Cash ISA Monthly Interest

Compare Monthly Interest Cash ISAs

There are many different types of cash ISA on the market, each offering different features that could best accommodate different people. One example is a cash ISA paying monthly interest.  Such accounts could be particularly beneficial to those who are looking to use the returns on their savings to supplement their monthly income, such as people in retirement or those taking a career break. Here is an outline of how cash ISAs that pay monthly interest typically work: 

  • Upon opening a cash ISA, you would be allowed to deposit funds up to the limit each tax year; in the tax year 2014/15, the limit is £15,000
  • Withdrawal arrangements will depend on the type of account – instant access tend to permit withdrawals without notice, however fixed term and structured cash ISAs tend to come with restrictions
  • Interest would be awarded to your account on a monthly basis.


We have compiled the following comparison tables to assist you with your search for a cash ISA. These include details of several different accounts currently available, including cash ISAs with a monthly interest option:

Fixed Rate Cash ISA Selection
ProviderAccountInterest RateTermApply

1.20%

per annum

3 YearMore Info >
  • Manage your account online
  • Withdraw cash early if you need to (subject to loss of interest)
  • Transfer from other cash ISA providers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Minimum opening balance of £1,000
1.15%3 YearMore Info >
  • Apply and manage your account online
  • Withdraw cash early if you need to (subject to loss of interest)
  • Transfer from other cash ISA providers
  • Interest paid annually into ISA
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 16 or older
  • Minimum opening balance of £500

1.15%

per annum

2 YearMore Info >
  • Manage your account online
  • Withdraw cash early if you need to (subject to loss of interest)
  • Transfer from other cash ISA providers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Minimum opening balance of £1,000
1.10%2 YearMore Info >
  • Apply and manage your account online
  • Withdraw cash early if you need to (subject to loss of interest)
  • Transfer from other cash ISA providers
  • Interest paid annually into ISA
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 16 or older
  • Minimum opening balance of £500
1.05%1 YearMore Info >
  • Apply and manage your account online
  • Withdraw cash early if you need to (subject to loss of interest)
  • Transfer from other cash ISA providers
  • Interest paid annually into ISA
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 16 or older
  • Minimum opening balance of £500

0.95%

per annum

1 YearMore Info >
  • Manage your account online
  • Withdraw cash early if you need to (subject to loss of interest)
  • Transfer from other cash ISA providers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Minimum opening balance of £1,000

If you would like to open a cash ISA with monthly interest, you could find it useful to compare cash ISAs from several different providers.  This could help you to secure the best possible deal available to you. Cash ISA’s paying monthly interest could have a range of benefits, as well as drawbacks. Some of the potential benefits that could come from taking out cash ISA with monthly interest are that; the payments could supplement your monthly income with interest payments, your savings will be tax free and as a consumer you will a wide range of account types to choose from.


A potential downside for some people could be that there is a limit to the amount that you could deposit each year, which applies even if you have made withdrawals and your account balance is below the yearly allowance.

 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.

Investments in Stocks & Shares ISAs do not contain the same degree of capital security as investments in deposits. Stocks and shares ISAs are designed as medium to long term investments of, for example, five years or more. 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.