Cash ISA best buys – including 4.76% easy access and 4.55% for 1 year fixed rate

Cash ISA rates have started to drift lower after the August and November base rate cuts last year, but still remain a good option if you’re looking to keep all or some of your savings balances free from tax deductions.

With interest rates on savings accounts soaring during the last tax year, more and more people are concerned that they will exceed their annual Personal Savings Allowance (PSA).

While interest rates were at rock bottom it wasn’t an issue for many savers, but now it’s very different and people are once again switching some of their cash to ISAs to reduce their exposure to the tax man.

Currently a basic rate taxpayer can earn £1000 of interest totally tax free per year and for higher rate taxpayers the limit is £500.

If you’re still looking for a home for your tax free savings these are currently a selection of the best buy deals (correct as at 26th January 2025)

Easy Access variable interest rate:

• Monument Bank – Easy Access Cash ISA 4.76%
• Principality Building Society Online Bonus 5 Access Cash ISA 4.70%
• Charter Savings Bank – Easy Access Cash ISA 4.57%
• Kent Reliance – Easy Access Cash ISA 4.56%
• Zopa – Smart ISA 4.55%

1 Year Fixed Rate ISA – no access:

• Castle Trust Bank- 4.55%
• Close Brothers Savings – 4.55%
• Shawbrook Bank – 4.53%
• Charter Savings Bank – 4.49%

2 Year Fixed Rate ISA – no access:

• Castle Trust Bank – 4.45%
• Close Brothers Savings – 4.44%
• Kent Reliance 4.44%
• Hodge Bank – 4.43%

For all the latest personal savings and cash ISA best buy accounts – check here

All the above accounts are covered by the Financial Services Compensation Scheme up to £85,000 per person