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ISA Tax-Free Accounts

Saving is even more rewarding when there’s no tax to pay on the interest you earn. That’s exactly what our Individual Savings Accounts (ISAs) offer. Choose the perfect acount for you below and start saving, tax-free.

Rates correct as at 21 Oct 2014

In the event that the balance falls below the minimum operating balance as stated within the relevant product details below, the basic investment rate of interest, which is currently 0.05% Tax-free§ p.a./AER†(variable), shall apply.

  • 1 year Fixed Rate ISA (Issue 64)

    Interest rate:

    1.20% Tax-free§ p.a./AER† (fixed)

    Best for:
    1 year fixed tax-free rate

    • Interest paid: On maturity (30 Nov 2015)
    • Minimum subscription and operating balance: £100
    • Maximum subscription: you can subscribe up to a maximum of £15,000 in the 2014/15 tax year (subject to any stocks and shares ISA subscriptions you have made for the 2014/2015 tax year) plus accrued interest credited to the account
    • Rates: fixed for a one year period
    • Further subscriptions: not permitted in future tax years

    Please note: Subscriptions/deposits to this account for the 2014/2015 tax year can only be made up to and including 31 December 2014. After this date, you will not be able to subscribe/deposit further funds to the account.

    Full details
  • 2 year Fixed Rate ISA (Issue 59)

    Interest rate:

    1.40% Tax-free§ p.a./AER† (fixed)

    Best for:
    2 year fixed tax-free rate

    • Interest paid: annually on 30 Nov (commencing 30 Nov 2015) and on maturity (30 Nov 2016)
    • Minimum subscription and operating balance: £100
    • Maximum subscription: you can subscribe up to a maximum of £15,000 in the 2014/15 tax year (subject to any stocks and shares ISA subscriptions you have made for the 2014/2015 tax year) plus accrued interest credited to the account
    • Rates: fixed for a two year period
    • Further subscriptions: not permitted in future tax years

    Please note: Subscriptions/deposits to this account for the 2014/2015 tax year can only be made up to and including 31 December 2014. After this date, you will not be able to subscribe/deposit further funds to the account.

    Full details
  • Access ISA

    Interest rate:

    0.75% Tax-free§ p.a./AER† (variable)

    Best for:
    Immediate access

    • Interest paid: annually on 31 May (commencing 31 May 2015)
    • Minimum subscription and operating balance: £1
    • Maximum subscription: you can subscribe up to a maximum of £15,000 in the 2014/15 tax year (subject to any stocks and shares ISA subscriptions you have made for the 2014/2015 tax year) plus accrued interest credited to the account
    • Withdrawals: unlimited withdrawals can be made without notice or loss of interest
    • Further subscriptions: may be made up to the applicable cash ISA subscription limit in any tax year
    Full details
  • Web ISA

    Interest rate:

    0.75% Tax-free§ p.a./AER† (variable)

    Best for:
    Simple online tax-free account

    • Interest paid: annually on 31 May (commencing 31 May 2015)
    • Minimum subscription and operating balance: £1
    • Maximum subscription: you can subscribe up to a maximum of £15,000 in the 2014/15 tax year (subject to any stocks and shares ISA subscriptions you have made for the 2014/2015 tax year) plus accrued interest credited to the account
    • Withdrawals: unlimited withdrawals can be made to your Nominated Accounts (as defined in the Online Conditions) subject to the minimum balance of £1 being maintained. Cash and cheque transactions are not permitted
    • Further subscriptions: may be made up to the applicable cash ISA subscription limit in any tax year and you may transfer in previous years subscriptions whilst the product remains open
    • Open and operate online only
    • See below for important information about how our online accounts operate
    Full details

Important information about our online facilities

  • Withdrawals to your Nominated Accounts made before 8pm on a working day will be available to the payee on the next working day.
  • When money is paid into your account, provided the payment is received by us between 7am and 7pm, you will be able to withdraw the funds that day.
  • These are online accounts and can only be opened and operated online.
  • The Society’s online savings service will be unavailable each day for 1 hour between 12 midnight and 1am while our systems update.