Zopa launches best-buy 5.08% easy-access cash ISA

Zopa has launched a table-topping 5.08% easy access Cash ISA - how do you open it and how does it compare to the rest of the market?

Ladder on Stack of Coins
(Image credit: Nora Carol Photography)

Cash ISAs haven’t been popular in recent years amongst savers due to poor rates, and even though interest rates have gone up, Cash ISA rates still lag behind some of the best savings accounts on the market. 

But, Sarah Coles at Hargreaves Lansdown says, “The rapid rate rises we’ve seen more recently have raised the thorny issue of savings tax again. At the same time, freezing the income tax thresholds – and lowering the additional rate tax threshold – pushed more people into higher tax brackets, which cut their savings allowance overnight.” 

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.