Compare 2024/25 Cash ISAs

 

Account
Hampshire Trust Bank 6 Month Cash ISA
Interest Rate
4.60%
Gross/AER
Term
6 Months
Minimum Deposit
£1
Account
Aldermore Bank 1 Year Cash ISA
Interest Rate
4.56%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Account
Hampshire Trust Bank 1 Year Cash ISA
Interest Rate
4.45%
Gross/AER
Term
1 Year
Minimum Deposit
£1
Account
Aldermore Bank 2 Year Cash ISA
Interest Rate
4.35%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Account
Leeds Building Society 1 Year Cash ISA
Interest Rate
4.32%
Gross/AER
Term
1 Year
Minimum Deposit
£100
Account
Hampshire Trust Bank 2 Year Cash ISA
Interest Rate
4.25%
Gross/AER
Term
2 Years
Minimum Deposit
£1
Account
Post Office Online 1 Year Fixed Rate Cash ISA
Interest Rate
4.15%
Gross/AER
Term
1 Year
Minimum Deposit
£500
Account
NatWest 1 Year Cash ISA
Interest Rate
4.10%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Terms and Conditions: You must be 18 or over and a UK resident. Sole accounts only. Rate available until 16th October 2024 for new customers and 21st October 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 Offer may be withdrawn early due to limited availability.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 of 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 with NatWest, except for 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 4.10%
Gross/AER
Term
1 Year, with option to make three free withdrawals
Minimum Deposit
£1
Account
Aldermore Bank 3 Year Cash ISA
Interest Rate
4.05%
Gross/AER
Term
3 Years
Minimum Deposit
£1,000
Account
Royal Bank of Scotland 1 Year Cash ISA
Interest Rate
4.00%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Terms and Conditions: You must be 18 or over and a UK resident. Sole accounts only. Rate available until 30th October 2024 for new customers and 4th November 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 of 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 with Royal Bank of Scotland. 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
Post Office Online 2 Year Fixed Rate Cash ISA
Interest Rate
3.80%
Gross/AER
Term
2 Years
Minimum Deposit
£500
Account
Hampshire Trust Bank 5 Year Cash ISA
Interest Rate
3.75%
Gross/AER
Term
5 Years
Minimum Deposit
£1
Account
NatWest 2 Year Cash ISA
Interest Rate
3.70%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Terms and Conditions: You must be 18 or over and a UK resident. Sole accounts only. Rate available until 16th October 2024 for new customers and 21st October 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 of 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 with NatWest, except for 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
3.60%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Terms and Conditions: You must be 18 or over and a UK resident. Sole accounts only. Rate available until 30th October 2024 for new customers and 4th November 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 of 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 with Royal Bank of Scotland. 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
Plum Cash ISA
Interest Rate
4.92%*
AER
Term
Easy Access
Minimum Deposit
£1
Account
Leeds Building Society Limited Issue Online Easy Access Cash ISA
Interest Rate
4.67%
Gross/AER
Term
Instant Access
Minimum Deposit
£1,000
Account
moneybox Cash ISA
Interest Rate
4.75%*
AER
Term
Easy Access
Minimum Deposit
£500
Account
Post Office Online Easy Access Cash ISA
Interest Rate
4.30%
Gross/AER
Term
Instant Access
Minimum Deposit
£100
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 4.10%
Gross/AER
Term
1 Year, with option to make three free withdrawals
Minimum Deposit
£1
Account
Leeds Building Society E-ISA Instant Access Cash ISA
Interest Rate
2.30%
Gross/AER
Term
Instant Access
Minimum Deposit
£1
Plan Name

Goldman Sachs FTSE 100 Deposit Kick Out Plan

Potential Return
5.90% pa
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 Annual Fixed Interest Deposit Plan

Annual Income
4.11%
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 Monthly Fixed Interest Deposit Plan

Annual Income
4.04%
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 90 Growth Deposit Plan

Potential Return
16.52%
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

IDAD Goldman Sachs Callable Growth Deposit Plan

Potential Return
8% pa
or 3 x Index growth (capped at a maximum return of 48%)
Term
Maximum 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.

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

The best things in life are free trades! Get £50 worth of free trades when you open an ii ISA account before 31 August. Capital at risk. T&Cs apply. New customers only

Why we like it: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading. Capital at risk.
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
Choose one of five portfolio’s, either fully managed by Nutmeg’s expert team or a fixed allocation portfolio
Protection Scheme
FSCS
ISA Transfers
Why we like it: Get a stocks & shares ISA portfolio – Choose one of five portfolio’s, either fully managed by Nutmeg’s expert team or a fixed allocation portfolio. No tie-ins, no set-up fees, no exit charges. Easy, online set up. Start with as little as £500. Portfolio management fees of 0.45%-0.75% up to £100k. 0.25%-0.35% beyond £100k. There are also underlying investment charges, see the fees page. Plus, live chat, amazing customer support and brilliant investor tools and guides. Nutmeg are regulated by the FCA & are covered by the FSCS. ISA eligibility and tax rules apply. Capital at risk. Approved by Nutmeg. Approved by Nutmeg 09/08/2024
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
Why we like it: Choose from a range of 36 funds and ETFs and 20 US stocks to invest with Moneybox. Earn 3.8% AER Variable on any uninvested cash you hold. There are additional fees charged directly by the fund provider. Please check the key investor information document (KIID) for a particular fund for more information. Keep things simple and get started with one of our three starting options: Cautious, Balanced or Adventurous – and customise your investments to align with your values. Open with as little as £1. When investing, your capital is at risk
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

SPECIAL OFFER: Win one of ten £1,000 John Lewis vouchers when you open and deposit £1,000 into an AJ Bell SIPP, Stocks and Shares ISA or Stocks and Shares LISA account before 30th April 2024. T&C’s apply

Why we like it: Invest in over 2,000 funds, shares and more across 25 markets. Invest from £25 per month. Which? Recommended Provider for Investment Platforms 2019–2023. Low-cost online dealing from £1.50.  Open your account in minutes from app or website, manage your portfolio on the move. FSCS protected. Capital at risk
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
Why we like it: Hargreaves Lansdown are the UK’s no. 1 investment platform for private investors – kickstart your investing with their award-winning ISA. Choose your own investments with expert research and ideas to help you, or simply pick a ready-made portfolio. Manage via website, app or phone. Capital at risk.
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.