CASH ISAs
Cash ISA Comparison Service
If you're looking for the best cash ISA available, then you've come to the right place. With our quick and easy service here at Money Expert, you can compare cash ISAs completely free of charge and we'll make sure that you end up with a great deal that perfectly suits your needs.
- Provider
- Notice
- Interest
- Paid
- Gross Rate
- Deposit
- Minimum
- Maximum
- Apply
- Provider:
- Notice period:
- Interest paid:
- annually
- Interest Rate:
- 2.25%
- Minimum deposit:
- £1
- maximum deposit:
- £5,760
- Apply:
- More Info
The Easy Saver ISA pays a variable rate of 2.25% AER tax free including an introductory fixed bonus rate of 1.75% until 31 October 2014.
Nationwide Building Society | Easy Saver ISA (Issue 1)
- Provider:
- Notice period:
- Interest paid:
- annually
- Interest Rate:
- 2.25%
- Minimum deposit:
- £1,000
- maximum deposit:
- £500,000
- Apply:
- More Info
With our Fixed Rate Cash ISA you get a great return thanks to our guaranteed interest rate, and it's tax-free, too. Offers a rate of 2.25% AER/Gross p.a.
Aldermore | 3 Year Fixed Rate Cash ISA
- Provider:
- Notice period:
- Interest paid:
- annually
- Interest Rate:
- 2.10%
- Minimum deposit:
- £1,000
- maximum deposit:
- £1,000,000
- Apply:
- More Info
With our Notice Cash ISA you can build up your funds over time, enjoy great tax-free rates - and as long as you give us notice, you can make as many withdrawals as you like.
Aldermore | 60 Day Notice Cash ISA (Issue 2)
- Provider:
- Notice period:
- Interest paid:
- annually
- Interest Rate:
- 2.00%
- Minimum deposit:
- £1,000
- maximum deposit:
- £500,000
- Apply:
- More Info
With our Fixed Rate Cash ISA you get a great return thanks to our guaranteed interest rate, and it's tax-free, too. Offers a rate of 2.00% AER/Gross p.a.
Aldermore | 2 Year Fixed Rate Cash ISA
- Provider:
- Notice period:
- Interest paid:
- annually
- Interest Rate:
- 1.85%
- Minimum deposit:
- £1,000
- maximum deposit:
- £500,000
- Apply:
- More Info
With our Fixed Rate Cash ISA you get a great return thanks to our guaranteed interest rate, and it's tax-free, too. Offers a rate of 1.85% AER/Gross p.a.
Aldermore | 1 Year Fixed Rate Cash ISA
- Provider:
- Notice period:
- Interest paid:
- annually
- Interest Rate:
- 1.75%
- Minimum deposit:
- £1,000
- maximum deposit:
- £1,000,000
- Apply:
- More Info
With our Notice Cash ISA you can build up your funds over time, enjoy great tax-free rates - and as long as you give us notice, you can make as many withdrawals as you like.
Aldermore | 30 Day Notice Cash ISA (Issue 4)
- Provider:
- Notice period:
- Interest paid:
- annually
- Interest Rate:
- 1.30%
- Minimum deposit:
- £10
- maximum deposit:
- £100,000
- Apply:
- More Info
Offers a rate of 1.30% AER (Variable). Minimum balance £10.
Scottish Widows Bank | E- Cash ISA
Cash ISAs Explained
A cash ISA (Individual Savings Account) is a savings account which allows interest to be paid tax-free. The government sets a limit on how much can be invested in a cash ISA each tax year. For the tax year 2013-2014, the cash ISA allowance is set at £5,760 (more on this below).
Finding The Best Cash ISA For You
Here at Money Expert we're committed to finding the best deals for you personally. Whatever is most important to you, be it interest rates, accessibility, security or anything else, we'll help you find the best cash ISA for you.
Tax Free Saving With Cash ISA Accounts
The main benefit of a cash ISA is that you will earn tax-free interest on your savings. If your savings are deposited in a standard savings account, at least 20% of the interest you earn goes to the tax man. For those in higher tax brackets this goes up to 40%, and up to 45% for those in the highest bracket.
