The best cash ISAs are currently returning inflation-busting rates of up to 5%, while a stocks and shares ISA is a good option for long-term savings.
For those who want to lock in their cash for a set time, fixed-rate cash ISAs are a good place to start.
Everyone adult in the UK gets a £20,000 tax-free Individual Savings Account (ISA) allowance each fiscal year. But with the Bank of England holding interest rates at 4.25%, savings rates could soon drop.
We have rounded up the best cash ISAs on the market today.
The best cash ISAs: easy access
Account | AER | Minimum investment | Flexible ISA? | Notes |
|---|---|---|---|---|
5% | £1 | Yes | Open online. Interest must be compounded. | |
4.88% | £1 (4.85% rate paid at £100) | No | Open via mobile. Interest must be compounded. | |
4.65% | £500 | No | Open online. Interest must be compounded. |
The best cash ISAs: one-year fixed rate
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Account | AER | Minimum investment | Notes |
|---|---|---|---|
4.32% | £1,000 | Open online. Interest can be paid away or compounded. | |
4.31% | £1,000 | Open online or over the phone. Interest must be compounded. | |
4.3% | £500 | Open online. Interest must be compounded. |
The best cash ISAs: two-year fixed rate
Account | AER | Minimum investment | Notes |
|---|---|---|---|
4.25% | £500 | Open online. Interest must be compounded. | |
4.25% | £5,000 | Open online. Interest can be paid away or compounded. | |
4.22% | £1,000 | Open online. Interest can be paid away or compounded. |
The best cash ISAs: three-year fixed rate
Account | AER | Minimum investment | Notes |
|---|---|---|---|
4.25% | £500 | Open online. Interest must be compounded. | |
4.25% | £5,000 | Open online. Interest can be paid away or compounded. | |
4.22% | £2,000 | Open online, in person or via post. Interest must be paid away. |
What you need to know about the best cash ISAs
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