Compare Cash ISA deals!

A Cash ISA can be a good way of saving money, as ISAs usually offer a higher interest rate than standard savings accounts, and is not subject to tax. 

Deposit Plan Offer

Capital Protected Plan

8% pa or 2.5 x FTSE 100 Growth

Deposit Taker: Goldman Sachs International Bank

  • Up to 7 year term
  • 2% per quarter (8% pa) – if the Deposit Taker ends the plan early
  • 2.5 x FTSE 100 Index  growth (no cap) – if the plan runs for the full term
  • Available in ISA

More Plan Details »

Offers
Account
Nationwide Single Access Cash ISA
Interest Rate
1.30%
AER (variable)
Term
Instant Access
Minimum Deposit
£1

Why we like it: Great instant access cash ISA! As long as you don’t need to access your cash more than once a year, Nationwide offer a top cash ISA deal. You can manage your account online. You can deposit up to £20,000 in this account for the 2018/19 allowance. More Info

Account
Nationwide Instant ISA Saver Cash ISA
Interest Rate
up to 0.65%
Gross/AER
Term
Instant Access
Minimum Deposit
£1
Account
Halifax ISA Saver
Interest Rate
0.60%
AER (variable)
Term
Instant Access
Minimum Deposit
£1
Account
Santander Easy ISA
Interest Rate
0.60%*
AER (variable)
Term
Instant Access
Minimum Deposit
£1
Account
Lloyds Bank Cash ISA Saver
Interest Rate
0.35%
AER (variable)
Term
Instant Access
Minimum Deposit
£1

There are no tables for this criteria

Plan Name

IDAD The Callable Deposit Plan 

Potential Return
8% pa
or 2.5 x Index growth
Term
Maximum 7 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

Investec FTSE 100 6 Year Deposit Plan

Maximum Potential Return
42%
at end of term
Term
6 years
ISA Option

Deposit Taker: Investec 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

Investec FTSE 100 Kick Out Deposit Plan

Maximum Potential Return
6.0%
per annum
Term
Up to 6 years
ISA Option

Deposit Taker: Investec 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

Investec FTSE 100 3 Year Deposit Plan

Maximum Potential Return
15%
at end of term
Term
3 years
ISA Option

Deposit Taker: Investec 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

Investec FTSE Income Deposit Plan

Potential Annual Income
3.25%
per annum
Term
6 years
ISA Option

Deposit Taker: Investec 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

Investec FTSE 100 6 Year Defensive Deposit Plan

Maximum Potential Return
22.5%
at end of term
Term
6 years
ISA Option

Deposit Taker: Investec 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

Investec FTSE 100 Defensive Kick Out Deposit Plan

Maximum Potential Return
4.50%
per annum
Term
Up to 6 years
ISA Option

Deposit Taker: Investec 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

Investec FTSE 100 3 Year Defensive Deposit Plan

Maximum Potential Return
10.5%
at end of term
Term
3 years
ISA Option

Deposit Taker: Investec 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.

Compare Cash ISA Transfers

If you are not happy with the interest being offered by your current cash ISA provider then you have the option of transferring to another provider offering a better rate. So if you have cash ISAs from previous years you can transfer some or all of them into a new Cash ISA plan with a new provider that offers a better rate of interest.

Transferring a cash ISA is straightforward. and based on the Building Societies Association guidelines should take a provider no more than 15 working days to facilitate the move.

It’s possible to make cash ISA transfers at any time, into another cash ISA or into a stocks and shares ISA, as well as the other way round. Be aware that cash ISA transfers have to be done through the new provider, who will carry out the process for you. If you just withdraw the funds from your cash ISA with the intention of putting them into a different one, this will count towards your total ISA allowance for that year.

Or, if you have already deposited up to your total allowance, you will not be able to pay the money into another ISA until the next tax year. Cash ISA transfers done through the proper process will not count towards your ISA allowance, so always take the time to transfer your funds correctly.

How do you transfer a cash ISA ?

1. Find an attractive alternative home for your cash ISA by shopping around. Use our website to find a range of current cash ISA deals. Once you have found the cash ISA plan you require you will need to complete a ISA transfer authority form (this will be included in the new provider application pack) as well as a ISA application form.

2. Once you have provided the completed forms to your new provider you may be asked for additional information to complete the transfer. The completed forms will be sent on to your existing cash ISA provider.

3. Your existing ISA provider may contact you to confirm the transfer request and may ask for additional information before they proceed. Once they have completed their administration they will send the transfer funds to the new ISA provider.

