Compare Cash ISAs
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Compare the most effective Cash ISA Savings Accounts with Money Expert
Darlington Building Society - Junior Cash ISA (2)
annually

Paid Interest

2.5%

Gross Rate

£1

Minimum Deposit

£44,836

Maximum Deposit

Shawbrook Bank - 7 Year Fixed Rate Cash ISA Bond Issue 3
annually

Paid Interest

1.25%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Shawbrook Bank - 7 Year Fixed Rate Cash ISA Bond Issue 3 Monthly
monthly

Paid Interest

1.25%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Furness Building Society - 1.10% Five Year Fixed Rate eSavings ISA Issue 17
annually

Paid Interest

1.1%

Gross Rate

£1,000

Minimum Deposit

£99,999,999

Maximum Deposit

Furness Building Society - Fixed Rate Cash ISA (Issue 167) Fixed for 5 Years
annually

Paid Interest

1.1%

Gross Rate

£1,000

Minimum Deposit

£99,999,999

Maximum Deposit

Shawbrook Bank - 5 Year Fixed Rate Cash ISA Bond Issue 25
annually

Paid Interest

1.1%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Shawbrook Bank - 5 Year Fixed Rate Cash ISA Bond Issue 25 Monthly
monthly

Paid Interest

1.1%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

The Family Building Society - 5 Year Fixed Rate Cash ISA (10) Ex/C
annually

Paid Interest

1.05%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Principality Building Society - Maturity 5 Year Fixed Rate Cash ISA (50) Ex/C
annually

Paid Interest

1.05%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Principality Building Society - Maturity 5 Year Fixed Rate Cash ISA (50) Ex/C M
monthly

Paid Interest

1.05%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Principality Building Society - Maturity 3 Year Fixed Rate Cash ISA (49) Ex/C
annually

Paid Interest

0.9%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Yorkshire Building Society - 0.90% Fixed Rate e-ISA to 31/07/2023
annually

Paid Interest

0.9%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Yorkshire Building Society - 0.90% Fixed Rate ISA to 31/07/2023
annually

Paid Interest

0.9%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Bank of Cyprus - Online ISA (Issue 4) Ex/C
annually

Paid Interest

0.9%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

Principality Building Society - Maturity 3 Year Fixed Rate Cash ISA (49) Ex/C M
monthly

Paid Interest

0.9%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

The Family Building Society - Market Tracker Cash ISA (2) Ex/C
annually

Paid Interest

0.86%

Gross Rate

£500

Minimum Deposit

£250,000

Maximum Deposit

Ipswich Building Society - Deben Fixed ISA (Issue 27)
annually

Paid Interest

0.85%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Monmouthshire Building Society - 2 Year Fixed Rate Cash ISA - Issue 6
annually

Paid Interest

0.85%

Gross Rate

£3,000

Minimum Deposit

£20,000

Maximum Deposit

Sainsburys Bank - 5 Year Fixed Rate Cash ISA
annually

Paid Interest

0.83%

Gross Rate

£5,000

Minimum Deposit

£2,000,000

Maximum Deposit

Principality Building Society - 2 Year Fixed Rate Cash ISA Issue 221
annually

Paid Interest

0.8%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Cambridge Building Society - Member's 2 Year Fixed Rate ISA (Issue 3) Ex/C
annually

Paid Interest

0.8%

Gross Rate

£500

Minimum Deposit

£2,000,000

Maximum Deposit

Yorkshire Building Society - 0.80% Fixed Rate e-ISA to 31/07/2022
annually

Paid Interest

0.8%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Yorkshire Building Society - 0.80% Fixed Rate ISA to 31/07/2022
annually

Paid Interest

0.8%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Principality Building Society - 2 Year Fixed Rate Cash ISA Issue 221 Monthly
monthly

Paid Interest

0.8%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Sainsburys Bank - 4 Year Fixed Rate Cash ISA
annually

Paid Interest

0.79%

Gross Rate

£5,000

Minimum Deposit

£2,000,000

Maximum Deposit

Sainsburys Bank - 3 Year Fixed Rate Cash ISA
annually

Paid Interest

0.75%

Gross Rate

£5,000

Minimum Deposit

£2,000,000

Maximum Deposit

Mansfield - 2 Year Fixed Rate Cash ISA (6th Issue)
annually

Paid Interest

0.75%

Gross Rate

£500

Minimum Deposit

£20,000

Maximum Deposit

Mansfield - 90 Day Notice Cash ISA (2nd Issue)
annually

Paid Interest

0.75%

Gross Rate

£1

Minimum Deposit

£400,000

Maximum Deposit

Shawbrook Bank - 3 Year Fixed Rate Cash ISA Bond Issue 24
annually

Paid Interest

0.75%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Shawbrook Bank - 3 Year Fixed Rate Cash ISA Bond Issue 24 Monthly
monthly

