A Cash ISA (Individual Savings Account) is a tax-free way to save. On other savings accounts, you may have to pay income tax on the interest you earn. The interest on a cash ISA is free from tax, so all the interest you earn, you keep. Take a look at our cash ISA rates below.
For the tax year starting 6 April 2016, the ISA allowance is £15,240 for cash or Stocks and Shares ISAs and £4,080 for Junior ISAs.
Remember, to use the remainder of your tax-free annual ISA allowance for 2016/2017, or replace funds you have taken out during this tax year (subject to the terms and conditions of your account), the money needs to be put into your account before midnight on 5 April 2017