Cash ISAs: The Best Currently Available List

ToastLady

You don’t have to top up an ISA with the full £20,000 each tax year – just what you can, when you can. However much you top up, any interest you earn will be tax-free. Remember, if you don’t use your ISA allowance by the end of the tax year, you’ll lose it as it won’t roll over into the next year.

https://www.barclays.co.uk/savings/isas/1-year-flexible-cash-isa/

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/81958214#Comment_81958214

Thank you.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/81958217#Comment_81958217

If you read through all the blurb, you can have multiple ISA's with Barclays, so nothing stopping you transferring later in the year to a new ISA, although rate may well have changed by then.

NebulaNova

With changing ISA providers each year, how do you keep track of where the money has been/come from over the years if you apply for a mortgage for example? Surely these ISA accounts get closed when you're done with them?

masonic

https://forums.moneysavingexpert.com/discussion/comment/81958309#Comment_81958309

I've just navigated this situation, and it was very helpful to retain statements and copies of transfer declarations so that I could show the paper trail of funds moving between providers. AML / source of funds is only becoming stricter, so good record keeping is very important if you intend to use the funds for a large purchase like a house.

ISAs are a highly regulated product, so are considered pretty low risk if you can demonstrate the money has been within the wrapper for a long period of time.

NebulaNova

https://forums.moneysavingexpert.com/discussion/comment/81958313#Comment_81958313

Ah ok, so basically download any statements/documents from an ISA account prior to closing it? Same with old current/savings accounts?

masonic

https://forums.moneysavingexpert.com/discussion/comment/81958319#Comment_81958319

Yes, I think it is a good idea to download and retain all statements. You never know when you might need them. I've spent a couple of months recently back-filling from a variety of different accounts and going forward I'll be regularly updating my library of statements.

VNX

https://forums.moneysavingexpert.com/discussion/comment/81958065#Comment_81958065

do you prefer using building societies? These transfers seem pretty painful compared to many digital ones

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81958160#Comment_81958160

Monument.

I remember this. Transfer in required phone calls and a complaint to get the money in. A couple of weeks later they dropped to 4.25% which was very uncompetitive at the time so I had to transfer out.

NebulaNova

I'm really struggling to decide what to do with this tax years funds. I have maxed out Moneybox from 2025 - 2026. It's currently at 4.2%.

T212 was a perfect ISA for me, but customer rate now dropped. My requirements are:

• Withdrawals allowed, even if it's just 3 for peace of mind
• A rate above 4.2%
• Online only
• All interest paid monthly, not having to wait a year for the bonus rate

It does seem impossible to find anything so I am thinking about funding Moneybox with another years allowance. Not overly keen as wanting to keep the years separate though.

Any thoughts please? Thanks.