Paid Interest

0.75%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Progressive Building Society - 2 Year Fixed Rate ISA Bond (Issue 6)
annually

Paid Interest

0.75%

Gross Rate

£500

Minimum Deposit

£1,000,000

Maximum Deposit

Virgin Money - 3 Year Fixed Rate Cash E-ISA Issue 435
annually

Paid Interest

0.75%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Virgin Money - 3 Year Fixed Rate Cash E-ISA Issue 435 Monthly
monthly

Paid Interest

0.75%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Virgin Money - 3 Year Fixed Rate Cash ISA Issue 462
annually

Paid Interest

0.75%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Virgin Money - 3 Year Fixed Rate Cash ISA Issue 462 Monthly
monthly

Paid Interest

0.75%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Cumberland - 3 Year Fixed Cash ISA
annually

Paid Interest

0.75%

Gross Rate

£1,000

Minimum Deposit

£1,000,000

Maximum Deposit

Coventry - Fixed Rate ISA (113) 30.11.2022
annually

Paid Interest

0.75%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

Skipton Building Society - 18 month Fixed Rate ISA Issue 124
maturity

Paid Interest

0.75%

Gross Rate

£1,000

Minimum Deposit

£1,000,000

Maximum Deposit

Kent Reliance BS - Two Year Fixed Rate Cash ISA - Issue 37
annually

Paid Interest

0.7%

Gross Rate

£1,000

Minimum Deposit

£1,000,000

Maximum Deposit

Kent Reliance BS - Two Year Fixed Rate Cash ISA - Issue 37 Monthly
monthly

Paid Interest

0.7%

Gross Rate

£1,000

Minimum Deposit

£1,000,000

Maximum Deposit

Saffron Building Society - 1 Year Fixed Rate Maturity Cash ISA Ex/C
maturity

Paid Interest

0.7%

Gross Rate

£500

Minimum Deposit

£500,000

Maximum Deposit

Dudley Building Society - Two Year Fixed Rate ISA Issue 9
annually

Paid Interest

0.7%

Gross Rate

£100

Minimum Deposit

£500,000

Maximum Deposit

Ipswich Building Society - Deben Fixed ISA (Issue 26)
annually

Paid Interest

0.7%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Shawbrook Bank - 2 Year Fixed Rate Cash ISA Bond Issue 41
annually

Paid Interest

0.7%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Shawbrook Bank - 2 Year Fixed Rate Cash ISA Bond Issue 41 Monthly
monthly

Paid Interest

0.7%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Sainsburys Bank - 2 Year Fixed Rate Cash ISA
annually

Paid Interest

0.7%

Gross Rate

£5,000

Minimum Deposit

£2,000,000

Maximum Deposit

Yorkshire Building Society - 0.70% Fixed Rate e-ISA to 31/07/2021
annually

Paid Interest

0.7%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Yorkshire Building Society - 0.70% Fixed Rate ISA to 31/07/2021
annually

Paid Interest

0.7%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Leeds Building Society - 3 Year Fixed Rate ISA Issue 94
annually

Paid Interest

0.7%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Sainsburys Bank - 1 Year Fixed Rate Cash ISA
maturity

Paid Interest

0.65%

Gross Rate

£5,000

Minimum Deposit

£2,000,000

Maximum Deposit

Leeds Building Society - Limited Issue Online Access ISA (Issue 23)
maturity

Paid Interest

0.65%

Gross Rate

£1,000

Minimum Deposit

£99,999,999

Maximum Deposit

Marsden - Branch Cash ISA 95 (Issue 2) Ex/C
annually

Paid Interest

0.65%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Cumberland - 2 Year Fixed Cash ISA
annually

