Any interest you make from a cash ISA is tax free, and your money is usually protected under the Financial Services Compensation Scheme (FSCS).
If you already have cash ISAs, use our table to find a higher interest rate on a cash ISA that accepts transfers in.
Use our table to find the best cash ISA
You can change the order of cash ISAs in our table to find:
The highest interest rate: you get a better return the higher the rate
The shortest term: from instant access to a 5 year fixed term cash ISA
ISAs that accept transfer ins: move your ISAs from previous tax years into a new cash ISA
If you have existing ISAs here is how to transfer them into a new cash ISA.
Do not tie your money up for longer than you think you can afford to. If you withdraw money before the account's maturity date you will be charged an interest penalty.
What types of cash ISA can over 60s get?
There are six types of ISA in our table:
Instant access ISA: These let you withdraw your money anytime you want, but do not usually offer competitive interest rates
Easy access ISA: These let you withdraw anytime, but are usually managed online, over the phone or by post so it can take a short while for you to get your money
Notice ISA: These let you withdraw after you give a set amount of notice, such as 60 days, or you can withdraw anytime with an interest penalty
Regular ISA saver: These require you to pay in a set amount each month to qualify for the advertised rate offered
Fixed rate cash ISA: These tie your money up for a set term from the date you open the account and the rate is guaranteed
Limited access ISA: These accounts tie your money till a set date, rather than for a set term after opening the account
Cash ISAs for over 60s FAQs
Can I save more money into an ISA because I am over 60?
No, your allowance is still £15,240 a year. Over 50s had a higher allowance between October 2009 and April 2010, but this is no longer the case.
Can I get a better cash ISA because I am over 60?
No, most cash ISAs are available to anyone over the age of 16 and your age will not affect the rate or how much you can pay in each tax year.
How many ISAs can I have?
As many as you want, but you can only pay into one cash, stocks and shares and innovative finance ISA during the same tax year. Find out more here.
Is my money safe in a cash ISA?
Yes, most are backed by the Financial Services Compensation Scheme (FSCS) which protects your money up to £75,000 in a single institution.
Can I take my money out of my ISA whenever I want?
Only if the ISA allows withdrawals but there are restrictions on paying money back in, find out more here.
Can the interest rate go down on a fixed rate cash ISA?
No, once you open a fixed rate cash ISA you will get the rate you signed up for throughout the full term of the account.