Cash ISAs
Earn tax-free interest on annual savings of up to £20,000 with one of our Cash ISAs. A sensible option if you’re looking to build your savings, take your pick from a range of fixed and variable rates – as well as instant and limited access – and find an account that works for you.
Want to find out more about ISAs in general? We have more information on our ISAs explained and ISA transfers pages.
Our Cash ISAs
Here's what we've got for you…
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- Interest rate: High to Low
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Product Name
Interest Rate
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Gross means the rate of interest payable before the deduction of income tax at the rate specified by law.
Tax-free means that interest payable is exempt from income tax.
Min. to Open
The minimum amount needed to open an account.
Opening
1 Year Fixed Rate Cash ISA
(Issue 194)
Interest Rate
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Gross means the rate of interest payable before the deduction of income tax at the rate specified by law.
Tax-free means that interest payable is exempt from income tax.
5.05%
Tax-Free
Tax-Free
, p.a./AER Fixed
p.a./AER Fixed Paid Annually
Min. to Open
Min. to Open
The minimum amount needed to open an account.
£100
£NaN
Withdrawals
Withdrawals
Find out if withdrawals are allowed before maturity and if they mean a loss of interest.
Yes, but with 60 days' loss of interest
Account Opening
3 Year Fixed Rate Cash ISA
(Issue 147)
Interest Rate
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Gross means the rate of interest payable before the deduction of income tax at the rate specified by law.
Tax-free means that interest payable is exempt from income tax.
4.85%
Tax-Free
Tax-Free
, p.a./AER Fixed
p.a./AER Fixed Paid Annually
Min. to Open
Min. to Open
The minimum amount needed to open an account.
£100
£NaN
Withdrawals
Withdrawals
Find out if withdrawals are allowed before maturity and if they mean a loss of interest.
Yes, but with 240 days' loss of interest
Account Opening
Limited Issue Online Access ISA
(Issue 66)
Interest Rate
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Gross means the rate of interest payable before the deduction of income tax at the rate specified by law.
Tax-free means that interest payable is exempt from income tax.
4.95%
Tax-Free
Tax-Free
, p.a./AER Variable
p.a./AER Variable Paid Annually
Min. to Open
Min. to Open
The minimum amount needed to open an account.
£1,000
£NaN
Withdrawals
Withdrawals
Find out if withdrawals are allowed before maturity and if they mean a loss of interest.
Yes, unlimited
Account Opening
Six Access ISA
Interest Rate
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Gross means the rate of interest payable before the deduction of income tax at the rate specified by law.
Tax-free means that interest payable is exempt from income tax.
4.10%
Tax-Free
Tax-Free
, p.a./AER Variable
p.a./AER Variable Paid Annually
Min. to Open
Min. to Open
The minimum amount needed to open an account.
£1,000
£NaN
Withdrawals
Withdrawals
Find out if withdrawals are allowed before maturity and if they mean a loss of interest.
Yes, up to 6 per calendar year
Account Opening
ISA Saver
Interest Rate
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Gross means the rate of interest payable before the deduction of income tax at the rate specified by law.
Tax-free means that interest payable is exempt from income tax.
2.45%
Tax-Free
Tax-Free
, p.a./AER Variable
p.a./AER Variable Paid Annually
Min. to Open
Min. to Open
The minimum amount needed to open an account.
£1
£NaN
Withdrawals
Withdrawals
Find out if withdrawals are allowed before maturity and if they mean a loss of interest.
Yes, unlimited
Account Opening
E-ISA
Interest Rate
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Gross means the rate of interest payable before the deduction of income tax at the rate specified by law.
Tax-free means that interest payable is exempt from income tax.
2.45%
Tax-Free
Tax-Free
, p.a./AER Variable
p.a./AER Variable Paid Annually
Min. to Open
Min. to Open
The minimum amount needed to open an account.
£1
£NaN
Withdrawals
Withdrawals
Find out if withdrawals are allowed before maturity and if they mean a loss of interest.
Yes, unlimited
Account Opening
Cash ISA FAQs
Allow us to give you a quick introduction to Fixed Rate Cash ISAs.
Simply put, a Cash ISA is just a savings account that you don’t pay any tax on. If you’re over 16, you’re afforded an individual savings account (ISA) allowance at the start of each tax year – currently, that’s £20,000. So, with a Cash ISA, you can save up to that amount this year and you’ll pay zero tax on the interest you earn.
Like other savings accounts, Cash ISAs come in several different forms to suit different types of savers. For example, you can get ones offering easy access to your money or fixed rate options where you get a guaranteed interest rate for the year. It’s important to choose the right type of Cash ISA for you – we’ll tell you more about that below.
There are two primary types of Cash ISAs that we offer.
Fixed rate Cash ISAs
Fixed Cash ISAs give you a guaranteed interest rate for the duration of the ISA. We offer fixed term Cash ISAs that last from 1-5 years. A fixed Cash ISA is a suitable option if you want to lock away your cash and don’t think you’ll need to access it for the length of your term. You’ll get a higher interest rate than with a variable Cash ISA, but you’ll lose out on interest if you need to make a withdrawal.
Variable rate Cash ISAs
Variable rate Cash ISAs offer less interest than fixed accounts, but the rates can go up or down. You will, however, have easier access to your money, with many of our variable Cash ISAs offering unlimited withdrawals with no interest penalty attached.
So, how exactly does a Cash ISA work?
Cash ISAs are a simple type of savings account, but there are a few key things to know about opening one:
- You’ll earn tax-free interest on your savings up to the value of £20,000 a year.
- Cash ISAs stay tax-free every single year.
- Your Cash ISA allowance resets every year, so you might not get the same allowance this year as you do the next.
- Different Cash ISAs come with different types of interest rates (fixed or variable) and access rules. You’ll always have access to your funds no matter the account you choose, but withdrawals may come with interest penalties if you choose a fixed rate Cash ISA.
- You can only open one Cash ISA at a time.
- A maximum of £85,000 of your savings per building society, bank or credit union is protected under the Financial Services Compensation Scheme (FSCS). This protection extends to Cash ISAs.
Cash ISAs make sense for a lot of people because they offer a few notable benefits:
- Every penny you save up to your Cash ISA allowance (which is currently £20,000) will earn interest, tax-free, every single year.
- They offer the advantage of tax-free interest for savers who have used up their personal savings allowance (PSA) or top-rate taxpayers (45%) who don’t get any PSA cover.
- Their flexibility makes them a solid choice if you want to put your money away but still have access to it just in case. Our instant access accounts let you access your cash any time, and even fixed rate Cash ISAs let you withdraw money – although you’ll lose a pre-agreed amount of interest on the latter.
- They’re a suitable solution for long-term savings, inheritance and reducing risk.