Paid Interest

0.65%

Gross Rate

£1,000

Minimum Deposit

£1,000,000

Maximum Deposit

Saffron Building Society - 1 Year Fixed Rate Cash ISA
maturity

Paid Interest

0.65%

Gross Rate

£500

Minimum Deposit

£500,000

Maximum Deposit

Kent Reliance BS - One Year Fixed Rate Cash ISA - Issue 38
maturity

Paid Interest

0.6%

Gross Rate

£1,000

Minimum Deposit

£1,000,000

Maximum Deposit

Kent Reliance BS - One Year Fixed Rate Cash ISA - Issue 38 Monthly
monthly

Paid Interest

0.6%

Gross Rate

£1,000

Minimum Deposit

£1,000,000

Maximum Deposit

Dudley Building Society - One Year Fixed Rate ISA Issue 11
maturity

Paid Interest

0.6%

Gross Rate

£100

Minimum Deposit

£500,000

Maximum Deposit

West Bromwich Building Society - 2 Year Fixed Rate ISA
annually

Paid Interest

0.6%

Gross Rate

£1,000

Minimum Deposit

£99,999,999

Maximum Deposit

Leeds Building Society - Smart ISA
annually

Paid Interest

0.6%

Gross Rate

£5,000

Minimum Deposit

£99,999,999

Maximum Deposit

Virgin Money - 1 Year Fixed Rate Cash E-ISA Issue 434
annually

Paid Interest

0.6%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Virgin Money - 1 Year Fixed Rate Cash E-ISA Issue 434 Monthly
monthly

Paid Interest

0.6%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Virgin Money - 1 Year Fixed Rate Cash ISA Issue 461
annually

Paid Interest

0.6%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Virgin Money - 1 Year Fixed Rate Cash ISA Issue 461 Monthly
monthly

Paid Interest

0.6%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Progressive Building Society - 1 Year Fixed Rate ISA Bond (Issue 4)
annually

Paid Interest

0.6%

Gross Rate

£500

Minimum Deposit

£1,000,000

Maximum Deposit

Yorkshire Building Society - Access Saver ISA Plus Issue 5
annually

Paid Interest

0.6%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Monmouthshire Building Society - 1 Year Fixed Rate Cash ISA - Issue 11
annually

Paid Interest

0.6%

Gross Rate

£3,000

Minimum Deposit

£20,000

Maximum Deposit

Shawbrook Bank - 1 Year Fixed Rate Cash ISA Bond Issue 41
annually

Paid Interest

0.6%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Shawbrook Bank - 1 Year Fixed Rate Cash ISA Bond Issue 41 Monthly
monthly

Paid Interest

0.6%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Barclays - Premier 1-Year Flexible Cash ISA Issue 13 Ex/C Mon
monthly

Paid Interest

0.6%

Gross Rate

£1

Minimum Deposit

£1,000,000

Maximum Deposit

Barclays - Premier 1-Year Flexible Cash ISA Issue 13 Ex/C
maturity

Paid Interest

0.6%

Gross Rate

£1

Minimum Deposit

£1,000,000

Maximum Deposit

Bath Investment & Building Society - Instant ISA
annually

Paid Interest

0.6%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

AA Savings - ISA (2 Year Fixed Rate ISA Issue 18)
annually

Paid Interest

0.55%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Loughborough - Instant Access Cash ISA Issue 5
annually

Paid Interest

0.55%

Gross Rate

£1

Minimum Deposit

£750,000

Maximum Deposit

Skipton Building Society - 1 Year Fixed Rate ISA Issue 124
maturity

Paid Interest

0.55%

Gross Rate

£500

Minimum Deposit

£1,000,000

Maximum Deposit

Skipton Building Society - 1 Year Fixed Rate ISA Issue 124 Monthly
monthly

Paid Interest

0.55%

Gross Rate

£500

Minimum Deposit

£1,000,000

Maximum Deposit

Post Office Money - Online ISA (2 Year Fixed Rate Cash ISA Issue 24)
maturity

Paid Interest

0.55%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Post Office Money - Online ISA (1 Year Fixed Rate Cash ISA Issue 24)
maturity

Paid Interest

0.5%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Cumberland - 1 Year Fixed Cash ISA
annually

Paid Interest

0.5%

Gross Rate

£1,000

Minimum Deposit

£1,000,000

Maximum Deposit

Shawbrook Bank - Easy Access Cash ISA Issue 14
annually

Paid Interest

0.5%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Shawbrook Bank - Easy Access Cash ISA Issue 14 Monthly
monthly

Paid Interest

0.5%

Gross Rate

£1,000

Minimum Deposit

£250,000

Maximum Deposit

Leeds Building Society - 1 Year Fixed Rate ISA Issue 137
maturity

Paid Interest

0.5%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

West Bromwich Building Society - 1 Year Fixed Rate ISA
annually

Paid Interest

0.5%

Gross Rate

£1,000

Minimum Deposit

£99,999,999

Maximum Deposit

AA Savings - ISA (1 Year Fixed Rate ISA Issue 18)
maturity

Paid Interest

0.5%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Britannia - Fixed Rate Cash ISA to 30/06/2022
annually

