Cash Isas: The best places for your cash

It’s time to get organised and make sure you’ve got the best cash Isa deal for the year ahead. Here, we pick some of the best-paying cash Isas on the market now.

The end of the tax year 5 April is getting closer. And for savers this means you haven't got long to use up this year's Isa allowance. So, it's time to get organised and take a look at your current Isa accounts and make sure you've got the best deals for the year ahead. But what do you need to look out for when choosing your account?

Even though inflation has fallen recently, it's still a tricky task to make sure your savings aren't eroded by rising prices. Normal savings accounts would need to pay around 4.5% interest to protect basic-rate taxpayers and 6% for higher-rate taxpayers, writes Jill Insley in The Guardian. However, the average rate on offer for no-notice savings accounts is a miserly 0.92%.

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AA Internet Access Isa Issue 23.05NInstant access Isa, requires a minimum deposit of £500. Rate drops to 0.5% after 12 months.
Aldermore One-year Fixed Rate Isa3.35YFixed-rate, requires an initial £1,000 deposit. One lump-sum deposit only. Interest 0.5% if balance drops below £1,000.
M&S Money Advantage Cash Isa3YVariable-rate, instant-access only, requires an initial deposit of £25 a month by direct debit or a £100 lump sum.
Post Office Two-year Fixed Rate Isa3.6YTwo-year fixed rate. Minimum investment £500. One lump-sum deposit only.
Metro Bank One-year Fixed Rate Isa Issue 23.25YOne-year fixed account. One lump-sum deposit.180-day interest penalty for withdrawals.
Aldermore 60 Day Cash Isa Issue 23.15YRequires 60 days notice of withdrawal, minimum £1,000 investment.
BM Savings Two-year Fixed Rate3.6YTwo-year fixed rate. £500 deposit needed. Penalties for early withdrawals. Account operated by post only.
C&G Fixed Rate Isa 133.9YThree-year fixed-rate, minimum deposit £100. 120-day interest penalty for withdrawals. Withdrawals by post (cheque) only.
Yorkshire Bank Cash Isa Fixed Rate Bond 164.25YFive-year Isa, minimum deposit £2,000. Withdrawals incur minimum £30 charge, and account closure.
Cheshire Direct Cash Isa3.06NInstant access, minimum balance £1,000 (drops to 0.25% if below).
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