Cash Isa Interest Rates. This exclusive variable loyalty rate upon the expiry of your loyalty rate period, you will earn a standard rate of interest until you make a further payment. Cash isa interest rates are either variable or fixed and that is dependent on the type of account.
Why should i transfer my cash isa? Fixed rate cash isas usually offer slightly higher rates than variable cash isas, but the idea is that you don't withdraw your cash before the fixed term because interest rates are currently so low, your savings won't grow much in a cash isa. Savings accounts while not always offering interest rates as strong as isas, standard savings accounts can offer you greater flexibility.
While the top rates have tumbled in recent months, if you do need an isa's tax benefits, this guide has the top picks.
Interest rates are very low at the moment, because the bank of england has set the base rate at a very low level. Santander do not offer innovative finance isas or lifetime isas. You can start your isa savings. The amounts deposited here are however locked for a specific period of time, two, three or five years, and initiating a withdrawal request attracts such penalties as the loss of interest.