Best cash Isa rates this week

Last updated: Nov 19th, 2015
Feature by Tom Wilson

Everyone aged over 16 can save up to £15,240 in an Isa during the 2015/16 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


  • Nationwide pays 1.6% AER on balances between £1 and £15,240 on its Flexclusive Isa but you’ll need to be an existing customer. You can transfer money in, and the account can be managed either in-branch or online.
  • Virgin Money Defined Access e-Isa (Issue 3) pays 1.56% AER if you don’t need frequent access to your savings. The interest rate will drop to 0.75% if you make more than three withdrawals in a year. The account is available online, and you can open the account with a pound. Transfers are accepted, and there’s no maximum balance.
  • Punjab National Bank Variable Rate Cash Isa pays 1.65% AER but you’ll have to open and manage the account in branch and its network is limited. The minimum deposit is a pound and transfers are accepted from other cash Isas. 


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  • Clydesdale Bank Cash Isa 40 Day Notice pays a bonus-free 2% AER on balances over £24,000 but does not accept transfers in so you won’t receive the full 2% unless you split your deposit across two Isa seasons. You’ll get 1% interest between £500 and £9,000, and 1.5% interest between £9,000 and £24,000. It can be run online, over the phone or in branch. The same terms are available with Yorkshire Bank too.
  • Bank and Clients’ Cash Isa pays 1.75% AER on balances over £20,000 and 1.5% on balances between £25 and £20,000. Again, you won’t be able to transfer in so you’ll only be able to get 1.5% in your first year even if you deposit your full Isa allowance. Accounts must be managed by post, but can be opened in branch too. You’ll need to give 60 days’ notice to withdraw, or you’ll forfeit 60 days interest.
  • National Counties Building Society 3rd Issue 45 Day Notice Cash Isa pays 1.6% AER on balances greater than £30,000, 1.45% on balances above £15,000 and 1.3% on balances exceeding £3,000. This account can be opened online, by phone, post or in branch and transfers are permitted. 



  • United Bank UK’s 5 Year Fixed-Rate Cash Isa pays 2.55% AER on balances over £2,000, fixed for 60 months. You can transfer balances in, but you’ll need to do so immediately after opening an account. You can open an Isa in branch or by post, and once you’ve done that you can also manage transactions online.
  • Virgin Money Fixed-Rate Cash e-Isa (Issue 148) offers a rate of 2.51% AER on minimum investments of £1. The Isa can be accessed online only. Transfers in from other Isas are accepted within the first 30 days of opening an account.
  • Julian Hodge Bank Fixed-Rate Isa pays 2.50% AER on minimum balances of £5,000. The Isa can be managed in branch, or by post. Transfers in are accepted and there’s no maximum balance.


  • United Bank UK has a four-year fixed-rate account that pays 2.3% AER. You can open an account in branch or by post, and once it’s set up you can manage it online too. You can transfer money in from other Isas when you open the account, and there’s a minimum balance of £2,000.
  • If you’re an existing customer, the Punjab National Bank pays 2.35% AER on balances between £1,000 and £15,240, fixed over four years. Alternatively, you can lock in for three years at 2.3%. You’ll have to be an existing customer and accounts have to be opened in branch. You can transfer in money, but you’ll need to be wary of the upper limit. 
  • Principality’s 3 Year Fixed Rate Cash Isa pays 2.2% AER on balances between £500 and £2,000,000. There’s no early withdrawals, but you can close the account if you forfeit 270 day’s interest. It’s available online and in-branch. 



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