Paid Interest

0.5%

Gross Rate

£5,000

Minimum Deposit

£1,000,000

Maximum Deposit

Barclays - 1 Year Flexible Cash ISA Issue 27
maturity

Paid Interest

0.5%

Gross Rate

£1

Minimum Deposit

£1,000,000

Maximum Deposit

Barclays - 1 Year Flexible Cash ISA Issue 27 Monthly
monthly

Paid Interest

0.5%

Gross Rate

£1

Minimum Deposit

£1,000,000

Maximum Deposit

Skipton Building Society - eISA Saver Issue 5
annually

Paid Interest

0.5%

Gross Rate

£1

Minimum Deposit

£1,000,000

Maximum Deposit

Skipton Building Society - eISA Saver Issue 5 Monthly
monthly

Paid Interest

0.5%

Gross Rate

£1

Minimum Deposit

£1,000,000

Maximum Deposit

Principality Building Society - Triple Access ISA Issue 3
annually

Paid Interest

0.5%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

Ecology Building Society - Ecology Cash ISA
annually

Paid Interest

0.45%

Gross Rate

£25

Minimum Deposit

£99,999,999

Maximum Deposit

Britannia - Fixed Rate Cash ISA to 30/06/2021
annually

Paid Interest

0.45%

Gross Rate

£5,000

Minimum Deposit

£1,000,000

Maximum Deposit

AA Savings - ISA (Member Easy Access ISA Issue 7 Ex/C)
annually

Paid Interest

0.45%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

State Bank of India - Flexi ISA
annually

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

State Bank of India - Flexi ISA Monthly
monthly

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

Vernon - Easy Access Cash ISA
annually

Paid Interest

0.4%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Principality Building Society - Maturity Limited Access Cash ISA Issue 2 Ex/C
annually

