Protection
FSCS£120,000
Min balance
£1
Max balance
No limit
Access
Instant
Interest paid
Monthly
Transfers in
Accepted
First Direct is also paying £210 to switch your current account. Offer ends 2 December 2026.
How It Stacks Up
Ranks 65th of 115
Instant access cash ISAs we track
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.35% less
- Average instant access cash ISA
- 2.94%
- Pays 0.19% less
- Best instant access cash ISA
- 4.87%
- Pays 2.12% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Trading 212
Cash ISA
4.64%
AER
- Pays 1.89% more than this First Direct account
- Includes a 1.04% bonus for 12 months, then 3.60%
We may earn a commission if you open this account.
How Interest Is Paid
You choose how often interest is paid: annually or monthly. You earn the same 2.75% AER either way.
Paid annually
2.75%AER
Paid monthly
2.72%gross
The monthly rate is a little lower because interest reaches you sooner. Over a year it adds up to the same.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
Good to Know
1st Account required
Please verify all details with the provider – see our Disclaimer
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