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Top Cash ISAs for transfers

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Last updated on

22 August 2014

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2 Comments

Not all Cash ISAs allow you to transfer existing ISA funds in. But these do.

Here at lovemoney HQ, we regularly bang on about the importance of opening a Cash ISA. After all, these accounts are a great way for you to save tax-free.

But do you know what rate of interest your ISA is paying? Are you sure it’s competitive? If not, we’d suggest finding out now. If it’s not, it’s time to move your money.

Unfortunately, there’s just one snag with this. Some of the best interest rates are for Cash ISAs which don’t allow transfers in from existing ISAs, meaning you can only open them with fresh funds.

For a round-up of the top ISAs for the current 2014/15 tax year, regardless of restrictions, take a look at The best Cash ISAs.

For the top ISAs that are only available to people who already have products with a financial institution or live in certain geographic areas, see The hidden best buy Cash ISAs.

Here we're going to look at the best Cash ISAs that allow transfers in. We've included accounts that are tied to popular current accounts and those that have tiered interest rates.

Following the increase in the annual ISA allowance to £15,000, rates have improved slightly.

Easy access ISAs

The table below highlights the best easy access Cash ISAs that allow transfers in.

Account

Interest Rate (AER) Minimum deposit Access

Coventry BS ISA Reward*

2.50%

£1

Branch

Danske Bank Cash ISA

1.75%

£30,000

Branch

HSBC Loyalty Cash ISA

1.60% (0.5% after 12 months)

£1

Branch, online, phone

BM Savings ISA Extra Issue 11

1.55% (0.5% after 12 months)

£1

Online, post, phone

Virgin Money Easy Access E-ISA 9

1.50%

£1

Online

Skipton Building Society Bonus Cash ISA

1.50% (1.25% after first 12 months)

£1

Online, branch, post

GE Capital Direct GE Saver Cash ISA

1.50%

£500

Online

Santander 123 Direct ISA Saver**

1.50%

£500

Online, phone

West Bromwich BS Webasaver

1.50%

£1,000

Online

Barclays Instant Cash ISA Issue 1

1.49%^

£30,000

Branch, phone, online

Teachers BS Cash ISA (Issue 3)***

1.45%

£100

Post, online

Sainsbury’s Bank Cash ISA

1.45%

£500

Online, phone

Metro Bank Instant Access Cash ISA

1.40%

£1

Branch, post

Post Office Premier ISA

1.40%

£100

Branch, post, phone,

Britannia Select Access Cash ISA 5

1.40%

£500

Branch, post

Loughborough BS Cash ISA***

1.40%^

£25,000

Branch, post

*Must have held Coventry BS ISA in February 2013

**Must be Santander 123 current account, 123 credit card or Select customer

*** Open to those living in the building society's operating area only and teachers nationwide.

****Must be existing member or live in LE, NG or DE postcode areas

^Lower rates available for smaller deposits

Notice ISAs

If you don't think you'll need to access your ISA money, then you could instead opt for a notice ISA. Historically, they have generally paid better interest rates than easy-access ISAs, but that is only just the case right now.

Account Interest Rate (AER) Minimum deposit Notes Access

Clydesdale Bank 40 Day Notice Cash ISA

2.00%^

£24,000

40 days’ notice required for withdrawals.

Branch, post, phone

Yorkshire Bank 40 Day Notice Cash ISA

2.00%^

£24,000

40 days’ notice required for withdrawals.

Branch, post, phone

Islamic Bank of Britain Sharia-compliant Notice Cash ISA*

1.80%*

£250

120 days’ notice required for withdrawals.

Online, post, branch, phone

Furness BS ISA 90 2

1.60%^

£1,000

90 days’ notice required for withdrawals.

Branch, post

*Anticipated profit rate

^Lower rates available for smaller deposits

Fixed rate cash ISAs

If you’d prefer to tie up your savings for a year or more, you could usually earn a far higher rate of interest with a fixed rate cash ISA. However, at the moment only longer-term accounts are paying better rates. And there are currently no 'exclusive' rates for people transferring old ISAs over.

Here are the top-paying fixed-rate Cash ISAs across a range of timespans that accept transfers in.

Account Interest rate (AER) Minimum deposit Length of fixed rate Access

Leeds BS 5 Year Fixed Rate ISA Issue 39 

2.85%

£100

Five years

Online, branch, post

Julian Hodge Bank 5 Year Fixed ISA

2.75%

£5000

Five years

Branch, post

Skipton BS Online 5 Year Fixed Rate ISA

2.75%

£500

Five years

Online, branch, posy

Principality BS Five Year Fixed Rate Cash ISA (Issue 129)

2.75%

£500

Five years

Online, branch, post

Clydesdale Bank Cash ISA- Fixed Rate Bond
(Issue 25)  

2.45%

£2,000

Three years (ends 31/10/17)

Branch

Yorkshire Bank Cash ISA- Fixed Rate Bond
(Issue 25)

2.45%

£2,000

Three years (ends 31/10/17)

Branch

Virgin Money Fixed Rate Cash E-ISA

2.25%

£1

Three years

Online, branch, post

Barclays Flexible Cash ISA (Issue 4)

2.02%

£1

Two years

Branch, online, phone

Aldermore Fixed Rate Cash ISA

2%

£1,000

Two years

Online, phone, post

Yorkshire BS Fixed Rate ISA

2%

£100

One year (fixed until 31st August 2015)

Branch, post

Barnsley BS Fixed Rate ISA

2%

£100

One year (fixed until 31st August 2015)

Branch, post

Chelsea BS Fixed Rate ISA

2%

£100

One year (fixed until 31st August 2015)

Branch, post

Norwich & Peterborough BS Fixed Rate ISA

2%

£100

One year (fixed until 31st August 2015)

Branch, post

Aldermore Bank Fixed Rate Cash ISA

1.65%

£1,000

One year

Online, phone, post

For a comprehensive round-up of all the latest Cash ISAs read The best Cash ISAs.

Compare Cash ISAs

This article is regularly updated with the latest rates

 More on ISAs and savings

The top fixed-rate savings bonds

Top instant access savings accounts

Where to earn most interest on your cash

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