When it comes to cash ISAs, sticking with your own bank or building society can sometimes be your best bet. There’s often little difference in returns, while all your accounts will sit conveniently in one place.
With our new ISA calculator, we’re making the decision easy. Just tell us what you’re looking for and we’ll compare your bank's best offering against the rest of the market.
Our new Cash ISA calculator puts ‘own bank’ ISA deals (only available to existing customers), side-by-side with cash ISA accounts from the rest of the market. It’s an important comparison for savers to make as, the best cash ISA returns are sometimes reserved for those who already bank with the provider – or who agree to switch their main current account. It can also be handy to keep all your accounts in one place.
Using your full annual cash ISA allowance is especially important with savings rates so low, as you won’t be charged tax on the interest you earn. What’s more, from July 1, 2014, the amount of cash you can keep in an ISA each year soars to £15,000, making this tax saving even greater.
We hope our Cash ISA calculator helps you decide whether it makes sense to stick with your own bank or start saving in pastures new. Good luck!
The ISA calculator shows the best ISA deals irrespective of whether they are available via MoneySuperMarket. The top 25 deals are listed by AER (annual equivalent rate). Interest is shown as compounded monthly, and paid annually. All rates are representative.