Best money Isa rates for your last likelihood to use the 2018-19 allowance
The current tax year ends on five April 2019, at that purpose your £20,000 exempt allowance for 2018-19 can expire and brand new one for the new 2019-20 tax year.
Even a wad of money to take a position, you may have savings elsewhere that would have the benefit of an exempt wrapper. Remember, your allowance, you do.
Typically, protection up to your cash for extended can get you a much better rate. Right now, however, a four-year fixed-rate money Isa pays but a biennial fixed-rate deal.
It’s value noting that inflation is presently one.8%. If you’re earning interest than this, your cash is also losing worth in real terms. To beat the present rate, you'd have to be compelled to lock your cash away for a minimum of 2 years.
The links can take you thru to Which? cash Compare, our comparison web site, that permits you to explore many savings deals.
| Type | Product | AER | Minimum deposit | Transfers allowed? | Terms |
| Instant-access Isa | Virgin Money Double Take E-Isa Issue 5 | 1.45% | £1 | Yes | Limited to two withdrawals per the calendar year (full closure and transfer is permitted following the second withdrawal) |
| One-year fixed-rate Isa | Shawbrook Bank One-Year Fixed-Rate Cash Isa Bond Issue 30 | 1.77% | £5,000 | Yes | Early withdrawal will earn a penalty of 90 days’ interest. |
| Two-year fixed-rate Isa | Charter Savings Bank Two-Year Fixed-Rate Cash Isa | 1.95% | £1,000 | Yes | Early withdrawal will earn a penalty of 180 days’ interest. Must leave £1,000 in the account. |
| Three-year fixed-rate Isa | Charter Savings Bank Three-Year Fixed-Rate Cash Isa | 2.05% | £1,000 | Yes | Early withdrawal will earn a penalty of 210 days of interest. Must leave £1,000 in the account. |
| Four-year fixed-rate Isa | Hodge Bank Four-Year Fixed-Rate Cash Isa | 1.80% | £1,000 | No | Early withdrawal will incur a penalty of 320 days’ interest. |
| Five-year fixed-rate Isa | Shawbrook Bank Five-Year Fixed-Rate Cash Isa Bond – Issue 16 | 2.30% | £5,000 | No | Early withdrawal will incur a penalty of 360 days’ interest. |
Please note that within the table is for informational functions solely and doesn't represent money recommendation. Please consult with the actual terms and conditions of the bank account supplier before committing to any money product.
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