Cash ISAs: The Best Currently Available List

edited 23 May at 1:04PM in ISAs & Tax-free Savings
4.6K replies 1.4M views
Kazza242Kazza242 Forumite
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Part of the Furniture 1,000 Posts Combo Breaker
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Cash ISAs: The Best Currently Available List


**Please note: The list of ISAs I have compiled below is continually updated. New ISAs are added as they launch and withdrawn ISAs will be removed from the list. Updates to the list are made during the evening.**

The current Cash ISA limit is £20,000 for the 2020/21 tax year.

**As with any financial product, before opening a NISA do ensure that you have read and understood the terms and conditions.**

Variable Rate Cash NISAs for 'new money' only (i.e. they don't accept transfers in):
  • Scottish BS Loyalty Cash ISA - 1.00%
    Rate guarantee? No. Rate effective from: 04/10/2016.
    Minimum deposit: £1. Operated via: Branch or Post.
    Notes: Available to existing customers holding an ISA with the Society before the tax year 2012/13, (0.90% is paid to customers holding an ISA in tax years 2012/13, 0.85% for 2013/14, 0.80% for 2014/15, 0.75% for 2015/16, 0.70% for 2016/17, 0.65% for 2017/18 and 0.60% for 2018/19, 2019/20 and 2020/21.


    Variable Rate Cash NISAs for 'new money' only requiring notice to be given:


    N/A


    Fixed Rate Cash NISAs for 'new money' only (i.e. they don't accept transfers in):

    N/A


    Variable Rate Cash NISAs that accept transfers in:

  • Alrayan Bank Instant Access Cash ISA (issue 2) - 0.60%
    Rate guarantee? No.
    Minimum deposit: £50.
    Operated via: Internet.
    Notes: The rates displayed represent the expected profit rate, as this bank operates under Islamic finance principles.

  • Cynergy Bank Online ISA (issue 9) - 0.50%
    Rate guarantee? No.
    Minimum deposit: £1.
    Operated via: Internet.
    Notes: This is NOT a flexible cash ISA.

  • Teachers for Teachers Easy Access ISA (issue 1) - 0.50%
    Rate guarantee? No.
    Minimum deposit: £100.
    Operated via: Internet or Post.
    Notes: This is NOT a Flexible cash ISA.
    Available to teachers (including retired teachers) and other education professionals only.

  • Virgin Money Easy Cash ISA Exclusive (issue 1) - 0.50%
    Rate guarantee? No.
    Minimum deposit: £1.
    Operated via: Internet.
    Notes: This is a flexible cash ISA.


    Variable Rate Cash NISAs with withdrawal restrictions & accepting transfers in:

  • YBS Loyalty Six Access Saver ISA - 0.65%
    Rate guarantee? No.
    Minimum deposit: £50,000+ (to qualify for higher rate)
    Operated via: Branch or Post.
    Notes: This is a flexible cash ISA. Allows 6 penalty-free withdrawals per year.
    A rate of 0.60% is paid on balances totalling £10,000 to £49,999, 0.55% on £1,000 to £9,999 and 0.50% on £1 to £999.
    Important: Available to existing YBS customers who have held a continuous membership since 1st January 2020 only.


    Variable Rate Cash NISAs requiring notice to be given & accepting transfers in:

    In order to withdraw from or transfer a notice cash ISA you do need to give the required number of days notice. Failing to do so, usually incurs a loss of interest penalty. If you are choosing a notice ISA please ensure you are able to meet the notice period.

  • Marsden BS [95 Days' Notice] Branch Cash ISA (issue 2) - 0.65%
    Rate guarantee? No.
    Minimum deposit: £25,000 (to qualify for higher rate)
    Operated via: Branch.
    Notes: This is NOT a flexible cash ISA. Requires 95 days' notice to be provided.
    A rate of 0.55% is paid on balances totalling £5,000 - £24,999 and 0.45% on £1,000 to £4,999.


    Fixed Rate Cash NISAs that accept transfers in:

    If you are choosing a fixed rate cash ISA - do ensure that you can leave the money untouched until the ISA matures, as making a withdrawal or transferring out before maturity will usually incur a loss of interest penalty.


