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
1.00%Instant AccessMore Info >
MARKET LEADING: Earn 1.00% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.
0.75%Easy AccessMore Info >
0.75% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate** until 31st December 2017. Unlimited withdrawals without restriction or loss of interest.
5.00%Current Account
Instant Access
More Info >
5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
5.00%Current Account
Instant Access
More Info >
5.00% interest on balances up to £2,000 PLUS 5% cashback on first £100 of Contactless payments every month. Must pay in a minimum of £500 into the account each month. No monthly account fee.
1.50%Current Account
Instant Access
More Info >
Monthly Interest of 1.50% AER (variable) payable on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Monthly Cashback on selected household bills. Must pay in £500 into the account each month.
0.75%Current Account
Instant Access
More Info >
Innovative new banking service powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.75% AER on ALL instant access savings balances, and 0.25% AER on current account balances up to £2,000. No monthly account fee
0.75%Easy AccessMore Info >
Earn 0.75% tax free/AER variable. Open with £100. Unlimited free withdrawals. Transfer in ISAs held elsewhere - no limit
0.35%Easy AccessMore Info >
Open with £1,000. Monthly and Annual Interest options. Access - Online, Telephone or Post. No notice period or fees on withdrawals.

Gross is the interest you will receive before tax is deducted.

AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

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

1.80%

per annum

£1,000Apply Now >
Earn 1.80% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest.

1.35%

per annum

£1,000Apply Now >
Earn 1.35% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available
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.