Disclaimer: The rates shown are for information purposes only. Although endeavours have been made to provide accurate and timely information, Investment Sense Ltd cannot be held responsible for any errors or omissions of the information supplied.
All rates are subject to change without notice, please check with the bank or building society before investing. With fixed term notice savings accounts you can’t usually withdraw your money until the notice term has ended. Penalties may apply.
Eligible deposits are protected by the Financial Services Compensation Scheme ‘FSCS’ up to a maximum level of £85,000 per person per registered institution.
Cash ISAs have been a popular option for savers now for nearly two decades, however they have been recently overhauled and are not even more attractive to savers.
Savers can now transfer money from a Stocks & Shares ISA to a Cash ISA.
It is also possible to transfer money from one Cash ISA to another, generally to get a better rate of interest.
Taking out a five-year fixed rate Cash ISA will mean the interest is fixed for the entire five years, giving you certainty. However, if interest rates were to rise during that period, as expected, you might be left in an uncompetitive account, which you can’t get out of.
Five-year Fixed Rate Cash ISAs are available from banks and building societies, either in a branch, by post, over the telephone or online. You will generally have a choice to have your interest paid away to a separate account each month, or added to your capital and paid back to you at maturity.
