Earn 5% (5.09% AER variable) interest on your cash

Put your cash to work. Earn tax-free interest on money that is not yet invested with our investment ISA and Lifetime ISA accounts.

Open an account today – it's a Dodl. Download the app to get started.



Interest rates we offer

Investing with us isn’t just easy, it’s rewarding. From July 1 2024, all cash in your investment ISA or Lifetime ISA that is not yet invested will earn you 5% (5.09% AER variable) tax-free interest. The only thing left to decide is which account is best for you.

🔔 The interest rate we offer will change from time to time. But don’t worry, when it does, we’ll send you an email to let you know.

Investment ISA

Our classic ISA account for investing your money, you can put in up to £20,000 per tax year and invest in funds, themed investments, and shares.

As well as any growth being free of capital gains tax and income tax, any cash you have in this account that is not yet invested will earn 5% (5.09% AER variable) in tax-free interest.

Lifetime ISA

The account designed for buying your first home (up to £450,000) or planning for retirement (from age 60), pay in up to £4,000 each tax year and get a 25% government bonus on top, giving you up to £1,000 extra.

Invest in your choice of funds, themed investments, and shares, with all growth free of capital gains tax and income tax – plus earn 5% (5.09% AER variable) interest on any cash that is not yet invested.

We only pay interest on our investment ISA and Lifetime ISA accounts. That means if you have a pension or general investment account, you won’t earn interest on cash that is not yet invested.

What is interest?

Interest is the money you may receive when you save or invest with a bank or financial company. It’s paid as a percentage of the cash you hold in your account.

With our investment ISA and Lifetime ISA accounts, this rate is 5% (5.09% AER variable), meaning any cash you hold in these accounts that is not yet invested will earn you tax-free interest.

A little more info about interest: Banks pay AJ Bell for the total money held with them for all AJ Bell customers, including Dodl customers. The amount a bank pays varies, depending on the total cash held with them and the market interest rates. For now, AJ Bell expects these payments to be between 0.10% below and 0.15% above the current Bank of England base rate for cash held in an ISA or general investment account and between 1.15% below and 0.50% above the Bank of England base rate for cash held in a pension – but it could be higher or lower than this during periods of continuous base rate changes. We put some of these payments towards the interest rate we pay you, and the rest towards keeping your Dodl charge as low as possible.

How is interest paid?

We pay interest to you in cash. It’s paid quarterly – at the end of March, June, September, and December. You don’t need to do anything, we’ll add it to your account within three working days of the end of the quarter. Our interest rate is 5% (5.09% AER variable) – making it one of the best cash interest rates around.

That means, if you were to hold £10,000 in cash in your account that is not yet invested, it’ll earn you £509 in interest across the year.

The reason it’s a slightly odd figure is because of AER or the annual equivalent rate. AER factors in compound interest and makes it easier to compare interest rates across different accounts.

Compound interest is like a snowball effect on your money. Not only do you earn interest on the initial amount but also on the interest you’ve already earned. It’s like interest on top of interest!

The more frequently the interest compounds, the faster your money grows. If for whatever reason you don’t want to receive interest payments, just get in touch and let us know.

And if you want to transfer or close your account, you’ll earn interest from the start of the quarter to the date we receive your request. This will be paid into your account as we process the request.

Feeling ready to start earning interest while you consider your next investment? Download the app and open an account.

Open an account today

Help’s on hand

Head to the help centre to have all your questions answered. And you can chat to Team Dodl anytime in the app or at hello@dodl.co.uk.

Get a little help

You can always learn more before (and after) taking your first investing steps with Dodl. Pop the kettle on, get comfortable and head to the Dodl learn tab, where you can master the basics of investing.

Get started today

It's important to know

You have to be a UK resident for tax purposes to open an account with Dodl.

The past performance of investments isn't an indicator of their future performance and their value can go down as well as up. This means you could get back less than you originally invested. 

Dodl doesn’t offer any advice so if you’re not sure about the risks involved with investing, you should speak to a suitable financial adviser. 

How you're taxed depends on your circumstances, and tax rules can change in future.