Savers offered ‘market leading’ cash ISA with £20,000 limit | Personal Finance | Finance

One savings platform has launched what it claims are “market-leading” rates across its cash ISA range including a one-year fixed rate at 4.4%.

From April 6, 2025, the new ISA allowance which allows savers to put £20,000 tax free into a cash version of the account comes in. Interest rates are expected to be cut later this year and although Chancellor Rachel Reeves is understood to be looking at reducing the cash ISA allowance or even scrapping it altogether, savings providers are still offering reasonable rates on fixed-rate versions of the deposit accounts.

Hargreaves Lansdown’s cash ISA platform, which has seen a 250% rise in business since the beginning of April compared to the same time last year, offers accounts with 32 partner banks.

Savers can only pay into one cash ISA per tax year so they need to shop around, although if you already have a cash ISA you can open another.

It’s current offers include:

– An easy access cash ISA with Zopa at 4.50%

– A six-Month Fixed with UBL UK at 4.31%

– A one-year fixed rate with LHV Bank at 4.40%

– A two-year fixed rate at 4.46 with Chetwood

– A three-year fixed rate at 4.30% with Chetwood

– A five-year fixed rate at 4.30% with Chetwood

Mark Hicks, head of active savings at Hargreaves Lansdown, said: “HL’s Cash ISA platform offering continues to grow at pace.

“We’re attracting more banks and building societies, offering exclusive and market leading rates across the board.”

He added that with interest rate cuts on the horizon, now could be a good time for savers to “lock away money they don’t need for a specific period” to secure attractive tax-free returns of nearly 4.5 per cent”.