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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 6 Aug 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.

  • ISA Builder (Issue 2)

    Interest rate:

    2.00% Tax-free§ p.a.

    2.01% AER† (fixed)

    Best for:
    Building a tax-free balance

    • Interest paid: on maturity (5 Apr 2015)
    • Minimum subscription and operating balance: £100
    • Maximum subscription:
      The maximum subscription allowed increases per month. For more information, see full details
    • Withdrawals: No withdrawals are permitted.
    • Further subscriptions: not permitted in future tax years

    Please note: Transfers-in of previous tax years ISA subscriptions are not permitted.

    Full details
  • 1 year Fixed Rate ISA (Issue 61)

    Interest rate:

    1.50% Tax-free§ p.a./AER† (fixed)

    Best for:
    1 year fixed tax-free rate

    • Interest paid: on maturity (31 Aug 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
    • 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    Please note: The 1 year Fixed Rate ISA (Issue 61) is a limited issue and may be withdrawn without notice. This means that once the product has been withdrawn, you will not be able to subscribe further funds to the account. You may transfer in previous years subscriptions provided the product has not been withdrawn.

    Full details
  • 3 year Fixed Rate ISA (Issue 37)

    Interest rate:

    2.20% Tax-free§ p.a./AER† (fixed)

    Best for:
    3 year fixed tax-free rate

    • Interest paid: annually on 31 Aug (commencing 31 Aug 2015) and on maturity (31 Aug 2017)
    • 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 three year period
    • Further subscriptions: not permitted in future tax years

    Please note: The 3 year Fixed Rate ISA (Issue 37) is a limited issue and may be withdrawn without notice. This means that once the product has been withdrawn, you will not be able to subscribe further funds to the account. You may transfer in previous years subscriptions provided the product has not been withdrawn.

    Full details
  • 5 year Fixed Rate ISA (Issue 39)

    Interest rate:

    2.85% Tax-free§ p.a./AER† (fixed)

    Best for:
    5 year fixed tax-free rate

    • Interest paid: annually on 1 Sep(commencing 1 Sep 2015) and on maturity (1 Sep 2019)
    • 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
    • Withdrawals: withdraw up to 25% of the capital investment without notice or loss of interest
    • Rates: fixed for a five year period
    • Further subscriptions: not permitted in future tax years

    Please note: The 5 year Fixed Rate ISA (Issue 39) is a limited issue and may be withdrawn without notice. This means that once the product has been withdrawn, you will not be able to subscribe further funds to the account. Transfers-in of previous tax years ISA subscriptions are not permitted. Available for 2014/2015 ISA tax year funds only.

    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.