    1 Year Fixes:

  • Alrayan Bank 12 Month Fixed Term Deposit Cash ISA - 0.65% (expected profit rate)
    Minimum deposit: £1,000.
    Notes: Fixed for one year from account opening. Sharia compliant. The rates displayed represent the expected profit rate, as this bank operates under Islamic finance principles.

  • Cynergy Bank Loyalty Cash ISA - 0.55%
    Minimum deposit: £500.
    Notes: Fixed for one year from account opening date.
    Available to existing Cynergy Bank customers of 6 months or more.

  • Cynergy Bank Cash ISA - 0.50%
    Minimum deposit: £500.
    Notes: Fixed until for one year from account opening date.

  • Leeds BS Fixed Rate Cash ISA (issue 146) - 0.50%
    Minimum deposit: £100.
    Notes: Fixed until 03/04/2022.

  • Tipton & Coseley BS Fixed Rate Cash ISA - 0.50%
    Minimum deposit: £1,000.
    Notes: Fixed until 31/05/2022.

  • Tipton & Coseley BS Fixed Rate Cash ISA (Mobile App) - 0.50%
    Minimum deposit: £1,000.
    Notes: Fixed until 31/05/2022. Available via the Tipton & Cosely mobile app.

  • West Brom BS Fixed Rate ISA - 0.50%
    Minimum deposit: £1,000.
    Notes: Fixed until 28/02/2022.


    18 Month Fixes:
    N/A


    2 Year Fixes:

  • Alrayan Bank 24 Month Fixed Term Deposit Cash ISA - 0.75% (expected profit rate)
    Minimum deposit: £1,000.
    Notes: Fixed for two years from account opening. Sharia compliant. The rates displayed represent the expected profit rate, as this bank operates under Islamic finance principles.



    3 Year Fixes:
  • Gatehouse Bank Fixed Term Cash ISA - 0.80%
    Minimum deposit: £1,000.
    Notes: Fixed for three years from account opening date.

  • Close Brothers Savings Fixed Rate ISA - 0.75%
    Minimum deposit: £10,000.
    Notes: Fixed for three years from account opening.

  • Shawbrook Bank Fixed Rate Cash ISA (issue 24) - 0.75%
    Minimum deposit: £1,000.
    Notes: Fixed for three years from account opening date.

  • UBL UK Bank Fixed Rate Cash ISA - 0.70%
    Minimum deposit: £500.
    Notes: Fixed for three years from account opening date.

  • West Brom BS Fixed Rate ISA - 0.65%
    Minimum deposit: £1.
    Notes: Fixed until 29/02/2024.

  • Cynergy Bank Loyalty Cash ISA - 0.65%
    Minimum deposit: £500.
    Notes: Fixed for three year from account opening date.
    Available to existing Cynergy Bank customers of 6 months or more.

  • Ford Money Fixed Rate Cash ISA - 0.65%
    Minimum deposit: £500.
    Notes: Fixed for three years from account opening date.


    4 Year Fixes:

  • Hodge Bank Fixed Rate Cash ISA - 0.65%
    Minimum deposit: £1,000.
    Notes: Fixed for four years from account opening.


    5 Year Fixes:
  • UBL UK Bank Fixed Rate Cash ISA - 1.15%
    Minimum deposit: £2,000.
    Notes: Fixed for five years from account opening date.

  • Gatehouse Bank Fixed Term Cash ISA - 1.15%
    Minimum deposit: £1,000.
    Notes: Fixed for five years from account opening date.

  • Shawbrook Bank Fixed Rate Cash ISA (issue 25) - 1.10%
    Minimum deposit: £1,000.
    Notes: Fixed for five years from account opening date.


    7 Year Fixes:

  • Shawbrook Bank Fixed Rate Cash ISA (issue 25) - 1.25%
    Minimum deposit: £1,000.
    Notes: Fixed for seven years from account opening date.



