Top Cash ISAs for transfers in 2018/19


Updated on 24 September 2018 | 2 Comments

With NS&I cutting the already paltry rate on its ISA, it's time to move your savings elsewhere. Not all ISAs allow you to make transfers, but these accounts do.

National Savings & Investments (NS&I) has cut the interest rate on its Direct ISA from 1% to 0.75%.

This is despite the Bank of England raising the Base Rate by the same amount in August.

With an interest rate of just 0.75%, NS&I's Direct ISA now lags well behind the rates offered by other providers and is below inflation.

Although many savers value the security that NS&I providers, it's worth noting that the Financial Services Compensation Scheme covers up to £85,000 of savings per banking group. Therefore, by spreading your savings around you can also ensure it is protected.

We’ve rounded up the best Cash ISAs that allow transfers of previous year’s ISA allowances as well as new subscriptions for 2018/19.

Easy access ISAs

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

ISA

Rate

Minimum deposit

Bonus

Notes

Access

Al Rayan Bank Instant Access Cash ISA

1.36%*

£50

None

Transfers and new subscriptions.

Online, phone, post, in-branch, mobile app

Virgin Money Double Take Cash E-ISA 1.35%** £1 None Transfers and new subscriptions. Online

Yorkshire Building Society Single Access ISA Saver 

1.35%

£100

None

Transfers and new subscriptions

Branch, postal

* Anticipated profit rate (explained here)

**maximum two withdrawals per calendar year

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.

Account

Interest rate (AER)

Minimum deposit

Bonus

Notes

Access

Charter Savings Bank 95 Day Notice Cash ISA - Issue 3

1.40%

£1,000

None

Transfers and new subscriptions.

95 days’ notice required for withdrawals.

Online

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.  Bear in mind that locking your money away for years could be a risky move.

Here are the top-paying fixed-rate Cash ISAs, arranged by timespans, that accept transfers.

If you want to use this year's ISA allowance have a read of The best Cash ISAs.

Account

Interest rate (AER)

Minimum deposit

Length of fixed rate

Notes

Access

Shawbrook Bank 5 year fixed rate cash ISA 2.15% £5,000 Five years Transfers and new subscriptions. Online

Hodge Bank 4 year fixed rate cash ISA

1.80%

£1,000

Four years

Transfers and new subscriptions.

Online, postal

Paragon 3 year fixed rate cash ISA

1.86%

£500

Three years

Transfers and new subscriptions.

Online

Al Rayan Bank Fixed Term Deposit Cash ISA

1.81%*

£1,000

Two years

Transfers and new subscriptions.

Online, in-branch, post, phone

Al Rayan Bank Fixed Term Deposit Cash ISA

1.61%*

£1,000

One year

Transfers and new subscriptions.

Online, in-branch, post, phone, mobile app

*Anticipated profit rate (explained here)

Compare Cash ISAs

This article is regularly updated with the latest rates

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