Here are some of the top rates at the moment. Please remember that this is not advice and I’m not paid by any of these organisations to plug their accounts. I would advise great caution when dealing with any Bank or Building Society. Try to keep a balance at no more than £85,000 in a single account so that you are covered by the compensation scheme. Be warned that often when it comes to banking products, you do not always get what it says on the tin… at least the large print.
Key things to reflect on are the ACCESS you want to the funds. Many accounts need 30 days, 60 days or longer to make a withdrawal, which is not always possible when your boiler needs replacing. Cash ISAs are great places to park money so that interest (which is pitiful at present) is paid without tax. However, this is only really sensible for short-term holdings (under 5 years) and assuming that you are not using your stocks and shares ISA – which would generally be a better long-term investment.


One Year Deposit

Online: Skipton 3.45%
Bank: Santander 4.20%
Building Society Barnsley 5.00%

Two Year Deposit
Online: Nottingham 4.00%
Bank: Yorkshire 3.82%
Building Society: National Counties 3.76%

Instant Access
Online: Derbyshire 3.18%
Bank: Santander 2.50%
Building Society: Nottingham 3.25%

Fixed Rate Cash ISA
Online: Clydesdale 4.50%
Bank: Clydesdale 4.50%
Building Society: Barnsley 5.00%

Variable Rate Cash ISA
Online: AA 3.05%
Bank: Santander 4.00%
Building Society: Newcastle 3.00%

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email