What is a Cash ISA?
Cash ISAs are savings accounts where you do not have to pay any tax on the interest. You can pay up to £3,600 (£5,100 for 2010-11) each tax year into a Cash ISA and earn tax-free interest on your money.
What different types of Cash ISA are available?
The best Cash ISA for you will depend on, many factors, including what type of access to your money you want to have.
The best Cash ISA rates are paid on accounts you run over the internet but there are good deals through bank and building society branches and ones you run over the telephone.
There are two different types of Cash ISA:
- Easy access ISAs let you take money out of the account whenever you want without charge.
- Fixed rate term ISAs tie up your money from anywhere between one and four years, but guarantee a fixed interest rate for that term.
Our top cash ISAs
How can I make sure I'm getting the best rate on my Cash ISA?
Make the most of your tax-free savings by finding a Cash ISA with a high interest rate. There is a wide gap between the best Cash ISAs and the worst, so make sure you compare all the different accounts available.
Once you have opened an ISA, check rates regularly to make sure you are still earning a high interest rate.
You can switch from one provider to another to get the best Cash ISA rate but ask your old and new providers to organise the switch - otherwise you could end up paying tax on your interest.
Compare now and find the best Cash ISA for you .