Paid Interest

0.4%

Gross Rate

£500

Minimum Deposit

£99,999,999

Maximum Deposit

Marsden - Branch Cash ISA (Issue 5) Ex/C
annually

Paid Interest

0.4%

Gross Rate

£25

Minimum Deposit

£250,000

Maximum Deposit

Halifax - ISA Saver Fixed - 2 Year Term Ex/C
annually

Paid Interest

0.4%

Gross Rate

£500

Minimum Deposit

£9,000,000

Maximum Deposit

Halifax - ISA Saver Fixed - 2 Year Term Ex/C Monthly
monthly

Paid Interest

0.4%

Gross Rate

£500

Minimum Deposit

£9,000,000

Maximum Deposit

Bank of Scotland - 2 Year Fixed Cash ISA Ex/C
annually

Paid Interest

0.4%

Gross Rate

£500

Minimum Deposit

£9,000,000

Maximum Deposit

Bank of Scotland - 2 Year Fixed Cash ISA Ex/C Monthly
monthly

Paid Interest

0.4%

Gross Rate

£500

Minimum Deposit

£9,000,000

Maximum Deposit

Lloyds Bank - 2 Year Fixed Rate Cash ISA Ex/C
annually

Paid Interest

0.4%

Gross Rate

£3,000

Minimum Deposit

£99,999,999

Maximum Deposit

Lloyds Bank - 2 Year Fixed Rate Cash ISA Ex/C Monthly
monthly

Paid Interest

0.4%

Gross Rate

£3,000

Minimum Deposit

£99,999,999

Maximum Deposit

Darlington Building Society - Cash ISA (Issue 2)
annually

Paid Interest

0.35%

Gross Rate

£1

Minimum Deposit

£500,000

Maximum Deposit

Post Office Money - Online ISA (Easy Access Issue 23)
annually

Paid Interest

0.01%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

AA Savings - ISA (Easy Access ISA Issue 21)
annually

Paid Interest

0.01%

Gross Rate

£100

Minimum Deposit

£99,999,999

Maximum Deposit

Buckinghamshire Building Society - 30 Day Cash ISA
annually

Paid Interest

0.3%

Gross Rate

£100

Minimum Deposit

£500,000

Maximum Deposit

Bank of Scotland - 2 Year Fixed Cash ISA
annually

Paid Interest

0.3%

Gross Rate

£500

Minimum Deposit

£9,000,000

Maximum Deposit

Bank of Scotland - 2 Year Fixed Cash ISA Monthly
monthly

Paid Interest

0.3%

Gross Rate

£500

Minimum Deposit

£9,000,000

Maximum Deposit

Buckinghamshire Building Society - 30 Day Cash ISA Monthly
monthly

Paid Interest

0.3%

Gross Rate

£100

Minimum Deposit

£500,000

Maximum Deposit

Hampshire Trust - 1 Year ISA Bond (Issue 14)
maturity

Paid Interest

0.3%

Gross Rate

£1

Minimum Deposit

£250,000

Maximum Deposit

Nationwide Building Society - 1 Year Triple Access Online ISA 9 Ex/C
maturity

Paid Interest

0.01%

Gross Rate

£1

Minimum Deposit

£5,000,000

Maximum Deposit

Virgin Money - Easy Access Cash ISA (APS) Issue 6 Ex/C
annually

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Virgin Money - Easy Access Cash ISA (APS) Issue 6 Ex/C Monthly
monthly

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Chelsea Building Society - e- ISA Plus
annually

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£1,000,000

Maximum Deposit

Virgin Money - Easy Access Cash E-ISA Issue 28
annually

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Virgin Money - Easy Access Cash E-ISA Issue 28 Monthly
monthly

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£2,000,000

Maximum Deposit

Newcastle Building Society - Easy Saver - ISA (Issue 2)
annually

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

Newcastle Building Society - Easy Saver - ISA (Issue 2) Monthly
monthly

Paid Interest

0.25%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

Leeds Building Society - ISA Saver
annually

Paid Interest

0.15%

Gross Rate

£1

Minimum Deposit

£99,999,999

Maximum Deposit

Buckinghamshire Building Society - Cash ISA Monthly
monthly

Paid Interest

0.15%

Gross Rate

£1

Minimum Deposit

£500,000

Maximum Deposit

Buckinghamshire Building Society - Cash ISA
annually

Paid Interest

0.15%

Gross Rate

£1

Minimum Deposit

£500,000

Maximum Deposit

Barclays - Instant Cash ISA Issue 1
monthly

Paid Interest

0.1%

Gross Rate

£1

Minimum Deposit

£100,000

Maximum Deposit

Britannia - Additional Allowance ISA
annually

Paid Interest

0.09%

Gross Rate

£0

Minimum Deposit

£99,999,999

Maximum Deposit

Bank of Scotland - Access Cash ISA
annually

Paid Interest

0.05%

Gross Rate

£1

Minimum Deposit

£9,000,000

Maximum Deposit

Compare Cash ISAs

Search for the best ISAs today
What are ISAs?

ISAs are basically a tax-free wrapper for savings and investment products, which enable you to put away a set amount of money in any tax year to April. With other savings products, basic rate tax payers are looking at 20% tax, while high rate payers are looking at 40%. On 1st July 2014, the government changed ISAs to New ISAs (NISAs) to take into account of subscription limits and flexibility of how you can invest your money between cash, stocks and shares or a combination of both. New ISA annual allowance for the tax year 2015/2016 was £15,240. You will be able to split the amount you pay into an ISA between a Cash NISA and a Stocks and Shares NISA as you choose – up to the new overall annual NISA limit.

There are two types of ISA, these are: Cash ISA: These offer a safe way of saving money in the short-term and are usually taken through banks and building societies. You only need to be 16 years old to open one of these. Cash ISA savers can also transfer money saved in their Cash ISA to a Stocks and Shares ISA. Stocks and Shares ISA: These may involve investment funds; unit trusts, shares, bonds, as well as life insurance policies, and are usually taken through an investment company. As with any investment, there is a risk that you may not get all your money back.

Finding the best Cash ISA for you

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.

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.

How does a Stocks and Shares ISA work?

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 MoneyExpert 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 ne

Our Top Tips

TIP: Remember that you can now invest in up to two ISAs each tax year.

TIP: Try not to withdraw money from your ISA. Once you have invested the limit, if you make a withdrawal, you cannot top it up again.

TIP: If you are switching ISAs do not just withdraw the cash – you will lose your tax-free element! Make sure the new bank or building society can set up the transfer for you.

TIP: Cash ISAs are safe and are good for short-term savings. Stocks and Shares are more risky and need to be invested for longer periods. Make sure you can live without the cash if you opt for the latter.

TIP: If you’re a taxpayer, try to make use of your annual ISA tax free allowance. The interest rates for cash ISAs are more generous than for many equivalent non-ISA accounts.

TIP: Look out for all the usual dos and don’ts when it comes to interest rates; there may be minimum withdrawals or a minimum on how much you need to deposit.

Please note: The HM Treasury regularly review rules relating to ISAs and they are subject to frequent amendment.