    Lifetime ISAs:

    Lifetime ISAs are available to savers aged 18 to 39. They allow up to £4,000 per tax year to be saved up to the age of 50 and they receive a 25% government bonus up to £1,000 per year to help with buying a first home and/or saving for retirement.

  • Nottingham BS Lifetime ISA (issue 3) - 0.80%
    Rate guarantee? No. Rate effective from: 23/08/2018.
    Minimum deposit: £10. Operated via: Branch.

  • Moneybox Cash Lifetime ISA - 0.85%
    Rate guarantee? No. Rate effective from: 20/08/2018.
    Minimum deposit: £1. Operated via: Internet.



All rates are subject to change without notice. Please check all rates and terms before investing.

If you can think of an NISA I have missed please do send me a PM.
Please call me 'Kazza'.
«134567463

Replies

  • SeanWSeanW Forumite
    322 Posts
    Bradford & Bingley eISA, 5.55%, £1000 minimum, rate guaranteed to match BoE base rate until June 2007, accepts transfer in.
  • SeanWSeanW Forumite
    322 Posts
    Bradford & Bingley eISA, 5.55%, £1000 minimum, rate guaranteed to match BoE base rate until June 2007, accepts transfer in.
  • Mr_MumbleMr_Mumble Forumite
    1.8K Posts
    Superb work Kazza. :T

    For those looking for a longer term perhaps this 4 year deal:
      Halifax Fixed Rate ISA Saver - 6.00%
      Minimum deposit: £3,000. Max £33,000. Transfers in requests accepted. Earlier access on closure only on 30 day notice + 180 day loss of interest.
      "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
    • humferhumfer Forumite
      1.8K Posts
      ✭✭✭
      Great post kazza. Someone should make this a sticky. Still planning to transfer my A&L to Abbey, but my new money 07/08 now looks like its heading to Barclays and not NS&I anymore. I wonder if we will see any other banks/building societys upping their game before the end of the tax year....
    • Abbey is looking good for me aswell.

      I'm just wondering what to do with 07-08 allowance, have noted a few people transferring and opening new ISA's.. Is it not be more beneficial to put it into your existing ISA as the balance will be higher?
    • TechnautTechnaut Forumite
      38 Posts
      thanks for posting this. I have spent the best part of the day fretting over which one to choose and have been all over the internet looking. Its good to have them all in one place to compare
    • RayWolfeRayWolfe Forumite
      3K Posts
      Well done Kazza.
      Will you undertake to do one for after 6th April for those of us who are already committed for 2006/7? ;-)
    • Kazza242Kazza242 Forumite
      1.9K Posts
      Part of the Furniture 1,000 Posts Combo Breaker
      ✭✭✭
      RayWolfe wrote: »
      Well done Kazza.
      Will you undertake to do one for after 6th April for those of us who are already committed for 2006/7? ;-)

      If I've recovered from my RSI by then, then maybe ;-)
      Please call me 'Kazza'.
    • Kazza242Kazza242 Forumite
      1.9K Posts
      Part of the Furniture 1,000 Posts Combo Breaker
      ✭✭✭
      jenyking wrote: »
      Abbey is looking good for me aswell.

      I'm just wondering what to do with 07-08 allowance, have noted a few people transferring and opening new ISA's.. Is it not be more beneficial to put it into your existing ISA as the balance will be higher?

      In some cases you are right, it can be more beneficial, especially if the new 07/08 allowance takes the total ISA balance up to e.g. £9K or above (qualifying amount for the 5.75% rate from Abbey). This year there seem to be more competitive 'new money' isa's available, which tend to offer better rates that those that accept transfers in.

      At the moment my total isa balance is with one provider, but this year I will open a 'new money' ISA because the difference in rate makes it worthwhile.
      Please call me 'Kazza'.
    • Kazza242Kazza242 Forumite
      1.9K Posts
      Part of the Furniture 1,000 Posts Combo Breaker
      ✭✭✭
      As some people have asked me to request that this thread be made a sticky I have done so. I intend to update the list as new ISA's are launched/withdrawn.
      Please call me 'Kazza'.
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