There is no question that putting as much of your savings as you can into a cash ISA is a good idea, protecting a portion of your money from tax.
Taking Advantage of the Best Cash ISA Rates
Take advantage of the vast benefits of a tax-free savings account by making sure that you get one with the best cash ISA rates available.
The huge variety of cash ISAs available mean that comparing different cash ISA rates with Money Expert is essential to make sure that you get the best deal. Whether you would prefer the potential gain of a variable rate or the security of a fixed rate ISA, we can help.
Your 2013 Cash ISA Allowance Explained
Each tax year, you are allowed to deposit a certain amount of money in ISAs. For the tax year 2013-14, the ISA allowance is set at £11,520. Of this, £5,760 may be invested in a cash ISA, and the rest (up to the whole amount) can go in a stocks and shares ISA.
It is important to make use of this allowance as it does not roll over to the next year.
5. How does a Stocks & Shares
A Stocks & Shares ISA is used to invest in a wide range of stocks, shares and investment funds. The ISA wrapper allows any returns to be paid tax efficiently. Stocks & Shares ISAs are designed to be long term investments, as your money can either increase or decrease, rather than simply increasing steadily due to interest as in a cash ISA. The potential gain is greater than with a cash ISA but there is always the risk of losing some of your invested money.
At Money Expert we'll compare both cash ISAs and stocks and shares ISAs for you, so whichever option appeals to you best, head over to the appropriate section of our site and you'll be clearly instructed on what to do next.
Other Savings products Which May Suit Your Needs:
Savings Accounts
A standard savings account is the same as an ISA except your interest will be subject to taxation. As such it is only ever worth saving what is left after your ISA allowance has been used up into one of these accounts.
The best savings account rates will rarely, if ever be better than the best cash ISA rates.
Fixed Rate Bonds
A fixed rate bond is one where, as the name suggests, the interest rate is set at a fixed level and stays at that rate until the bond's maturity. This comes with added security, avoiding the possibility of decreasing interest rates but also comes with a risk of losing value due to inflation.
Fixed Rate ISAs
As with a fixed rate bond, a fixed rate ISA is simply an ISA with a fixed interest rate. Many prefer the security of a fixed rate, while others prefer the potential for gain associated with a variable rate. Whichever your preference, we'll make sure that you find the best cash ISA rates possible.
Junior ISAs
A Junior ISA (JISA) is an ISA for anyone under the age of 18. It functions in the same way as a standard ISA, cash or otherwise. A child can only have one cash ISA and one stocks and shares ISA at any one time and the junior cash ISA limit is lower, at £3,720.
Between the ages of 16-18, a child may open their own ISA, below this age this must be done by someone with parental responsibility.
Frequently Asked Questions
How often is interest paid on my savings?
This will depend on the specific account. With some accounts, the interest is calculated daily but paid annually, sometimes it is both calculated and paid monthly. You'll be able to find out how often the account you choose pays its interest easily.
Why use Money Expert to find me the best savings rates?
Our free and impartial service is easy to use, trusted and gets results. We'll find you the best deals on the best savings accounts available without any obligation or fee required from you.
What are the top savings accounts available?
The range of accounts available is vast and will vary year in year out. Head over to our savings accounts comparison page and you'll be able to clearly see the best accounts available at the moment.
How do I achieve the best interest rates on savings?
The easiest way to make sure you get the best interest rates on your savings account is to shop around through Money Expert using our handy comparison service.
What is the minimum deposit for high interest saving accounts?
Again, this will change depending on the specific account you are looking at, but we'll show you clearly if there is a minimum deposit limit on the account you're after.
How much interest will I earn in one year?
This will depend on the account you choose, but is easy to find out, and by browsing accounts using our savings account comparison service you can be sure that you'll get the best annual interest rates available.
Savings Apply News
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23 May 2013
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26 Apr 2013
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-
24 Apr 2013
Half a million cash ISA savers set to switch accounts in next three months
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-
22 Apr 2013
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Brits now saving more of their hard-earned cash
