Best cash ISA rates this week

Last updated: Mar 27th, 2015
Feature by Moneywise editorial team

Everyone aged over 16 can save up to £15,000 in an ISA during the 2014/15 tax year.

This means all interest you earn in your ISA is free of tax - so a cash ISA should always be the first home for your savings.

Which type of cash ISA do you need?

When picking an ISA, the first thing to decide is whether you want to fix your interest rate or opt for more flexibility with a variable rate.

If you want to secure the interest rate you earn on your savings, and are happy to lock your money away for a set period of time, then a fixed-rate ISA might be for you.

However, if you want to make additional deposits beyond the upfront opening deposit, or make withdrawals, then a variable-rate ISA with easy access is probably more suitable.

Find the best Cash ISA or savings account for you


  • Skipton BS Online Bonus Cash Isa (Issue 4) pays 1.5% AER on balances over £1, this includes a 0.5% bonus for 12 months. It can be managed online only and transfers in are not permitted.
  • Post Office Money Online Isa - Easy Access (Issue 1) offers a rate of 1.5% AER. This includes a bonus rate of 0.85% for the first 12 months. Minimum deposits is £100. The ISA can be accessed online only and transfers from other Isas are permitted.
  • NS&I Direct Isa pays a rate of 1.5% AER on a minimum balance of just £1. The Isa can be opened online or over the phone. Transfers in are not accepted.
  • If you have a larger amount to transfer, consider the First Direct Cash ISA which offers a rate of 1.5% AER on balances of £40,000+. First Direct is well known for excellent customer service and pays a £125 for transferring your current account business to them.


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