The Best Easy Access Cash ISAs

Updated: 4th August 2021

Cash ISAs allow you to save for the future in a tax-free account. Adding the easy access feature to that means that you’ll also have ready access to your funds. Though expect to see lower interest rates in exchange for that flexibility.


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Here are MyWalletHero’s picks for the best easy access cash ISAs:

Great for: Flexible saving in a cash ISA

4.5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.30%
  • Account Type:

    Easy Access Cash ISA
  • Account Minimum:

    £1

WHAT YOU NEED TO KNOW

  • Minimum deposit £1
  • Maximum account balance £2,000,000
  • 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  • This is a Flexible ISA, so any funds withdrawn are added to your remaining ISA allowance to reinvest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

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  • Unlimited access to your money, plus funds withdrawn are added to your remaining ISA allowance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 £2,000,000
  • 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  • This is a Flexible ISA, so any funds withdrawn are added to your remaining ISA allowance to reinvest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

DISCLAIMER

Great for: Flexible access cash ISA, save from just £1

4 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  • This is a Flexible ISA, so any funds withdrawn are added to your remaining ISA allowance to reinvest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  • Unlimited access to your money, plus funds withdrawn are added to your remaining ISA allowance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 rate for easy access with tax savings

4 stars question mark
Shawbrook Bank logo
  • Interest Rate (AER):

    0.30%
  • Account Type:

    Easy Access Cash 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
  • If your account balance falls below £1,000 at any time, your interest rate will drop to 0.25%
  • Variable interest rate
  • Unlimited access to your money (minimum withdrawal £500)
  • No charges for cash 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
  • Unlimited access to your money (minimum withdrawal £500)
  • Competitive interest rate

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • If your account balance falls below £1,000 at any time, your interest rate will drop to 0.25%
  • Variable interest rate
  • Unlimited access to your money (minimum withdrawal £500)
  • No charges for cash withdrawals
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year

DISCLAIMER



Frequently Asked Questions

What is an easy access ISA?

An easy access ISA is a type of cash ISA that allows savers easy access to their cash. It is a savings account where the interest you earn on your savings is not taxed. You can typically make as many deposits as you want. Withdrawals and transfers are usually allowed without penalty, although this depends on the account. Interest rates with an easy access ISA tend to be lower than those of a fixed rate ISA or notice ISA.

Are easy access ISA rates always variable?

Easy access ISA rates are usually variable. They can go up or down at any time. You may also find that the headline interest rate includes an introductory bonus, which will expire after 12 months.

Can you move an easy access ISA to another ISA?

Yes, you can move an easy access ISA to another type of ISA. You can transfer your ISA from one provider to another at any time. And you are able to transfer your savings to a different type of ISA or the same type of ISA.

However, if you want to transfer money you’ve invested in an ISA during the current year, you must transfer all of it. This is because you are only allowed to pay into one cash ISA during the current tax year.