Follow this topicThe best Cash ISAs
If you haven't used up your ISA allowance for this tax year 2013/2014, here are the top Cash ISAs right now.
Cash ISA interest rates, like most savings rates, have been steadily falling.
But here are the best rates right now.
Top instant access Cash ISAs
The top instant access ISA we were able to find comes from Nationwide, which is paying 2.50%. But you can only get this account if you have a Nationwide current account.
|
Account |
Interest Rate (AER) |
Minimum deposit |
Bonus |
Notes |
|
Nationwide Flexclusive ISA (Issue 3) |
2.50% |
£1 |
1% bonus until November 2014 |
New subscriptions only, must hold Nationwide current account. |
|
Cheshire BS ISA Saver (Issue 3) |
2.30% |
£1,000 |
1.80% bonus until October 2014 |
Transfers and new subscriptions. |
|
NS&I Direct Cash ISA |
2.25% |
£1 |
None |
New subscriptions only. |
|
2.25% |
£1 |
1.75% bonus until October 2014 |
New subscriptions only. |
|
|
up to 2.25% |
£10,000 |
Balances above £1,000 get 1.5% bonus until September 2014. Balances above £10,000 get 1.75% bonus |
Transfers and new subscriptions. |
You’ll see that some of the accounts have bonuses. We’ve got no problem with fixed bonuses. They mean that your interest rate can’t fall below a certain level for a set period. That's not the case with a variable rate bonus though.
Just remember that the interest rate on your account will almost certainly crash once the bonus expires.
Top notice Cash ISAs
Historically, if you were able to give a little warning before making a withdrawal the top notice ISAs paid higher interest rates. As you can see, this isn't currently the case, but here are the top notice ISAs anyway.
|
Account |
Interest Rate (AER) |
Minimum deposit |
Bonus |
Notes |
|
Chorley & District Building Society 60-Day Notice Cash ISA |
2.20% |
£1 |
None |
Transfers not permitted. 60 days’ notice required for withdrawals. |
|
Triodos Bank 90-Day Notice Online Cash ISA |
2.16% |
£10 |
0.40% bonus for 12 months |
Transfers permitted. 90 days’ notice required for withdrawals. |
|
Melton Mowbray BS 100-Day Notice Cash ISA |
2.10% |
£1,000 |
None |
Transfers not permitted. 100 days’ notice required for withdrawals. |
|
Aldermore 60-Day Notice Cash ISA (Issue 2) |
2.10% |
£1,000 |
None |
Transfers permitted. 60 days’ notice required for withdrawals. |
Top fixed rate ISAs
Moving onto fixed rate ISAs, sadly interest rates have been plummeting throughout the tax year here as well.
Back at the beginning of the financial year the top paying account we found for short-term ISAs was from BM Savings paying 4.05% on a two-year fixed rate, while Santander had a deal paying 3.50% on a one-year deal.
As you can see, rates now are nowhere near those (relatively) heady levels. In fact, no one-year fixed rate ISA currently beats the top instant access ISA, so we've removed them from this table.
|
Account |
Interest rate (AER) |
Minimum deposit |
Length of fixed rate |
Notes |
|
Virgin Money Fixed Rate Cash E-ISA (Issue 42) |
3.00% |
£1 |
Five years (fixed until 24th May 2018) |
Transfers and new subscriptions. |
|
Principality BS Five Year Fixed Rate ISA (Issue 109) |
2.75% |
£500 |
Five years |
Transfers and new subscriptions. |
|
Coventry BS Two-Year Fixed Rate ISA |
2.55% |
£5,760 |
Two years |
New subscriptions only. |
|
United Trust Bank Five-Year Fixed Rate Cash ISA |
2.45% |
£5,000 |
Five years |
Transfers and new subscriptions. |
|
Virgin Money Fixed Rate Cash E-ISA (Issue 41) |
2.40% |
£1 |
Three years (fixed until 24th May 2016) |
Transfers and new subscriptions. |
|
Virgin Money Fixed Rate Cash ISA (Issue 42) |
2.40% |
£1 |
Three years (fixed until 15th May 2016) |
Transfers and new subscriptions. |
| Skipton BS Five-year Fixed Rate ISA | 2.40% | £500 | Five years | Transfers and new subscriptions. |
|
Julian Hodge Bank Five-year Fixed ISA |
2.40% |
£5,760 |
Five years |
Transfers and new subscriptions. |
This article is regularly updated with the latest rates
More on ISAs and savings:
The UK's best Stocks and Shares ISAs
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