Cash ISA season is almost over and that means the best savings rates are set to disappear unless you act fast, says money expert Martin Lewis as he names the six best easy-access Cash ISAs right now. According to the Money Saving Expert founder, this time of year – at the end of March and start of April – is when various banks, building societies and financial service firms offer the best rates on Cash ISAs, to try to lure in new customers around the end of the tax year and the start of the new tax year.
That’s because this is the key time of year when savers will be maxing out their ISA before the new tax year starts and then making a start on filling out their new Cash ISA allowance for the new tax year. It means the very best rates are likely to start disappearing soon, which is why it makes sense to grab the best deals now.
Cash ISA limits are still set at £20,000 for this current tax year, though Martin Lewis confirmed on the latest episode of his The Martin Lewis Podcast on Wednesday that changes to the limits for next year have been discussed by Chancellor Rachel Reeves, though no final decision has yet been made.
Given that it’s possible Cash ISA deposit limits may be cut next year, Martin Lewis told savers that the safest thing to do is fill up your ISA for 2025-26 now, which still has a £20,000 limit.
Speaking on the latest episode of his podcast, Martin picked out six of the best Easy Access variable Cash ISAs you can take out right now.
Martin said: “These are the best rates available at the time of recording but some of these may well have changed by the time you listen.
“Let’s start with the top easy access Cash ISAs. All of those I’m about to mention because they’re easy access, they’re variable, that means the rates can change.
“So if you get one now, that doesn’t mean the rate will be the same in four or five months’ time, you need to keep your eye on it. But with all of them, these are Cash ISAs where you can put your money in and take it out whenever you like.
“All of those I’m gonna mention have unlimited withdrawals.
“So the very top rate is Trading212 at 5.04%, minimum £1, then you’ve got Moneybox at 5.03%, minimum £500. Tembo at 4.8% which is app-only, minimum £10.
“Now all of the accounts I’m mentioning do allow you to transfer old ISAs in.”
Martin added: “Now for the top bigger name easy access Cash ISAs.
“Leeds Building Society is 4.41% variable with a minimum £1,000.
“Markus, which is owned by Goldman Sachs, app only is 4.3% variable with a minimum £1, and the Post Office, which is probably the biggest of the big names I’m going to mention which has a decent rate, is 4.05% with a minimum £100.”
For the latest rates, Money Saving Expert has a live list of the top Cash ISAs on its site. You can still listen to The Martin Lewis Podcast from April 16 on BBC Sounds, Spotify and Apple Music.
