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Compare Our Top-Rated Cash ISAs

Updated: 7th June 2021

Cash ISAs allow you to protect your interest earnings from the tax man. That’s right, any interest earned in a cash ISA account is tax-free. For the 2021/22 tax year (ending 5 April 2022), the ISA allowance is £20,000.


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Great for: Competitive fixed rate ISA interest
4.5 stars question mark
charter savings bank logo
  • Interest Rate (AER):

    0.47%
  • Account Type:

    1 Year Fixed Rate ISA
  • Account Minimum:

    £5,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £5,000
  • Maximum account balance £1,500,000
  • Deposit must be made within 30 days of opening, and must be paid in as one lump sum
  • Interest paid annually
  • Save up to the annual statutory limit of £20,000 each tax year

what we like

  • Tax free saving
  • Competitive interest rate
  • Allows ISA transfers from other providers

WHAT YOU NEED TO KNOW

  • Minimum deposit £5,000
  • Maximum account balance £1,500,000
  • Deposit must be made within 30 days of opening, and must be paid in as one lump sum
  • Interest paid annually
  • Save up to the annual statutory limit of £20,000 each tax year

DISCLAIMER

Great for: Highly competitive fixed rate interest in a cash ISA
4.5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.55%
  • Account Type:

    2 Year Fixed Rate ISA
  • Account Minimum:

    £500

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £2,000,000
  • Deposits must be made within 14 days of opening, but can be done via an unlimited number of payments
  • Choice of annual or monthly interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

what we like

  • Tax free saving
  • Highly competitive interest rate
  • Unlimited deposits within the first 14 days of opening

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £2,000,000
  • Deposits must be made within 14 days of opening, but can be done via an unlimited number of payments
  • Choice of annual or monthly interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

DISCLAIMER

Great for: Competitive fixed rate ISA interest
4.5 stars question mark
Paragon logo
  • Interest Rate (AER):

    0.60%
  • Account Type:

    2 Year Fixed Rate ISA
  • Account Minimum:

    £500
  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £500,000
  • Fixed interest rate
  • You have 28 days from the date of application to make your initial deposit - by one payment
  • Quickly transfer your existing ISA from other providers
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Early withdrawals are subject to a penalty

what we like

  • Competitive fixed interest rate
  • Quickly transfer your existing ISA from other providers
  • Choice of monthly or annual interest payments

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £500,000
  • Fixed interest rate
  • You have 28 days from the date of application to make your initial deposit - by one payment
  • Quickly transfer your existing ISA from other providers
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Early withdrawals are subject to a penalty

DISCLAIMER

Great for: Competitive fixed rate ISA interest
4.5 stars question mark
Paragon logo
  • Interest Rate (AER):

    0.70%
  • Account Type:

    3 Year Fixed Rate ISA
  • Account Minimum:

    £500
  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £50,000
  • Competitive fixed interest rate
  • Choice of annual or monthly interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

what we like

  • Competitive fixed interest rate
  • Set up and manage your account easily online
  • Tax-free savings up to the current limit of £20,000 each tax year

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £50,000
  • Competitive fixed interest rate
  • Choice of annual or monthly interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

DISCLAIMER

Great for: Flexible access cash ISA, save from just £1
4.5 stars question mark
Paragon logo
  • Interest Rate (AER):

    0.25%
  • Account Type:

    Easy Access Cash ISA
  • Account Minimum:

    £1
  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1
  • Maximum account balance £500,000
  • Variable interest rate
  • Unlimited access to your money
  • This is a Flexible ISA, so any funds withdrawn are added to your remaining ISA allowance to reinvest
  • No charges for additional deposits or withdrawals
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year

what we like

  • Tax free savings
  • Minimum deposit £1
  • Unlimited access to your money, plus funds withdrawn are added to your remaining ISA allowance

WHAT YOU NEED TO KNOW

  • Minimum deposit £1
  • Maximum account balance £500,000
  • Variable interest rate
  • Unlimited access to your money
  • This is a Flexible ISA, so any funds withdrawn are added to your remaining ISA allowance to reinvest
  • No charges for additional deposits or withdrawals
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year

DISCLAIMER

Great for: Competitive fixed rate - with tax savings
4.5 stars question mark
Shawbrook Bank logo
  • Interest Rate (AER):

    0.70%
  • Account Type:

    2 Year Fixed Rate ISA
  • Account Minimum:

    £1,000
  • Account Maximum:

    £250,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • Highly competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

what we like

  • Competitive fixed interest rate
  • Choice of monthly or annual interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • Highly competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

DISCLAIMER

Great for: Competitive fixed rate ISA interest
4.5 stars question mark
Shawbrook Bank logo
  • Interest Rate (AER):

    1.10%
  • Account Type:

    5 Year Fixed Rate ISA
  • Account Minimum:

    £1,000
  • Account Maximum:

    £250,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • Competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

what we like

  • Competitive fixed interest rate
  • Choice of monthly or annual interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • Competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

DISCLAIMER



Frequently Asked Questions

What is a cash ISA?

A cash ISA is a type of savings account where your interest earnings are protected from any income tax charges. You can only pay into one cash ISA during the tax year and you cannot exceed your individual ISA allowance.

Can you pay into multiple cash ISAs?

You can only pay into one cash ISA in a tax year. However, you can hold a cash ISA, a stocks and shares ISA, an innovative finance ISA and a lifetime ISA all in the same year.

How much can you put into a cash ISA?

Each of us has an ISA allowance for the tax year. For the year 2021/22 this is £20,000. You can spread your ISA allowance across a combination of ISA types, but you are only allowed to pay into one cash ISA. If you withdraw money and replace it during the same tax year, you may find that you use a portion of your ISA allowance by doing so.