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Hargreaves Lansdown has launched an easy-access cash Isa that pays a top rate of 4.55 per cent.
You can open it with just £1 through the Hargreaves Lansdown* savings platform, with the account provided in partnership with Shawbrook Bank.
The rate makes the account a best buy that sits just ahead of the 4.53 per cent option available through Trading 212, which includes a 0.68 per cent bonus for 12 months.
Etoro is currently offering a cash Isa through wealth manager Moneyfarm, paying an introductory 4.67 per cent for 12 months – but there are withdrawal restrictions that will hit the rate you receive.
You should keep in mind that Hargreaves Lansdown’s cash Isa isn’t a flexible Isa, which means any money you withdraw and replace this tax year will reduce your £20,000 allowance.
Your money is held by Shawbrook Bank, which is covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if anything were to go wrong. Read more about the account below.
> Open a Hargreaves Lansdown cash Isa*
Best buy: Hargreaves Lansdown has launched a top rate in partnership with Shawbrook
Top rate: How does Hargreaves Lansdown’s cash Isa compare?
Hargreaves Lansdown is currently offering the best cash Isa rate that doesn’t have a limited-time boost or withdrawal restrictions.
This makes it well worth considering – the rate comfortably beats the base rate of interest, which the Bank of England held at 4 per cent last week.
The rate is variable, which means Hargreaves Lansdown can change it – this often happens in response to a base rate change, even though savings rates aren’t explicitly tied to it. You’ll be paid interest monthly.
This cash Isa is slightly different to others available through the platform, because Hargreaves Lansdown itself sets the availability of the account and its interest rate, rather than the underlying bank.
One caveat is that while you can transfer an existing Isa over to Hargreaves Lansdown, you can only transfer it to a stocks and shares Isa initially. When this completes, you can move the uninvested money into a cash Isa.
> Open a Hargreaves Lansdown cash Isa*
Here are other options to consider. When it comes to bonus rates, the boost is usually fixed while the underlying rate is variable. Make sure you check the terms and conditions before going ahead.
Etoro – 4.67 per cent*: This cash Isa is provided in partnership with Moneyfarm. New customers who open an account before 31 December 2025 can get a fixed 0.8 per cent boost for 12 months, after which the rate drops to 3.67 per cent (the standard introductory rate is 3.87 per cent). The rate plummets to 3.67 per cent after three withdrawals in the year. The minimum deposit is £1.
Trading 212 – 4.53 per cent*: This comes with a fixed 0.68 per cent bonus for 12 months for new customers. There are no withdrawal restrictions and it’s a flexible Isa, meaning you withdraw and replace funds within the same tax year without affecting your allowance. The minimum deposit is £1.
Moneybox – 4.47 per cent: This includes a 0.77 per cent bonus for 12 months for new customers. But it’s not a flexible Isa and your rate will nosedive to a measly 0.75 per cent after three withdrawals, or when your balance is less than £500 – this is the minimum needed to open an account.
Plum – 4.45 per cent*: Again, this is another boost – the bonus is 1.41 per cent for 12 months for new customers. There are no withdrawal restrictions though, and you can open the Isa with a minimum of £1. It’s not a flexible Isa.
> Read more: The best cash Isa savings rates
SAVE MONEY, MAKE MONEY
Sipp cashback
Sipp cashback
£200 when you deposit or transfer £15,000
4.53% cash Isa
4.53% cash Isa
Trading 212: 0.68% fixed 12-month bonus
£20 off motoring
£20 off motoring
This is Money Motoring Club voucher
Free shares bundle
Free shares bundle
Get free UK shares worth up to £200
4.45% Isa with bonus
4.45% Isa with bonus
Now with no penalty for withdrawals
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