Opening a cash ISA is a good way to ensure that you make the most out of your money through a tax-free savings vehicle. The minimum deposit on some cash ISAs is £1, whereas in other cash ISAs, the deposit limit may vary depending on the deal. Cash ISAs that require a higher initial deposit, often offer a better interest rate is likely to be higher also, so you may enjoy a better return on your savings.
The amount of tax free savings you can put away into a cash ISA for the 2014/15 tax year is £15,000. It is always important to compare cash ISA deals as much as possible so to ensure you find the best possible offer. You may wish to take a look at our cash ISA comparison tables below for more information: