Cash ISAs

Why should you consider a cash ISA (Individual Savings Account)?

  • There's no tax to pay on the interest you earn
  • That means savings are free from UK Income Tax
  • An ISA doesn't count towards your Personal Savings Allowance
  • You can save between £1 and £20,000 this tax year
  • Easy to apply and manage, either in-branch, online or by post

Interested? Then take a look at our range of tax-free ISAs to see which one works best for you. You can find even more information in ISAs explained.



In the event that the balance falls below the minimum operating balance as stated within the relevant product details below, the rate of interest which shall apply is currently 0.05% Tax-Free§ p.a/AER (variable). These accounts are not flexible cash ISAs meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit.



  • Limited Issue Online Access ISA (Issue 8)

    1.38%

    Tax-free§ p.a./AER† (variable).

    • Interest paid: On maturity (05 January 2020).
    • Minimum investment & operating balance: £1,000
    • Maximum investment: Deposit up to £20,000 in the 2018/2019 tax year. The maximum balance is £250,000 including 2018/2019 ISA funds, previous year ISA funds and accrued interest.
    • Withdrawals: Unlimited withdrawals can be made to your Nominated Accounts (as defined in the General Conditions) without notice or loss of interest, subject to the minimum balance of £1000 being maintained. Cash and cheque withdrawals are not permitted.
    • Important information about our Limited Issue Online Access ISA (Issue 8):

      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.

      The Society’s online savings service will be unavailable each day for 1 hour between 12 midnight and 1am while our systems update.

    This account is limited issue. This account may be closed for further deposits upon a minimum of 30 days' written notice after which you will not be able to deposit further funds.

    Full details
  • 1 Year Fixed Rate Cash ISA (Issue 115)

    Interest Rate:

    1.51% Tax-free§ p.a./AER (fixed)

    • Interest paid: On maturity (05 January 2020).
    • Minimum investment & operating balance: £100.
    • Maximum investment: Deposit up to £20,000 in the 2018/2019 tax year.
    • Withdrawals: Withdrawals/transfers are subject to 60 days' loss of interest on an amount equivalent to that withdrawn/transferred.

    This account is limited issue. Once opened, you can make deposits up to and including 31 December 2018. After this date the account may be closed for further deposits at any time and without notice, which means you will not be able to deposit further funds.

    Full details
  • 2 Year Fixed Rate Cash ISA (Issue 109)

    Interest Rate:

    1.70% Tax-free§ p.a./AER (fixed)

    • Interest paid: Annually on 03 January (commencing 03 January 2020) and on maturity (03 January 2021).
    • Minimum investment & operating balance: £100.
    • Maximum investment: Deposit up to £20,000 in the 2018/2019 tax year.
    • Withdrawals: Withdrawals/transfers are subject to 150 days' loss of interest on an amount equivalent to that withdrawn/transferred.

    This account is limited issue. Once opened, you can make deposits up to and including 31 December 2018. After this date the account may be closed for further deposits at any time and without notice, which means you will not be able to deposit further funds.

    Full details
  • 3 Year Fixed Rate Cash ISA (Issue 69)

    Interest rate:

    1.80% Tax-free§ p.a./AER (fixed)

    • Interest paid: Annually on 03 January (commencing 03 January 2020) and on maturity (03 January 2022).
    • Minimum investment & operating balance: £100.
    • Maximum investment: Deposit up to £20,000 in the 2018/2019 tax year.
    • Withdrawals: Withdrawals/transfers are subject to 240 days' loss of interest on an amount equivalent to that withdrawn/transferred.

    This account is limited issue. Once opened, you can make deposits up to and including 31 December 2018. After this date the account may be closed for further deposits at any time and without notice, which means you will not be able to deposit further funds.

    Full details
  • 5 Year Fixed Rate Cash ISA (Issue 81)

    Interest rate:

    2.05% Tax-free§ p.a./AER (fixed)

    • Interest paid: Annually on 02 January (commencing 02 January 2020) and on maturity (02 January 2024).
    • Minimum investment & operating balance: £100.
    • Maximum investment: Deposit up to £20,000 in the 2018/2019 tax year.
    • Withdrawals: Withdrawals/transfers are subject to 365 days' loss of interest on an amount equivalent to that withdrawn/transferred.

    This account is limited issue. Once opened, you can make deposits up to and including 31 December 2018. After this date the account may be closed for further deposits at any time and without notice, which means you will not be able to deposit further funds.

    Full details
  • Rainy Day ISA

    For balances between £10,000 and £24,999.99:

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

    For balances between £25,000 and £49,999.99:

    0.80% Tax-free§ p.a./AER(variable)

    For balances between £50,000 and £250,000:

    0.85% Tax-free§ p.a./AER(variable)

    If the balance exceeds £250,000 (including accrued interest) the interest rate that will apply to the whole balance will be 0.50% Tax-free§p.a/AER (variable).

    • Interest paid: Annually on 30 September (commencing 30 September 2018).
    • Minimum operating balance: £10,000
    • Maximum balance: Deposit up to £20,000 in the 2018/2019 tax year. The maximum balance is £250,000 including 2018/2019 ISA funds, previous year ISA funds and accrued interest.
    • Withdrawals: Access is limited to 6 withdrawals per calendar year without notice or loss of interest, subject to the minimum balance of £10,000 being maintained. If you exceed this number of withdrawals (including closure of the account), the account will be subject to 30 days' loss of interest on an amount equivalent to that withdrawn.

    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
  • ISA Saver

    0.50% Tax-free§ p.a./AER† (variable)

    • Interest paid: Annually on 05 April (commencing 05 April 2019).
    • Minimum operating balance: £1
    • Maximum balance: Deposit up to £20,000 in the 2018/2019 tax year
    • Withdrawals: Unlimited withdrawals can be made without notice or loss of interest.

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

    Full details