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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 account for you below and start saving, tax-free.

Rates correct as at 12 May 2015

In the event that the balance falls below the minimum investment and 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 71)

    Interest rate:

    1.50% Tax-free§ p.a./AER† (fixed)

    Best for:
    1 year fixed tax-free rate

    • Interest paid: On maturity (30 June 2016)
    • Minimum investment and operating balance: £100
    • Maximum investment: The maximum you can invest for the 2015/2016 tax year is £15,240 less any amount invested in a Stocks and Shares ISA in the same tax year
    • Withdrawals: withdraw up to 25% of the capital investment without notice or loss of interest prior to maturity and subject to the minimum balance of £100 being maintained
    • Rates: fixed for a one year period
    • Further deposits: not permitted in future tax years

    Deposits into this account can be made up to and including 30 June 2015. After this date the account may be closed for further deposits at any time and without notice at which point you will not be able to invest further funds.

    Full details
  • 2 Year Fixed Rate ISA (Issue 66)

    Interest rate:

    1.70% Tax-free§ p.a./AER† (fixed)

    Best for:
    2 year fixed tax-free rate

    • Interest paid: annually on 03 July (commencing 03 July 2016) and on maturity (03 July 2017)
    • Minimum investment and operating balance: £100
    • Maximum investment: The maximum you can invest for the 2015/2016 tax year is £15,240 less any amount invested in a Stocks and Shares ISA in the same tax year
    • Withdrawals: withdraw up to 25% of the capital investment without notice or loss of interest prior to maturity and subject to the minimum balance of £100 being maintained
    • Rates: fixed for a two year period
    • Further deposits: not permitted in future tax years

    Deposits for the 2015/2016 tax year can be made up to and including 30 June 2015. After this date the account may be closed for further deposits at any time and without notice at which point you will not be able to invest further funds.

    Full details
  • 5 Year Fixed Rate ISA (Issue 45)

    Interest rate:

    2.20% Tax-free§ p.a./AER† (fixed)

    Best for:
    5 year fixed tax-free rate

    • Interest paid: annually on 30 June (commencing 30 June 2016) and on maturity (30 June 2020)
    • Minimum investment and operating balance: £100
    • Maximum investment: The maximum you can invest into this account is £15,240 for the 2015/2016 tax year, less any amount invested in a Stocks and Shares ISA in the same tax year
    • Withdrawals: withdraw up to 25% of the capital investment without notice or loss of interest prior to maturity and subject to the minimum balance of £100 being maintained
    • Rates: fixed for a five year period
    • Further deposits: not permitted in future tax years

    Deposits for the 2015/2016 tax year can be made up to and including 30 June 2015. After this date the account may be closed for further deposits at any time and without notice at which point you will not be able to invest further funds.

    Full details
  • E-ISA

    Interest rate:

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

    Best for:
    Online
    Immediate access

    • Interest paid: annually on 31 Oct (commencing 31 Oct 2015)
    • Minimum investment and operating balance: £1
    • Maximum investment: you can invest up to a maximum of £15,240 in the 2015/2016 tax year (subject to any stocks and shares ISA investments you have made for the 2015/2016 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 deposits: may be made up to the applicable cash ISA investment limit in any tax year and you may transfer in previous years investments whilst the product remains open
    • The account may be closed for further investment upon a minimum of 30 days written notice after which you will not be able to invest further funds.
    • Open and operate online only
    • See below for important information about how our online accounts operate
    Full details
  • Everyday ISA

    Interest rate:

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

    Best for:
    Immediate access

    • Interest paid: annually on 31 Oct (commencing 31 Oct 2015)
    • Minimum investment and operating balance: £1
    • Maximum investment: you can invest into this account is £15,240, less any amount invested in a Stocks and Shares ISA in the same tax year.
    • Withdrawals: Unlimited withdrawals can be made without notice or loss of interest
    • Further deposits: may be made up to the applicable cash ISA investment limit in any tax year and you may transfer in previous years investments whilst the product remains open

    The account may be closed for further investment upon a minimum of 30 days written notice after which you will not be able to invest further funds.

    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.