Regular Saver Cash ISA
Regular Saver Cash ISAs are an ideal place for many people to start saving as the minimum amount needed each month is generally small and the interest is paid tax-free.
Cash ISA accounts are available that allow you to save on a monthly basis or by investing a lump sum, subject to an overall maximum each tax year.
Regular Saver Cash ISAs generally do not accept a lump sum contribution and often cap the amount which can be paid each month at a relatively low level.
Interest rates are often higher for a period of time, only to drop at the end of the introductory rate. You therefore need to be careful, to watch carefully for any drop in interest rates and transfer to an alternative Cash ISA if necessary.