Teacher Finance – March 2026

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 2nd March 2026.

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. This will change in 2027 for under 65 year olds who will get only £12,000 for cash ISAs.
• Lifetime ISAs are limited to £4,000 per year. The Lifetime ISA is set to be replaced, but still open to new customers for now. Make sure you understand withdrawal penalties and limits.

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

Provider	Rate (AER)	12-Month Avg (if bonus)	Min Investment	Bonus Details
Trading 212 ISA	4.43%	—	£1	0.83% bonus for 12 months
Plum ISA	4.42%	—	£1	1.88% bonus for 12 months
Moneybox ISA	4.27%	—	£500	0.82% bonus for 12 months
Charter Savings Bank ISA	4.11%	—	£1	No bonus

🌐 Online Easy-Access Accounts

Provider	Rate (AER)	Min Investment	Notes
Santander Edge	6.00%	£1	£3 monthly fee applies. Taking this into account, real rate is £5.1 on £4k.
Cahoot Sunny Day Saver	5.00%	£1	High rate on small balances up to £3k.
Chase	4.5%	£1	Open to new customers. Bonus rate for 12 months.
Coventry Building Society	4.25%	£1	50-day interest penalty after 4 withdrawals
Chip	4.20%	£1	0.8% bonus for 12 months

📆 Fixed-Rate Accounts

🔒 One-Year Fixes

Provider	Rate (AER)	Min Investment
Union Bank of India UK	4.23%	£1,000
UBL UK	4.21%	£2,000
LHV Bank	4.20%	£1,000

📅 Two-Year Fixes

Provider	Rate (AER)	Min Investment
Chetwood Bank	4.17%	£1,000
Cynergy Bank	4.15%	£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 10 Nov 2025)	5.75% variable (tracks 2% above base)	£250
NatWest / RBS	5.25% variable (up to £5,000) – 1.75% boost to 7% for new customers who also switch.	£150