2min chapter

The Martin Lewis Podcast cover image

Will energy prices rise or fall? 1p challenge and cash ISAs

The Martin Lewis Podcast

CHAPTER

Fixed Rate Cash Isers

The top two year fix cash iser would charge you a penalty of 90 days of interest for withdrawing your cash. It can sometimes be worth going for a cash iser over normal savings even with no tax advantage because you have the option to get your money out, though your payer penalty to do so. There are many people with fixed rate cash isers paying less than 1% because they fixed them a year ago or two years ago. But if you have a year or two left rates are so much higher on the top paying cash isers now. In many cases, it is worth paying the penalty and then going to a new by and to move a cash waser.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode