Compare 2023/24 Cash ISAs

Deposit Plan Offer

Looking for a Capital Protected alternative to Cash?

Potential 17% after 3 years 

  • Potential 17% if the FTSE 100 has not fallen by more than 10% after 3 years
  • Equivalent to 5.66% per year
  • 3 year term
  • Available as cash ISA, non ISA or ISA transfer
  • Capital Protected – receive your initial capital back at the end of the term no matter how the FTSE 100 performs

Our view: The 17% potential return is equivalent to 5.66% growth each year which is significantly more than the current leading longer term savings rates

More Plan Details »

Account
Aldermore Bank 1 Year Cash ISA
Interest Rate
5.00%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Account
Aldermore Bank 2 Year Cash ISA
Interest Rate
4.65%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Account
Aldermore Bank 3 Year Cash ISA
Interest Rate
4.50%
Gross/AER
Term
3 Years
Minimum Deposit
£1,000
Account
Yorkshire Building Society 1 Year e-ISA
Interest Rate
4.45%
Gross/AER
Term
1 Year
Minimum Deposit
£100
Account
NatWest 1 Year Cash ISA
Interest Rate
4.30%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Terms and Conditions: You must be 16 or over and a UK resident. You must not have subscribed to another cash ISA in the same tax year. Sole accounts only. Rate available until 20th March 2024 for new customers and 25th March 2024  for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to our ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account prior to the Start Date of the account. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch or via telephone. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other Cash ISA other than a NatWest Help to Buy: ISA. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account of 90 day’s interest. The Early Closure Charge will be decided from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
Account
Hampshire Trust Bank 3 Year Cash ISA
Interest Rate
4.30%
Gross/AER
Term
3 Years
Minimum Deposit
£1
Account
Royal Bank of Scotland 1 Year Cash ISA
Interest Rate
4.30%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Terms and Conditions: You must be 16 or over and a UK resident. You must not have subscribed to another cash ISA in the same tax year. Sole accounts only. Rate available until 28th March 2024 for new customers and 2nd  April 2024  for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to our ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account prior to the Start Date of the account. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch or via telephone. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other Cash ISA other than a NatWest Help to Buy: ISA. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account of 90 day’s interest. The Early Closure Charge will be decided from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
Account
Nationwide 1 Year Triple Access Cash ISA
Interest Rate
Up to 4.25%
Gross/AER
Term
1 Year, with option to make three free withdrawals
Minimum Deposit
£1
Account
Leeds Building Society 1 Year Cash ISA
Interest Rate
4.20%
Gross/AER
Term
1 Year
Minimum Deposit
£100
Account
Leeds Building Society 2 Year Cash ISA
Interest Rate
4.00%
Gross/AER
Term
2 Years
Minimum Deposit
£100
Account
NatWest 2 Year Cash ISA
Interest Rate
3.80%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Terms and Conditions: You must be 16 or over and a UK resident. You must not have subscribed to another cash ISA in the same tax year. Sole accounts only. Rate available until 20th March 2024 for new customers and 25th March 2024  for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to our ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account prior to the Start Date of the account. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch or via telephone. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other Cash ISA other than a NatWest Help to Buy: ISA. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account of 90 day’s interest. The Early Closure Charge will be decided from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
Account
Royal Bank of Scotland 2 Year Cash ISA
Interest Rate
3.80%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Terms and Conditions: You must be 16 or over and a UK resident. You must not have subscribed to another cash ISA in the same tax year. Sole accounts only. Rate available until 28th March 2024 for new customers and 2nd  April 2024  for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to our ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account prior to the Start Date of the account. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch or via telephone. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other Cash ISA other than a NatWest Help to Buy: ISA. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account of 90 day’s interest. The Early Closure Charge will be decided from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
Account
Chip Easy Access Cash ISA
Interest Rate
5.10%
AER
Term
Instant Access
Minimum Deposit
£1
Account
Aldermore Bank Easy Access Cash ISA
Interest Rate
4.25%
Gross/AER
Term
Instant Access
Minimum Deposit
£1,000
Account
Aldermore Bank 30 Day Notice Cash ISA
Interest Rate
4.50%
Gross/AER
Term
30 Day Notice
Minimum Deposit
£1,000
Account
Nationwide 1 Year Triple Access Cash ISA
Interest Rate
Up to 4.25%
Gross/AER
Term
1 Year, with option to make three free withdrawals
Minimum Deposit
£1
Account
Halifax ISA Saver
Interest Rate
0.05%
AER (variable)
Term
Instant Access
Minimum Deposit
£1
Account
Santander Easy ISA
Interest Rate
0.01%*
AER (variable)
Term
Instant Access
Minimum Deposit
£1
Account
Lloyds Bank Cash ISA Saver
Interest Rate
0.05%
AER (variable)
Term
Instant Access
Minimum Deposit
£1
Account
Leeds Building Society E-ISA Instant Access Cash ISA
Interest Rate
2.45%
Gross/AER
Term
Instant Access
Minimum Deposit
£1
Plan Name

MB UK 6Y Consolation  Growth Deposit Plan

Potential Return
35%
if FTSE higher, or 18% if lower
Term
6 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

MB UK 3Y Growth Deposit Plan

Potential Return
21%
at end of term
Term
3 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

MB UK 6Y Kick Out 95 Deposit Plan

Potential Return
5.9%
per annum
Term
Up to 6 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

MB UK 6Y Step Down Kick Out Deposit Plan

Potential Return
5.45%
per annum
Term
Up to 6 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

Goldman Sachs FTSE 100 Deposit Kick Out Plan

Potential Return
6.0% pa
(alternative defensive option: 6%)
Term
Up to 6 years
ISA Option

Deposit Taker: Goldman Sachs International Bank

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

MB UK 4Y Fixed Annual Interest Deposit Plan

Annual Income
4.26%
fixed income per year
Term
4 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

MB UK 4Y Fixed Monthly Interest Deposit Plan

Annual Income
4.26%
fixed income per year, paid monthly
Term
4 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

MB UK 3Y Defensive  Growth Deposit Plan

Potential Return
17%
at end of term
Term
3 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

MB UK 2Y Growth Deposit Plan

Potential Return
13%
at end of term
Term
2 years
ISA Option

Deposit Taker: Barclays Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

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 you will be earning in interest.

  • 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 the provider of this type of ISA 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 you can open only one cash ISA in each tax year.