Best Cash Isa rates this week

11 December 2019

If you're a UK taxpayer it's always worth considering a Cash Isa, even though most people can now get some savings interest tax-free.


The personal savings allowance means basic rate taxpayers can earn £1,000 interest tax free without using their Isa, and people who pay the 40% rate can get £500. Read our round-up of the best savings rates to find out more.

But remember that wrapping your money in an Isa means you won't need to worry about a future tax bill because your savings pot has grown and you're earning more than the tax-free threshold.

Everyone aged over 16 can save up to £20,000 in an Isa during the 2019/20 tax year.

Unless otherwise specified, all these banks are individually licenced by the FCA, so your savings will be covered by the Financial Services Compensation Scheme (FSCS) up to £85,000. All interest rates are AER - the annual equivalent rate.

Each week we select our Moneywise Best Buys, highlighting the best Cash Isas on the market.

Top easy access Isas

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 make additional deposits beyond the upfront opening deposit, or make withdrawals, then a variable rate Isa with easy access is probably most suitable for you. 

Al Rayan Bank instant Access Cash Isa 1.36%
Open this account online with a deposit of £50. Note, this account's rate is an expected profit rate (EPR). Find out what this means in our guide.

Yorkshire Building Society 1 Year Limited Access Saver Isa Issue 2 1.35%
Open this account online with a minimum investment of £50. Note: this account is only open to new customers.

Family Building Society Market Tracker Cash Isa 1.34%
Open this account online with £500. 

Best notice account Isas

Notice accounts need you to plan withdrawals in advance, but the rates can be higher than those offered by instant access in some cases.

Earl Shilton 90 Day Notice Cash Isa Issue 2 1.30%
You can open this account online with a minimum investment of £10.

Kent Reliance Cash Isa - 60 Day Notice - Issue 18 1.20%
Open this account with an initial deposit of £1,000.

Aldermore 30 Day Notice Cash Isa 1.30%
Open this account online with a £1,000 minimum deposit. 30 days notice required to withdraw cash. 

Top fixed rate Isas

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, then a fixed rate Cash Isa might be for you.

Best one-year Isas

Aldermore 1 Year Fixed Rate Cash Isa 1.40%
Open this account online with a deposit of £1,000.

Cynergy Bank Fixed Rate Cash Isa 1.40%
Open this account online with a deposit of £500.

Newcastle Building Society One Year Fixed Rate Isa 1.40%
Open this account online with £500.

Top two-year Isas

Metro Bank Two Year Fixed Rate Cash Isa 1.60%
Open this account in-branch with a deposit of £1. 

Aldermore Two Year Fixed Rate Cash Isa 1.55%
Open this account online with £1,000.

Ford Money Fixed rate Cash Isa 1.55%
This account can be opened online for £500.

Best three-year Isas

Paragon Bank Three Year fixed Rate Cash Isa 1.70%
Open this account online with a minimum deposit of £500.

Aldermore Three Year Fixed Rate Cash Isa 1.70%
This account can be opened online, by post, phone or in-branch and requires an initial minimum deposit of £1,000.

Virgin Money 3 Year Fixed rate Isa 1.61%
Open this account online with a deposit of £1. 

Top five-year Isas

Paragon Bank Fixed Rate Cash Isa 1.80%
The account requires a minimum initial deposit of £1,000 and can be opened online.

Leeds Building Society 5 Year Fixed Rate Isa 1.70%
This account can be opened online with £100.

Virgin Money Fixed Rate Cash Isa 1.61%
This account has to be opened online with an initial deposit of £1,000. 

Best Junior Isas

If you're looking to put some cash aside for your kids, Junior Isas are a great way of doing so. These accounts are available to anyone under 18 and tend to offer much higher rates than adult accounts, but there are some restrictions. Read the Moneywise guide to Junior Cash Isas to find out more.

Coventry Building Society Junior Cash Isa 3.6%
Accounts can be opened with a pound in branch, over the phone, online or by post. Interest is paid annually on 30 September. Minimum balance is £1.

Danske Bank Junior Cash Isa 3.45%
Minimum balance is £1. This account is available to all and can be opened over the phone or in Danske Bank's branches across Northern Ireland. Savings are fully protected up to £85,000 by the FSCS. 

How are Moneywise Best Buys selected?

We look across as much of the market as possible to find the best deals using industry data from Defaqto.

All our picks are nationally available - online, by post or by phone. We try and pick products that are available to both new and existing customers, but we’ll highlight some offers for existing customers if they’re much better than what else is on offer.

