Latest Savings Commentary

Income is king

Oliver Roylance-Smith / 15 May 2012

Investing for income is always a popular investment theme, never more so than in recent months with income solutions ruling the roost over the ISA season for both the cash ISAs and investment ISAs. ... Read more

7% potential annual income, capital protected

Oliver Roylance-Smith / 10 May 2012

"The latest Fair Investment Income Deposit Plan offers capital protection plus the potential to earn 7% for each year the FTSE 100 remains between 4,500 and 7,000 points (yesterday’s clos... Read more

The savings dilemma and the rise of alternatives

Oliver Roylance-Smith / 01 May 2012

The economic landscape continues to create a real dilemma for savings and put a spotlight on the fixed rate bond. With yields on these lowering amid continued pressures on getting the most out of yo... Read more

Monthly Interest Savings Accounts ISA

An ISA is a tax-free savings account that could offer monthly interest payments to savers.  This could prove to be particularly useful to people who are looking to supplement their monthly income through the interest accrued on their savings, such as retired people or those taking a career break.


If you are looking to open a monthly interest Individual Savings Account, it is important that you compare a range of deals  available to you to ensure that you get the right account to meet your needs. Our monthly interest savings account ISA comparison tables below contain details of some of the best savings accounts currently available. Please see below for further information and to apply online:

Instant Access Savings Accounts Deals
ProviderAccountInterest Rate (AER)TermApply
3.17%Easy AccessApply Now >
Up to 3.17% AER (including 1.62% gross p.a. bonus for 12 months when you save £25,000 or more) Open with £1,000. Easy access, with 1 free withdrawal per year.
3.10%Instant AccessApply Now >
3.10% AER variable (3.06% gross p.a.) including a fixed bonus of 2.56% gross p.a. for 12 months from account opening. After 12 months the rate will revert to the standard variable rate.
3.06%Easy AccessApply Now >
3.06% gross/AER variable including 12 month fixed bonus of 2.06% paid until 30th June 2013. £1,000 minimum opening balance. Easy access. Online management.
3.01%Instant AccessApply Now >
Rate includes a 1.36% gross/AER fixed interest bonus for the first 12 months. Monthly interest available. Unlimited free withdrawals. Open with £1.
2.80%Easy AccessApply Now >
Includes a 0.89% bonus payment for the 1st 12 months giving you a return of 2.80% AER. Open with £1,000.
up to
2.50%		Instant AccessApply Now >
Earn tiered rates of up to 2.50% Gross/AER when you save £500 or more. Open with £1. Unlimited withdrawals. Save up to £1,000 each month.
1.51%Instant AccessApply Now >
From 0.6% - 2.01% with 12 month bonus.
0.75%Instant AccessApply Now >
0.75% including a 0.50% bonus on months where you don't make a withdrawal. Rate without bonus is 0.25%.
1.60%Instant accessApply Now >
1.60 AER/Gross variable. This rate includes a fixed introductory bonus of 1.50% AER for the first 12 months.
2.50%Instant accessApply Now >
Existing customers only. 2.50% AER/Gross (variable) on balances of £10,000 or more or 1.60% AER/Gross from £1 to £10,000. These rates include a fixed introductory bonus of 1.50% AER for the first 12 months.

Individual savings accounts (ISAs) offer:

 

  • Tax-free interest on your savings
  • Instant access (fixed rates also available)
  • Available to customers from the age of 16 or over


It is important that you make yourself aware of any restrictions that a monthly interest ISA savings account may have. For example, it could be the case that you may not be permitted to make more than a certain amount of withdrawals from the account, which may be unsuitable for your requirements. Additionally, once you have deposited your full ISA allowance, any  money you withdraw cannot be replaced until the following tax year.


The key to finding the most suitable monthly interest ISA savings accounts is usually to compare several different savings account deals from different providers, as these could vary greatly in what they offer.

Latest Fixed Rate Bond Deals
ProviderAccountInterest Rate (AER)TermApply
4.26%5 YearsApply Now >
Earn 4.26% gross/AER fixed for 5 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest.
3.72%3 YearsApply Now >
A rate of 3.72% Gross/AER fixed for 3 years. Deposit from £500. No additional withdrawals or deposits.
3.63%2 YearsApply Now >
A rate of 3.63% Gross/AER fixed for 2 years. Deposit from £500. No additional withdrawals or deposits.
Monthly interest savings accounts come in all shapes and sizes, including:

You can compare deals using the tables above to see if there's a monthly interest savings account to suit your needs and apply today.

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