Cash ISA's

Cash ISA's are a great way to save and avoid paying tax on the interest you earn. Cash ISA's have a ceiling limit of how much you are legally allowed to pay in each tax year of £5100 per person. 

There are two types of ISA's which offer good investment opportunities:

• Cash ISA's
• Stocks & Shares ISA's

The Cash ISA offers a safe investment which is deposit backed, making them a great plan for the more cautious investor. Whereas Stocks & Shares ISA's offer the possibility of a higher return but at a higher risk, worse case scenario; you could loose everything you have invested!

Cash ISA's can be sourced from most high street banks or building societies as well as many other large finance companies. Accounts can offer instant access but higher rates of interest can be achieved by choosing a notice account ISA which requires notice to be given in order to access the funds. Some of the notice accounts offer a fixed rate of interest which is usually quite competitive but the funds do need to remain untouched for the whole of the term to qualify for the full benefit.

For further information on ISA's and what they can offer, take a look at our Guide to ISA's

Download the Saving Accounts PDF Guide here - see our other free PDF guides here

Guide Contents

Why Save?
Tips to help you start saving
The different types of savings accounts
Instant Access
E-Saver
Regular Savings Account
Notice Accounts
Affinity Savings Accounts
Ethical Savings Accounts and Charity Savings Accounts
Cash ISA's
National Savings & Investments
Children's Savings Accounts
Term or Bond Savings Accounts
Guaranteed Equity Savings Account
Frequently Asked Questions
Further help with Savings Accounts

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