Savers have until the end of tomorrow to use their cash Isa allowance
Savers have until the end of tomorrow to use their cash Isa allowance for this tax year.
You can put up to £20,000 into an account and earn tax-free interest on your money.
The top fixed-rate deals for one year come from Paragon Bank at 1.45 per cent, available online only.
In the High Street, Coventry BS pays 1.4 per cent fixed until May 31 next year.
If you are willing to tie up your money for two years you can earn more. Both Paragon Bank and Principality BS pay 1.67 per cent.
To open a cash Isa you need to be 16 or over and a UK resident.
Under money laundering rules, banks and building societies must check who you are and where you live when you open an account.
Online providers check you against your bank account and the electoral register. You need your National Insurance number.
If you have left it too late, you could open an easy-access account with your current provider who already has your details and transfer it to a better deal later.
The top easy-access rate open to all is 1.3 per cent from Nationwide, but it limits you to one withdrawal a year.
It also has a Loyalty version paying 1.4 per cent for its members of at least 12 months’ standing.
Shawbrook Bank pays 1.25 per cent online, while in the High Street Virgin Money pays 1.16 per cent and Coventry BS 1 per cent.
THIS IS MONEY’S FIVE OF THE BEST CASH ISA DEALS