Top 6 Cash ISAs to open before Monday as rates increased

There's just days left to boost your savings with a top-rate Cash ISA before the £20,000 limit resets for another financial year - this time for the las time - and several accounts have increased the rates they're paying to lure in customers.

Every year, savers are allowed to deposit up to £20,000 into as many different ISAs as they want, as long as you only deposit £20,000 across all of them collectively - but the limit resets every financial year, on April 6.

Despite the confirmation Rachel Reeves is set to cut Cash ISA limits, the allowance doesn't change until April 2027, so this coming tax year is the last time that under-65s will be able to use a full £20,000 deposit limit before they are reduced.

It means savers can still put away £20,000 before Monday, April 6, and then when April 6 comes along, savers can deposit another £20,000 for the following year running to April 5, 2027.

This time of year, with just days left until Cash ISA limits reset, is the peak time for strong Cash ISA rates as banks and building societies battle to lure customers in who are looking to maximise their tax-free savings.

Some Cash ISAs have increased the rates they're paying since earlier in the month. Prosper is now paying 4.7% including a generous 1.92% bonus for new customers, pushing the usual market leader Trading212 down into second place for easy access.

Yorkshire Building Society has also increased its Fixed Rate ISAs, including offering 4.31% for a one year fix (up from 4.20%), 4.25% for a two-year fix (up from 4.10%) and 4.20% for a three-year fix, up from 4.10%.

The best Cash ISAs to open right now include these for easy access:

Prosper - 4.7% - base 2.78% plus one year boost of 1.92% for new customers

Trading 212 - 4.58% including one year 0.98% bonus for new customers

Moneybox - 4.43% including one year 0.98% bonus

Tembo - 4.06% available for all customers

Kent Reliance - 4.05% (online only)

Yorkshire Building Society - 4.05% (online only)

And for a one-year fix:

HSBC (current account customers only) - 4.5%

Vanquis - 4.46%

Paragon Bank - 4.4% for 15 months

Nationwide - 4.35%

Yorkshire Building Society - 4.31%

Financial firm Fidelity says savers should also consider Stocks and Shares ISAs, which tend to offer better returns than Cash ISAs over the long term.

Ed Monk, Associate Director at Fidelity International, previously explained: "Individual Savings Accounts (ISAs) are a great vehicle for investors, allowing contributions of up to £20,000 per year with any returns being protected from tax. However, on 6 April the annual ISA allowance will reset, so for those who have yet to maximise their full allowance and who can afford to make additional contributions - remember that if you don't use it, you'll lose it.

"It is also important to consider your broader financial goals when planning your investments. Many investors are choosing to keep money in cash savings, and while cash can provide short-term security, inflation can erode its real value over time, meaning your money may not go as far in the future.

"For long-term goals, Stocks and Shares ISAs offer a way to grow your wealth and preserve its purchasing power over the years. Understanding your long-term financial objectives and making informed decisions about how you allocate your investments can help you better achieve your financial goals."