Top 10 fixed cash ISAs with high interest now

End-of-term interest is compounded annually and added to the funds deposited in the ISA when it matures, while monthly interest can be paid into a Barclays account in the person’s name or held jointly with someone else. It can also be sent via cheque.

Savers can also make three free withdrawals, each one of up to 10 percent of their current balance.

In fourth place is Virgin Money’s One Year Fixed Rate Cash E-ISA (Issue 555) with an AER of 3.95 percent.

The account requires a minimum deposit of £1 and annual interest is paid on August 5. Similar to Virgin Money’s Exclusive account, money can be withdrawn money but it cannot be put money back in. Any withdrawals made within the fixed rate period are subject to a charge equivalent to 60 days’ loss of interest on the amount withdrawn.

Gatehouse Bank’s 18 Month Fixed Term Woodland Cash ISA places fifth, paying an expected profit rate of 3.95 percent.

Gatehouse Bank operates under Sharia principles, which means profit is earned instead of interest. And with a Woodland Saver, a new tree planted in UK woodland per bank account opened or renewed.

The account requires a minimum deposit of £1,000 to open and interest is paid on the anniversary of doing so. Withdrawals will be subject to a reduction in profit of 135 days.

Placing sixth is Close Brother’s Savings’ One Year Fixed Rate Cash ISA with an AER of 3.95 percent.

The account can be opened with a minimum deposit of £10,000 and interest is calculated daily and paid annually. Savers must be aged 18 years or over and a UK tax resident, and withdrawals will be subject to a penalty charge.

UBL UK’s One Year Fixed Rate Cash ISA places seventh with an AER of 3.91 percent.

The account requires a minimum deposit of £2,000 and interest can be paid monthly, quarterly, or annually.

Early withdrawals in full (and no partial withdrawals) are allowed before the full term expires. However, there will be an early withdrawal charge of 90 days’ gross interest.

Tesco Bank’s Fixed Rate Cash ISA comes eighth with an AER of 3.9 percent.