Which cash ISA would work best for me this year please?

[m4rky1985]

Hello,

After a little advice please as I'm quite new to ISA's etc having left my 'emergency' savings in premium bonds in the past but at the end of last year opened up a chip ISA with a bonus incentive and ended up getting approx £100 a month interest (on £20k) which is obviously a nice little bonus each month.

I had to draw some of that out last month (planned) and the bonus interest rate is coming to an end soon I think.

Over the next few months i'll have...

£8000 to invest straight away

Then a couple of small savings accounts due to mature over the next few months that I've been putting in to (Virgin 10% saver etc) which I plan to put in the ISA to top it up if possible.

In a nutshell I would like an ISA where I can deposit £8k and then top it up to £20k over the next couple of months but also have easy access - at least twice in the next 12 months and also a decent rate - 4% + preferably monthly interest like chip.

Does such an ISA exist or am I after the holy grail! I still have the chip account and a trading 212 account at the moment...

Thanks for any help / advice...

Just search the best easy access ISA interest rates, there are plenty. Don't forget to do an ISA transfer rather than withdrawing from your existing ISA.

As well as easy access ISAs, some institutions have limited access ISAs, eg 6 times a year, with slightly higher rates. They probably don't show up in a list of easy access accounts, so you need to search around.

Trading 212 cash ISA is 4.5%, unlimited withdrawals and a flexible ISA (so you can top up within the year’s £20k limit if you need to withdraw) so that sounds like it fits your needs?

As @BadgerFace mentioned Trading 212 cash ISA - They have a promo rate for new customers (with a promo link) of 5.04% for 12 months.

Be clever with your cash website seems to be the best place to find the latest rates and they also have a promo link for the Trading 212 bonus..

becleverwithyourcash.com/cash-savings-beat-inflation/

If you will be taking money in and out you are best with a flexible ISA. Otherwise tracking how much of your allowance you've used is a pain.

Most providers should show you how much you've contributed in the tax year, regardless of withdrawals.

FYI I’ve just had an email from Trading 212 to say cash ISA rate is reducing from 1 May from 4.5% to 4.35%.

Thank you for all the replies, much appreciated :-)