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Compare Cash ISAs /

​Best ISA Rates

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

Limited Issue 30 Month Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.75%
  • Term: 30 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 180 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)

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)

5 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.15%
  • 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)

3 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.05%
  • 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)

2 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 2.00%
  • 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)

1 Year Fixed Rate Cash ISA

from Leeds Building Society

Interest Rate (AER) 1.55%
  • 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)

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) 0.71%
  • 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)

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. 

Oliver Roylance-Smith
Edited by Oliver Roylance-Smith - ISA.co.uk

Frequently Asked Questions

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

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. 

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.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2022/23 tax year.

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.

Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.