Best ISA Rates

Find the best interest rate ISA, to make the most of your tax free allowance this year.

Cash ISA

from Plum

Interest Rate (AER) 5.17%
  • Term: Easy Access *Up to three withdrawals can be made within each 12-month without affecting the interest rate. More than three withdrawals made within each 12-month period, a lower rate of 3.00% (variable) will be applied
  • Invest From: £1
See Deal MARKET LEADING EASY ACCESS CASH ISA

Mobile App only account. *Includes a bonus of 0.88% AER (variable) if account held for 12 months. Transfer in any ISAs you hold with other providers. Interest rates drop if more than three withdrawals per year. Covered by FSCS. Rate when you transfer in your existing ISA – 4.29% AER (variable). Rate for each 12-month period after your first 12 months – 4.29% AER (variable). Rate when balance drops below £100 or after your fourth annual withdrawal – 3.00% AER (variable). Must be UK resident and be aged 18 or older

Cash ISA

from Moneybox

Interest Rate (AER) 5.16%
  • Term: Easy Access. *Up to three withdrawals can be made within each 12-month period from the date of opening without affecting the interest rate. More than three withdrawals made within each 12-month period, a lower rate of 0.75% (variable) will be applied
  • Invest From: £500

Mobile App only account. *The Moneybox Cash ISA includes a 4.25% AER variable underlying rate and a bonus rate of 0.91% for the first 12 months. Up to three withdrawals can be made within each 12-month period from the date of opening without affecting the interest rate. Transfer in any ISAs you hold with other providers into a Moneybox Cash ISA, entirely in-app. Covered by FSCS. If more than three withdrawals made within each 12-month period, a lower rate of 0.75% (variable) will be applied for the rest of that 12-month period. The lower interest rate of 0.75% will also apply if the account balance dips below £500, automatically returning to the higher interest rate when the balance returns to £500 or more again. Must be UK resident and be aged 18 or older

Limited Issue Online Easy Access Cash ISA

from Leeds Building Society

Interest Rate (AER) 4.75%
  • Term: Easy Access
  • Invest From: £1,000

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

Flexible Cash ISA

from Ford Money

Interest Rate (AER) 4.40%
  • Term: Easy Access
  • Invest From: £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. ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older

E-ISA Instant Access Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.45%
  • Term: Instant Access
  • Invest From: £1

Low minimum deposit. 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

1 Year e-ISA

from Yorkshire Building Society

Interest Rate (AER) 4.65%
  • Term: 1 Year
  • Invest From: £100

Interest paid at maturity. ISA transfers also allowed in. Tax free interest. FSCS Protected. Must be UK resident and be aged 16 or older. No withdrawals permitted. Closure permitted with 60 days’ loss of interest

1 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 4.60%
  • Term: 1 Year
  • Invest From: £100

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 90 days lost interest

1 Year Triple Access Cash ISA

from Nationwide

Interest Rate (AER) 4.25%
  • Term: 1 Year, with option to make three free withdrawals
  • Invest From: £1

Make up to three withdrawals during the 12-month term of this account. Tax free ISA account. Open with £1 or transfer in existing ISA funds. Invest up to £20,000 per tax year. 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 2.15% AER/gross p.a. (variable). Not available in branch

2 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 5.35%
  • Term: 2 Years
  • Invest From: £100

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 180 days lost interest

3 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 4.15%
  • Term: 3 Years
  • Invest From: £100

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

What is a Cash ISA?

A Cash ISA is a type of tax free savings account.

You can contribute up to £20,000 into a Cash ISA per tax year, and all the interest you earn on your savings is 100% free from tax.

Savings outside of an ISA are subject to income tax on the interest you earn, so this is where the value of an ISA comes in.

What are the best Cash ISA Rates?

You can choose between a fixed or variable interest rate with your Cash ISA.

Here are the key features of each type of interest rate so you can see which one suits you best:

Fixed Rate Cash ISA

  1. Fixed terms range from 1 to 5 years – you can’t make withdrawals in this time without being charged or losing your interest
  2. Generally, the longer fixed term you commit to, the better ISA interest rates you receive
  3. The interest rate you are quoted is guaranteed for the duration of your term

Variable Rate Junior Cash ISA

  1. Generally, variable rate Cash ISAs have lower interest rates than fixed term Cash ISAs
  2. You can usually transfer away or make withdrawals free of charge without being charged or losing your interest
  3. The interest rate you get can be changed by your Cash ISA provider and isn’t guaranteed

Depending on how comfortable you are with committing to a fixed term with your ISA, the longer fixed term you take out, the better interest rate you receive.

You can compare Cash ISA interest rates and terms above, but you should also think about:

  1. What kind of customer service does your Cash ISA provider?
  2. Can you access your account online?
  3. How often can you make withdrawals, and will you be charged?
  4. What is the minimum investment amount?

How do I apply for a Cash ISA?

You can apply for a Cash ISA online once you have settled on an ISA provider and type of account to invest in.

You will need to have the following information on hand to open your account:

  1. Your National Insurance number
  2. Your debit card details if you want to make a lump-sum contribution
  3. Your bank details if you are going to set up a regular Direct Debit contribution

You can also apply for some Cash ISAs over the telephone, or using a postal form and a cheque if you prefer this method.

Cash ISA Eligibility

In order to be eligible to open a Cash ISA you must be:

  1. At least 16 years old
  2. A resident of the UK – if you do not live in the UK then you must be either a Crown Servant or the spouse/civil partner of one

Can I transfer an existing Cash ISA to a new one?

If you find a Cash ISA with great interest rates, you can usually transfer your previous year’s Cash ISAs into the new one. Check with your new provider on how to do this, but it usually involves completing a transfer form and posting it to your new ISA provider.

Make sure to check with your previous ISA provider to ensure that you are not charged for transferring out or lose any of your interest, which could happen if you currently invest in a fixed rate ISA.

You can also transfer to and from Stocks and Shares ISAs and Cash ISAs if you wish to change your investment strategy. 

Frequently Asked Questions

Am I committed to one ISA provider forever?

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

Are ISA accounts safe?

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

Can I withdraw money from an ISA?

You can withdraw money from a Stocks and Shares ISA at any time provided that you sell the underlying investments first.

You can withdraw from a variable-rate Cash ISA at any time.

Withdrawing from a fixed-rate Cash ISA may incur charges if you do so before the end of the specified fixed term.

How much can I contribute to an ISA?

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.

When does the ISA tax year run to?

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

Can I transfer my Cash ISA into a Stocks and Shares ISA?

Yes, you can transfer from your Cash ISA to a Stocks and Shares ISA at any time. However, do check you won’t lose out by transferring, as some Fixed Rate Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended