Martin Lewis picks best Cash ISA to open now before cuts

Money expert Martin Lewis has picked the best Cash ISA to open now right now before rates fall, paying a bumper 4.7% fixed for a year.

Cash ISAs have become the centre of attention again in the run-up to next month's Autumn Budget, with speculation ramping up that Chancellor Rachel Reeves may be ready to pull the trigger on a hefty £10,000 limit cut.

According to financial experts, the government is preparing to slash Cash ISA limits in half in the November announcement, from their current £20,000 limit to just £10,000, while keeping the overall £20,000 limit in place to encourage savers to invest in a Stocks and Shares ISA instead.

To make matters worse, savings rates have fallen 'across the board' in recent weeks following Bank of England base rate cuts.

But there are fixes on the market right now which will protect from rate cuts and will allow you to maximise your current £20,000 Cash ISA limit right now, whatever happens in next month's Budget, as it's unlikely any changes would take effect until at least the next financial year in April 2026.