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High Interest ISA

Investment Fund ISAs

Multi Manager High Income

from Hargreaves Lansdown

Income Yield 5.03% pa - Interest Payable Monthly*

Why we like it: The Hargreaves Multi Manager High Income fund aims to deliver a high monthly income to clients by blending different types of funds and moving between different areas of the market when more attractive opportunities emerge. HL also aim to grow this income payment over time and therefore may invest in higher risk smaller companies they believe offer great potential for long term capital growth.

*Correct as at 30/4/2020

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

High Interest ISA

Technically, since there is no tax deductible on the interest gained in Individual Savings Accounts, each ISA can be considered a high interest ISA. However, there are certain ISAs that have much higher interests than others. These ISAs allows for a much greater return on investment regardless of the investment type, that is cash, stocks or shares. A high interest ISA is one that has a high interest rate throughout the entire term and mostly, these rates are fixed, as is the term of investment.

There are different types of high interest isa account:

Fixed rate ISA

In this account, the interest rate is pre-determined and fixed. Therefore the deposit made on this account gains a steady interest as per the set rate of interest. The set term for investment is annually. In the fixed rate ISA, which is arguably the highest interest ISA, the deposit or investment is made once. At the beginning of the term, the individual makes a single deposit or investment and cannot add more to the account. This ISA this therefore best for an individual with a fairly large sum of money and wishing to invest it all at once. After the deposit is made depending on provider criteria the individual usually cannot make any withdrawals from the account and has to wait until the end of the set term, which will depend on how long the term is for. Fixed rate ISA terms can vary typically from 1 year to 5 years. The interest gained is therefore greatly dependent on the initial deposit. An individual can deposit as high an amount as possible as long as it does not exceed the allowance limit, that is £20,000 for the 2019/2020 tax year.

Easy Access or Instant Access ISAs

These types of isa account can be instant access, easy access or notice accounts where it is possible to make regular deposits. An individual also has more flexibility with these accounts than with a fixed rate ISA. With these isa accounts the interest available may vary and may not provide the higher interest you can achieve through a fixed rate isa.

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

Best Stocks & Shares ISA Funds For Income - 5 Top Picks In 2020

22nd June 2020

With UK interest rates at a record low, if you are seeking income we have selected our 5 top picks that provide monthly, quarterly or bi-annual income payments to investors within an ISA.

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