. Whether you choose a fixed-rate or instant access cash ISA, give some thought to your savings goals beforehand to help you determine what's right for you.
  2. Remember that you can't carry your tax-free allowance over from one financial year to the next - so if you've got enough cash to hit your limit, stash it in an ISA.
  3. Because a cash ISA operates on a year-long basis, it's an excellent way to try your hand at saving without committing yourself to anything long-term. It's also a great way to save for a specific event like a wedding, holiday, or starting a family.
  4. Once you've set up your cash ISA, make sure you still keep an eye on the interest rates available from other providers. You can usually switch cash ISA providers without incurring any charge.
  5. To make life easier, set up a direct transfer from your current account into your cash ISA to ensure that you put aside a certain amount each month without fail.
  6. Don't forget that you've got the option of opening a stocks and shares ISA. For more on this, see our page on stocks and shares ISAs.
James Caldwell
Edited by James Caldwell - ISA.co.uk
Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.