With our Instant Access Cash ISA you can earn interest on your savings without paying tax - so every penny you make is all yours. Keep your money stashed away all year, or take it out and put it back in whenever you like - it's your choice.
You can pay in money when you like up to £20,000. Plus, you can transfer in money from previous years’ ISAs.
Get 0.15% AER* on your savings and keep it all for yourself. There’s no tax to pay.
Take money out and put it back when you want to provided you don’t go over £20,000. No worries about paying any charges.
See how much you could save with an Instant Access Cash ISA Account when you try our new Savings Calculator tool.
We’re up front with our customers about everything. We’ve created this handy summary of our Instant Access Cash ISA's key features so you can see the important information from the get-go.
|Interest rate||Save from||Annual tax free allowance||Interest paid|
|£1||£20,000 for 2022/23||Annually|
You can apply to open an account if:
You can only subscribe to one cash ISA in a tax year. The amount you can save into an ISA in the 2022/23 tax year is £20,000. Interest on your ISA will be paid annually on or around 5th April.
Unlimited access to your money. No notice needed. Funds withdrawn can be replaced in the same tax year.
You can transfer money from an ISA with another bank or building society to our Instant Access Cash ISA. And you’ll earn interest on this money before it even arrives in your account – we start paying interest from the date we receive your transfer request.
This doesn’t apply to transfers from accounts where you have to give notice to take money out. It also doesn’t apply when you’re transferring money from a stocks and shares ISA.
If you want to make a transfer in, you’ll need to do it within 30 days of opening your Instant Access Cash ISA.
You can transfer as many previous years’ funds as you like.
We’ll charge you for issuing a banker’s cheque. Each cheque costs £15.
Download our PDF to read when you like - it contains all the ins and outs of our Instant Access Cash ISA.
We give you interest on the money you put away in your cash ISA. You don’t have to pay UK income tax or capital gains tax on this interest. It doesn’t count towards your Personal Savings Allowance and you don’t need to put it on your tax return.
Since 6 April 2016, you can earn up to £1,000 a year on your savings tax-free if you pay the basic rate of tax and up to £500 a year if you pay the higher rate of tax. This is called your Personal Savings Allowance. Interest on your savings is now paid without tax being taken off. The interest from ISAs doesn’t count towards your Personal Savings Allowance.
Yes. You can take money out whenever you like. If you can afford to put some money away for longer, you might be interested in our Fixed Rate Cash ISA
Yes. You just need to fill in a stocks and shares ISA transfer form in store.
Yes – but however much you take out, your total payments in can’t go over the ISA allowance for the tax year. This is £20,000 for 2022/23.
You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Products.
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