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All About Our Current ISAs

Jun 13, 2017

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An ISA is a tax-free account for your savings in which you can save up to £20,000 a year. Here is a breakdown of the ISAs we currently have available to new and existing customers.

We currently have a Cash ISA Issue 5 and Cash ISA Notice 90 available to new customers and existing customers, including transfers in. 

Cash ISA (Issue 5)

A straightforward Cash ISA that allows easy withdrawals.

  • One variable interest rate, currently 0.​80% ​tax-free/AER
  • £100 minimum investment
  • Additions at any time (subject to HM Revenue & Customs limits)
  • Withdrawals free of any interest charges 

For full information on this ISA, including an application form, please click here. 

Cash ISA Notice 90

A Cash ISA offering a variable rate and unlimited withdrawals subject to 90 days' notice.

  • One attractive variable interest rate, currently ​0.90% tax-free/AER
  • £100 minimum investment
  • Additions at any time (subject to HM Revenue & Customs limits)
  • Withdrawals free of any interest charges subject to 90 days’ notice 

For full information on this ISA, including an application form, please click here. 

More about Cash ISAs

With a Cash ISA (Individual Savings Account) you can put money in, take money out (sometimes with withdrawal limits) and earn interest on the money invested - however, you do not pay tax on the interest you earn and there’s an annual limit on how much you can invest. 

The maximum amount you can currently invest in a tax year is £20,000 (from 6 April 2017 – 5 April 2018). Any money invested after this date will move into the following tax year’s limit. 

There are other types of ISAs available with different rules – it’s best to speak to your ISA provider if you have questions around these.

How does the Personal Savings Allowance affect an ISA?

Interest from ISAs does not count towards your Personal Savings Allowance (PSA) because it is already tax-free. With PSA, basic rate taxpayers can earn £1,000 of savings interest a year without paying tax on it. Higher rate taxpayers are entitled to a lower PSA of £500 a year.  Other accounts, which are not tax-free, will count towards this allowance.

If you have any questions about our ISAs or other savings accounts please call us on 0800 783 2367.

Information correct as of June 2017.

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