Back to Savings

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 and you can open your ISA with as little as £1. Choose the perfect acount for you below and start saving, tax-free.

Rates correct as at 14 Mar 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 58)

    Interest rate:

    1.50% Tax-free§ p.a./AER† (fixed)

    Best for:
    1 year fixed tax-free rate

    • Interest paid: on maturity (30 Apr 2015)
    • Minimum subscription and operating balance: £1
    • Maximum subscription:
      From 6 April 2014 to 30 June 2014 the maximum subscription is £5,940 in the 2014/15 tax year plus accrued interest credited to the account.
      From 1 July 2014 to 31 July 2014 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 in the 2014/2015 tax year.  No further subscriptions are allowed after 31 July 2014.
    • Withdrawals: withdraw up to 25% of the capital investment without notice or loss of interest
    • Rates: fixed for a one year period
    • Further subscriptions: not permitted in future tax years

    Please note: You may transfer in previous years subscriptions provided the product has not been withdrawn.

    Full details
  • 2 year Fixed Rate ISA (Issue 53)

    Interest rate:

    1.75% Tax-free§ p.a./AER† (fixed)

    Best for:
    2 year fixed tax-free rate

    • Interest paid: annually on 1 May (commencing 1 May 2015) and on maturity (1 May 2016)
    • Minimum subscription and operating balance: £1
    • Maximum subscription:
      From 6 April 2014 to 30 June 2014 the maximum subscription is £5,940 in the 2014/15 tax year plus accrued interest credited to the account.
      From 1 July 2014 to 31 July 2014 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 in the 2014/2015 tax year.  No further subscriptions are allowed after 31 July 2014.
    • Withdrawals: withdraw up to 25% of the capital investment without notice or loss of interest
    • Rates: fixed for a two year period
    • Further subscriptions: not permitted in future tax years

    Please note: You may transfer in previous years subscriptions provided the product has not been withdrawn.

    Full details
  • Everyday ISA

    Interest rate:

    1.25% Tax-free§ p.a./AER† (variable)

    Best for:
    Immediate access

    • Interest paid: annually on 31 Oct
    • Minimum subscription and operating balance: £1
    • Maximum subscription:
      From 6 April 2014 to 30 June 2014 the maximum subscription is £5,940 in the 2014/15 tax year plus accrued interest credited to the account.
      From 1 July 2014 the maximum subscription increases to £15,000 in the 2014/15 tax year and you can subscribe up to this amount from 1 July 2014 subject to any Stocks and Shares ISA subscriptions you may have made for the 2014/2015 tax year.
    • 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
  • E-ISA

    Interest rate:

    1.25% Tax-free§ p.a./AER† (variable)

    Best for:
    Simple online tax-free account

    • Interest paid: annually on 31 Oct
    • Minimum subscription and operating balance: £1
    • Maximum subscription:
      From 6 April 2014 to 30 June 2014 the maximum subscription is £5,940 in the 2014/15 tax year plus accrued interest credited to the account.
      From 1 July 2014 the maximum subscription increases to £15,000 in the 2014/15 tax year and you can subscribe up to this amount from 1 July 2014 subject to any Stocks and Shares ISA subscriptions you may have made for the 2014/2015 tax year.
    • 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.