Teacher Finance – July 2025

This is not financial advice. You need to do your own research and see what products are right for you. Figures correct when published on 1st July 2025.

Personal Saving Allowances

• Basic rate tax payers can earn £1,000 of interest on savings per tax year.
• Higher rate tax payers can earn £500 of interest on savings per tax year.
• £20,000 is the total you add to all of your ISAs per tax year, but you can now open as many as you wish. Lifetime ISAs are limited to £4,000 per year.

🏦 Top Cash ISAs – Easy Access (Tax-Free)

Provider	Rate (AER)	12-Month Avg (if bonus)	Min Investment	Bonus Details
CMC Invest	5.44%	4.59%	£1	0.85% bonus for 3 months
Plum Easy-Access ISA	4.95%	—	£100	1.66% bonus for 12 months
Trading 212	4.96%	—	£1	0.86% bonus for 12 months
Moneybox Cash ISA	4.65%	—	£500	0.7% bonus for 12 months

🌐 Online Easy-Access Accounts

Provider	Rate (AER)	Min Investment	Notes
Cahoot Sunny Day Saver	5.00%	£1–£3,000	High rate on small balances
Atom Instant Saver Reward	4.75%	—	Rate drops if withdrawn
Cahoot Simple Saver 10	4.55%	£1
Coventry BS 4 Access Saver 2	4.50%	—	50-day interest penalty after 4 withdrawals
Skipton BS Bonus Saver 12	4.50%	£1	1.7% bonus for 12 months

📆 Fixed-Rate Accounts

🔒 One-Year Fixes

Provider	Rate (AER)	Min Investment
Marcus by Goldman Sachs	4.55%	£1
Cynergy Bank	4.55%	£1,000
Vanquis Bank	4.52%	£1,000

📅 Two-Year Fixes

Provider	Rate (AER)	Min Investment
GB Bank	4.43%	£1,000
Vanquis Bank	4.43%	£1,000

💸 Top Regular Saver Accounts

Provider	Rate (AER)	Max Monthly Deposit
Zopa (requires ‘Biscuit’ current account)	7.1% variable	£300
First Direct	7% fixed for 1 year	£300
Co-operative Bank	7% variable for 1 year	£250
Nationwide	6.5% variable for 1 year	£200
Lloyds Bank (Club Lloyds required)	6.25% fixed for 1 year	£400
Skipton BS (members before 20 Jan 2025)	6.25% variable (tracks 2% above base)	£250
NatWest / RBS	5.5% variable (up to £5,000)	£150