4. By working day 11 the new ISA provider will chase the old provider if they have not received a timely response. If there is a delay to the transfer you should be contacted with an explanation and likely timescale for resolution. Once funds are received your new ISA provider will credit funds to your ISA account and backdate interest. Your new provider will backdate interest to the first day where interest no longer accrues on the funds being transferred from your old ISA. Your new ISA provider will start paying interest from day 16 at the latest regardless of whether the ISA transfer has completed within the standard 15 business working day timeline.

5. You have the right to stipulate the timescale for your ISA transfer which you may want to do to take account of any applicable notice period or fixed rate period to ensure that you avoid losing interest. If you make such a request the ISA transfer will be pended until it is appropriate to proceed. It is important that you check with your new ISA provider that the product that you wish to apply for will still be available after the notice period of the old product has ended.

What if I have already taken out my 2018/19 cash ISA?

There is nothing stopping you moving this cash ISA and cash ISAs from previous years years into a new Cash ISA plan or a stocks and shares ISA plan if your prefer. Compare deals and make a cash ISA transfer to make your money work as hard as possible – keep an eye on your interest rate and if it falls, consider switching. Or if it’s a fixed rate, make sure you shop around when the deal comes to an end.

Can I transfer my cash ISA to a new ISA account myself ?

No. If you withdraw cash from a cash ISA yourself you may forfeit the tax free status enjoyed on the account. By getting your new ISA provider to carry out the transfer you can be assured that your ISA tax free status will be preserved.

A cash Individual Savings Account (ISA) is a tax-free savings account which allows you to save up to a set amount of money per financial year without paying any tax on it.

The cash ISA limit for the 2018/19 tax year is £20,000 per person and you need to be a UK resident or Crown employee aged 16 or over to open an account.

You can only have one cash ISA per tax year, but you can also have a different type of ISA, known as a stocks and shares ISA, simultaneously.

There are several key benefits to a cash ISA:

  • No income tax – you don’t pay tax on any interest you earn from the cash in your ISA
  • Easy access – if you choose an instant access cash ISA (rather than a fixed-rate cash ISA) it’s a convenient way to save at a good interest rate while retaining fast and easy access to your money, should you need it
  • No need to declare – you don’t need to declare your cash ISA on your tax return
  • Straightforward transfers – you can transfer your cash ISA to a different provider to get a better rate of interest.

The good news is that whatever your tax bracket, you’ll pay 0% tax on any savings held in a cash ISA. Compare this to the usual tax rates on savings:

  • Saving rate taxpayers – you would usually pay 10% tax on interest earned from your savings. In a cash ISA this savings interest is tax-free
  • Basic rate taxpayers – you would usually pay 20% tax on interest earned from savings. In a cash ISA this savings interest is tax-free
  • Higher rate taxpayers – you would usually pay 40% tax on interest earned from savings. In a cash ISA this savings interest is tax-free
  • Additional higher rate taxpayers – you would usually pay 50% tax on interest earned from savings. In a cash ISA this savings interest is tax-free.

There are several factors to consider when choosing a cash ISA:

  • Do you want easy access to your money? An instant access ISA might be the right choice for you, as long as you’re willing to accept a slightly lower rate of interest
  • Are you happy to lock away cash for a set period of time? Fixed-rate cash ISAs might be a better option as they have the potential to offer a greater return long-term
  • Do you have a lump sum to invest, or are you planning to make small regular payments? Different ISA providers offer different minimum deposits ranging from just one pound to several thousand pounds

There is no single ‘right’ cash ISA choice for everyone – it’s a case of weighing up the different factors and considering which product and provider best meets your overall needs.

  1. You can only have one type of cash ISA in each financial year, so research your options carefully. Whether you choose a fixed-rate or instant access cash ISA, give some thought to your savings goals beforehand to help you determine what’s right for you
  2. Remember that you can’t carry your tax-free allowance over from one financial year to the next – so if you’ve got enough cash to hit your limit, stash it in an ISA. The cash ISA allowance for the financial year 2018/19 is £20,000.
  3. Because a cash ISA operates on a year-long basis, it’s a good way to try your hand at saving without committing yourself to anything long-term. It’s also a great way to save for a specific event like a wedding, holiday, or starting a family
  4. Once you’ve set up your cash ISA, make sure you still keep an eye on the interest rates available from other providers. You can usually switch cash ISA providers without incurring any charge
  5. To make life easier, set up a direct transfer from your current account into your cash ISA to make sure that you put aside a certain amount each month without fail
  6. Don’t forget that you’ve got the option of opening a stocks and shares ISA, too. For more on this, see our page on stocks and shares ISAs.

You are free to transfer your cash ISA at any time, making it easy to move your money around providers and ensure the most competitive rates.

But remember that if you withdraw your cash and then open another ISA, you will lose all your tax-free benefits.

To transfer an ISA without losing any tax benefits, ask your new ISA provider to arrange the transfer of funds on your behalf.

Offers