Skipton 5 Year Fixed Rate ISA
Open With
£500.00
Interest Rate (AER)
2.1% fixed
for 5 years
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Halifax 5 Year ISA Saver Fixed
Open With
£500.00
Interest Rate (AER)
2.00% fixed
for 5 years
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
No withdrawals allowed except on early closure subject to the loss of 365 days tax-free interest.
Aldermore 3 Year Fixed Rate Cash ISA
Open With
£1,000.00
Interest Rate (AER)
2% fixed
for 3 years
on £1,000+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Aldermore 2 Year Fixed Rate Cash ISA
Open With
£1,000.00
Interest Rate (AER)
1.85% fixed
for 2 years
on £1,000+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Halifax 3 Year ISA Saver Fixed
Open With
£500.00
Interest Rate (AER)
1.75% fixed
for 3 years
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
No withdrawals allowed except on early closure subject to the loss of 270 days tax-free interest.
Skipton 3 Year Fixed Rate ISA
Open With
£500.00
Interest Rate (AER)
1.7% fixed
for 3 years
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Halifax 2 Year ISA Saver Fixed
Open With
£500.00
Interest Rate (AER)
1.60% fixed
for 2 years
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
No withdrawals allowed except on early closure subject to the loss of 180 days tax-free interest.
Aldermore 1 Year Fixed Rate Cash ISA
Open With
£1,000.00
Interest Rate (AER)
1.5% fixed
for 1 year
on £1,000+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Sainsbury's Bank Cash ISA
Open With
£500.00
Interest Rate (AER)
1.45% variable
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
Halifax 1 Year ISA Saver Fixed
Open With
£500.00
Interest Rate (AER)
1.40% fixed
for 1 year
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
No withdrawals allowed except on early closure subject to the loss of 90 days tax-free interest.
Skipton 2 Year Fixed Rate ISA
Open With
£500.00
Interest Rate (AER)
1.4% fixed
for 2 years
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Aldermore 30 Day Notice Cash ISA (Issue 5)
Open With
£1,000.00
Interest Rate (AER)
1.25% variable
on £1,000+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Skipton 1 Year Fixed Rate ISA
Open With
£500.00
Interest Rate (AER)
1.2% fixed
for 1 year
on £500+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Halifax ISA Saver Online
Open With
£1.00
Interest Rate (AER)
1.05% variable
for 12 months
on £1+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
1.25% tax free/AER variable including 12 month fixed bonus of 1.00%.
Halifax ISA Saver Variable
Open With
£1.00
Interest Rate (AER)
1.00% variable
for 12 months
on £1+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
1.00% tax free/AER variable including 12 month fixed bonus of 0.50%.
NatWest Cash ISA
Open With
£1.00
Interest Rate (AER)
1% variable
on £25,000+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
Earn tax free interest of up to 1.00% AER (variable) on balances of at least £25,000 and earn up to 0.75% AER (variable) on balances below £25,000.
RBS Instant Access ISA
Open With
£1.00
Interest Rate (AER)
1% variable
on £25,000+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
Earn tax free interest of up to 1.00% AER (variable) on balances of at least £25,000 and earn up to 0.75% AER (variable) on balances below £25,000.
Skipton ISA Saver Issue 3
Open With
£1.00
Interest Rate (AER)
1% variable
on £1+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
yes
Progressive Building Society Clockwork Regular ISA Saver
Open With
£20.00
Interest Rate (AER)
2.75% variable
on £20+
Protection Scheme
FSCS
ISA Transfers In
not allowed
Open by Post
yes
Punjab National Bank (International) Ltd 5 Year Fixed Rate ISA
Open With
£1,000.00
Interest Rate (AER)
2.7% fixed
for 5 years
on £1,000+
Protection Scheme
FSCS
ISA Transfers In
allowed
Open by Post
no
Available in branch only.

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are indicated with purple buttons.

Free Brochures & Guides

How to Find the Best Cash ISAs for Over 60s

by DaisyLill

Whether you are 18 or 80, we all like to put a bit of money aside for a rainy day. Finding an account that pays enough interest to make sure your savings don't devalue is another matter entirely.

Older Couple Laptop

An ISA is one of the best ways to put money away without the interest being gobbled up by the taxman. This means your savings are less vulnerable to inflation, which can eat away at your funds over time.

However, as a highly regulated product there are lots of different rules and myriad different ISAs on the market.

If you are looking for a low risk investment, a cash ISA could be the right solution for you. A great way to access tax free savings for over 60s, cash ISAs deliver a guaranteed return with none of the risk associated with stocks and shares ISAs.

We take a look at the best ISAs for over 60s and run through the facts you need to know about this type of account.

How to compare cash ISAs for over 60s

Before you are able to carry out a cash ISAs for over 60s comparison, it's essential to first understand how they work and the rules which apply to the money you put in and take out.

If you are over 60 ISA allowance limits are just the same as anyone else; you have a total ISA allowance but only part of this may be transferred into a cash ISA. The remainder - should you choose to use it - must be ploughed into a stocks and shares ISA, a much riskier type of investment.

The cash ISA allowance for over 60s stands at present at 15,000 (this amount can be divided between cash and investment ISA's or used solely in one).

All of the money you put into a cash ISA for over 65 counts towards your yearly allowance, no matter how much you take out. This means that if you are up to your maximum investment and then make a withdrawal, you will not be able to replace this money until the next financial year.

Also, you can only pay into a single cash ISA in any one tax year which in turn means you can only open one new account from scratch (although existing ISA transfers into a new account are allowed).

What to look for to find the best cash ISA for over 60s

To compare the best cash ISA rates for over 60s, you'll need to think about what you want to invest and for how long. Both of these factors will play a significant role in selecting the best ISA rates.

As a general rule, the longer you can commit to investing the money for, the higher the cash ISA over 60 interest rates will be. This isn't always the case but as a rough guide, instant access or one year ISA accounts don't offer anywhere near the same type of returns as three or five year ISAs.

However, if you can't afford to tie that money up for such a long period then you'll need to adjust your priorities, and your search, accordingly.

Furthermore you shouldn't be fooled by the attention-grabbing initial deposit; although it's true you may be able to open an ISA account with just 1, in order to get the best savings rates for over 60s you will probably need to have a much higher balance.

You will also need to maintain this balance in order to continue to qualify for the interest payments.

Finally, wherever you choose to invest your cash, make sure you are protected in case the worst happens. The provider should ideally be a member of the Financial Services Compensation Scheme which means that you will be guaranteed to get your money back if the bank collapses.

A cash ISA limit over 60 is no good if you stand to lose all your cash in the event of your bank or building society going under.