Protection
FSCS£120,000
Min balance
£1
Max balance
£20,000
Access
Instant
Interest paid
Monthly
Transfers in
Accepted
How It Stacks Up
Ranks 47th of 114
Instant access cash ISAs we track
This account 3.44%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.34% more
- Average instant access cash ISA
- 2.92%
- Pays 0.52% more
- Best instant access cash ISA
- 4.87%
- Pays 1.43% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Trading 212
Cash ISA
4.75%
AER
- Pays 1.31% more than this Octopus Money account
- Includes a 1.15% bonus for 12 months, then 3.60%
We may earn a commission if you open this account.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
- Pro: Flexible: take money out and put it back in the same tax year without using more allowance
Worth Weighing Up
- Con: The rate is variable, so it can go down
Good to Know
Provided by Octopus Money and run by Bondsmith, the ISA manager. Your money is spread across three UK banks (currently HSBC, Santander and Lloyds) for up to £360,000 of FSCS protection — less if you already hold money with any of them. For UK tax residents aged 18+; not available to US citizens or as a joint account.
Please verify all details with the provider – see our Disclaimer
See all Octopus Money accounts