Unless rates are significantly higher than on other accounts, we avoid products that pay an initial bonus (which is normally a euphemism for a rate cut after 12 months), or those with tiered rates (these may not pay the advertised interest rate if your balance rises above or falls below a set amount).

Deals only available to particular age groups or for “additional subscriptions” are also not included.

All these savings accounts are covered by the FSCS unless otherwise specified. We will prioritise deals from UK-based banks. If your bank is licenced by another European country, savings up to €100,000 will be protected, but by the government where the bank is headquartered, rather than the UK authorities.

We reserve the right to use our discretion at all times.

First published on 12 May 2008

In reply to by anonymous_stub (not verified)

Yet more editorial mistakes! Headline:- Paragon Easy Access Cash Isa Issue 5 1.45%Text:- This account pays 1.40% to savers and can opened online. So is the rate 1.45% or 1.40% ?

In reply to by anonymous_stub (not verified)

What about RateSetter? Their returns seem rather better than those you suggest...?

In reply to by anonymous_stub (not verified)

Please check your entry for Coventry building Society 2 year Fixed cash Isa.

In reply to by anonymous_stub (not verified)

Your item "Top two-year Isas - Kent Reliance Two Year Fixed Rate Cash Isa 1.9%" is incorrect and misleading. The actual rate is 1.65%Regards

In reply to by mo Herbert (not verified)

2 yr. isa . & a saving account wil more than 20 000

In reply to by anonymous_stub (not verified)

Links don't take you to the headline business. Clicked on the Coventry building society 3 year fixed rate ISA @ 2.05% but was taken to Shawbrook bank @1.86%

In reply to by anonymous_stub (not verified)

Dear SirI's all very good for the person or persons who trust internet backing to get these high rates of interest but how about the saver who still likes to save in branch. As a Isa saver who still has his doubts about saving on the net only get poor interest rates. I have already questioned these unfair rates with Virgin Money . I am old school saver and I'm sure there are still loads of older people out there who are suffering with these in branch low rates I think we are being victimized because we want to save in branch instead of the internet

In reply to by Roger Felgate (not verified)

Hi Roger, the product was listed with incorrect name and link, but correct best-buy rate. The correct product is the Paragon Limited Edition Easy Access Cash Isa (Issue 7) with a rate of 1.45%. There is more information available on the product page:

Our apologies, the error has been corrected. 


Moneywise Edmund

In reply to by anonymous_stub (not verified)

what is your reason for not including Coventry B S who are currently offering 2.3% for slightly less than 5 years

In reply to by Gerald Kingsbury (not verified)

Hi Gerald,

Ratesetter are a peer to peer lender which is much risker for savings than the Cash Isas we mention above. It is not protected by FSCS deposit insurance, and because the interest you earn comes from direct lending to business and individuals, the chance of losing your money is much higher. 


Moneywise Edmund

In reply to by anonymous_stub (not verified)

Very informative and well presented

In reply to by anonymous_stub (not verified)

Not enough Isa's at good, rates, and not enough easy access accounts attached to bank accounts at a reasonable rate.

In reply to by anonymous_stub (not verified)

United Bank UK Ltd pay 2.65% on a five year fixed rate ISA for £2000+ deposit

In reply to by anonymous_stub (not verified)

When quoting interest rates you often say "paid annually or monthly".This is not the least bit important to us. Whet we need to know is if the interest is calculated daily monthly or annually which makes a huge difference to the ouitcome.

In reply to by anonymous_stub (not verified)

around end of April i will have 30.000pds to invest what would be advice where to invest in Money wise for ex to get a decent rate of interest Fixed rate ISA over a five yr period perhaps.

In reply to by anonymous_stub (not verified)

I can’t get rid of annoying sign about cookies I keep pressing ok but time after time it just keeps reappearing..It takes up a third of the screen .... no worries I’ll look elsewhere!!

In reply to by anonymous_stub (not verified)

Why is it that only Junior ISAs can attract reasonable interest rates? When will the abuse of savers be ended?

In reply to by anonymous_stub (not verified)

What is the best way to invest to the benefit of my grandchildren who are Australian citizens?

In reply to by anonymous_stub (not verified)

Hi Amrit, we don't include Al Rayan Bank because this is a list of accounts which pay high rates of interest. Al Rayan does not pay interest on any of its accounts.

In reply to by Adam Williams


a share of profits is paid as usury is not permitted under sharia law

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