Compare 2024/25 Cash ISAs
Account
NatWest 1 Year Cash ISA
Interest Rate
4.60%
Gross/AER
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Account
Royal Bank of Scotland 1 Year Cash ISA
Interest Rate
4.60%
Gross/AER
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Account
Leeds Building Society 1 Year Cash ISA
Interest Rate
4.60%
Gross/AER
Gross/AER
Term
1 Year
Minimum Deposit
£100
Account
Yorkshire Building Society 1 Year e-ISA
Interest Rate
4.50%
Gross/AER
Gross/AER
Term
1 Year
Minimum Deposit
£100
Account
Leeds Building Society 2 Year Cash ISA
Interest Rate
4.35%
Gross/AER
Gross/AER
Term
2 Years
Minimum Deposit
£100
Account
NatWest 2 Year Cash ISA
Interest Rate
4.20%
Gross/AER
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Account
Royal Bank of Scotland 2 Year Cash ISA
Interest Rate
4.20%
Gross/AER
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Account
Leeds Building Society 3 Year Cash ISA
Interest Rate
4.15%
Gross/AER
Gross/AER
Term
3 Years
Minimum Deposit
£100
Account
Leeds Building Society Limited Issue Online Easy Access Cash ISA
Interest Rate
4.75%
Gross/AER
Gross/AER
Term
Instant Access
Minimum Deposit
£1,000
Account
Ford Money Flexible Cash ISA
Interest Rate
4.40%
Gross/AER
Gross/AER
Term
Instant Access
Minimum Deposit
£1
Account
Leeds Building Society E-ISA Instant Access Cash ISA
Interest Rate
2.45%
Gross/AER
Gross/AER
Term
Instant Access
Minimum Deposit
£1
Plan Name
MB UK 6Y Consolation Growth Deposit Plan
Potential Return
38%
if FTSE higher, or 18% if lower
if FTSE higher, or 18% if lower
Term
6 years
ISA Option
Plan Name
MB UK 3Y Growth Deposit Plan
Potential Return
24.05%
at end of term
at end of term
Term
3 years
ISA Option
Plan Name
MB UK 6Y Kick Out 95 Deposit Plan
Potential Return
6.25%
per annum
per annum
Term
Up to 6 years
ISA Option
Plan Name
MB UK 6Y Step Down Kick Out Deposit Plan
Potential Return
5.75%
per annum
per annum
Term
Up to 6 years
ISA Option
Plan Name
Goldman Sachs FTSE 100 Deposit Kick Out Plan
Potential Return
6.5% pa
(alternative defensive option: 5.85%)
(alternative defensive option: 5.85%)
Term
Up to 6 years
ISA Option
Plan Name
MB UK 4Y Fixed Annual Interest Deposit Plan
Annual Income
4.45%
fixed income per year
fixed income per year
Term
4 years
ISA Option
Plan Name
MB UK 4Y Fixed Monthly Interest Deposit Plan
Annual Income
4.38%
fixed income per year, paid monthly
fixed income per year, paid monthly
Term
4 years
ISA Option
Plan Name
MB UK 3Y Defensive Growth Deposit Plan
Potential Return
18.75%
at end of term
at end of term
Term
3 years
ISA Option
Plan Name
MB UK 2Y Growth Deposit Plan
Potential Return
13.5%
at end of term
at end of term
Term
2 years
ISA Option
Invest From
Any lump sum or £25 per month
Fund Choice
40,000+ UK and global stocks
Features
Low flat fee structure. Regular investing is free.
ISA Transfers
Important information: The value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. Tax treatment depends on individual circumstances and all tax rules may change in the future.
Invest From
£500 single
Fund Choice
Discretionary Investment Management
Protection Scheme
FSCS
ISA Transfers
Important information: Investment ISAs are tax-efficient wrappers for long term investments. Charges may apply. Capital at risk. Tax treatment depends on your individual circumstances and may change in the future. ISA transfer charges may apply, please check with your provider.
Invest From
£1
Fund Choice
Choose from a range of 36 funds and ETFs and 20 US stocks
Features
Select one of three simple starting options with a range of tracker funds or build your own investment portfolio by customising your investment options
ISA Transfers
Important information: The value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. Tax treatment depends on individual circumstances and all tax rules may change in the future.
Invest From
£25 per month or £1.50 per deal
Fund Choice
Over 2,000 funds, shares and more across 25 markets
Features
Manage your investments by providing a wealth of investment tools, videos, research and for customers with more than £4,000 in their account free access to Shares magazine.
ISA Transfers
Important information: The value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. Tax treatment depends on individual circumstances and all tax rules may change in the future.
Invest From
£25 per month or £100 single
Fund Choice
2,500+ funds
Features
Do-it-yourself or Ready-made-portfolios.
ISA Transfers
Important information: The value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. Tax treatment depends on individual circumstances and all tax rules may change in the future.
A Cash ISA works in the same way as an ordinary savings account with a bank or building society – except that you don’t pay tax on the interest you earn.
Earnings on ISAs are a trade-off between the better returns on Investment (Stocks and Shares) ISAs, and the lower-earning but more secure Cash ISAs, which are held securely with banks and building societies.
What makes Cash ISAs still attractive when your Personal Savings Allowance (PSA) already lets you earn £1,000 in interest tax-free?
If you’re a basic-rate taxpayer you would need to have £67,000 in the currently top-paying easy-access savings account before you’re in danger of earning more than your annual tax-free allowance in interest.
When might a Cash ISA be worthwhile?
- If security is your top priority. If the bank or building society that holds your ISA is authorised by the Financial Conduct Authority (FCA) the Financial Service Compensation Scheme (FCS) protects you for up £85,000 per lender.
- A top easy-access Cash ISA may pay more than the top easy-access savings account available. Shop around, and even if there’s no tax gain, go with the higher ISA rate.
- If you are a big saver, a Cash ISA is a winner: basic-rate taxpayers who are over their PSA will only earn £80 on every extra £100 they earn in interest outside of an ISA.
- And higher-rate taxpayers who are over their PSA will only get £60 of every £100 in extra interest earned outside of an ISA.
- If interest rates don’t stay as low as they currently are, the amount you’re earning on your savings and investments each year could start to add up. In which case it will prove useful to have your savings from earlier years already locked away in a tax-protected ISA.
- You can transfer savings from a lower-earning type of ISA into a higher-earning product at a later date, without losing your tax benefits (just check there aren’t any penalties).
What kind of Cash ISA suits you?
Paying in regularly
The earlier in the tax year you start paying into an ISA, the more interest you will earn.
- If you like the security of a Cash ISA, and it suits your budgeting to make regular savings every month to build up a bigger nest egg, you need a Regular Savings Cash ISA.
Check to see whether this type of ISA provider will charge a penalty if you want to withdraw any of your savings again.
Having access to your cash just in case
- If there’s a chance you may need to access some of those savings before year-end you need an Instant Access Cash ISA.
- And some providers of Flexible Cash ISAs let you replace that cash again later in the year without counting again as part of your total £20,000 annual paying-in limit.
Locking your savings away
If you’re happy to lock your savings up for a while, you can trade off flexibility for higher interest rates.
- Fixed Rate Cash ISAs pay a higher interest rate, but lock your money away for longer (usually one to five years). There’s usually a penalty for early withdrawal.
Can you have more than one Cash ISA?
You can have multiple ISAs but open only one cash ISA in each tax year.