ISAs

The current tax year ends on Sunday 5 April

ISAs (individual savings accounts) are a way of saving money without paying personal tax on interest or returns you earn. There are two main types of ISA that we offer, cash ISAs and stocks and shares ISAs.

2014/15 ISA allowance

  • HM Treasury set a limit on the amount that can be paid into ISAs each tax year; the figure for the current year is £11,880
  • Up to the full ISA allowance can be invested in a stocks and shares ISA
  • Alternatively, up to a maximum of £5,940 can be saved in a cash ISA and the balance can be invested in a stocks and shares ISA
  • You can only contribute to one cash ISA and/or one stocks and shares ISA in each tax year
  • Save up to £3,840 for your children and earn a variable rate of 3.00% tax free/AER with our Junior Cash ISA

ISAs

Perfect timing

The 2014/15 tax-free ISA savings allowance deadline is 5th April - time to make the most of it.

Cash ISAs are a form of savings account where you won’t have to pay tax on the interest you earn on your savings. You must be 16 or over and resident in the UK for tax purposes to apply for a cash ISA. All our cash ISA accounts (apart from the Junior Cash ISA) can be managed online. You can also transfer your existing ISA and make additional deposits

Account
Interest rate
Features

Cash ISA Saver 1.50% tax free/AER variable on balances of £20,000+
1.25% tax free/AER variable on balances £1-£19,999.
These rates incudes a fixed introductory bonus of 1.00%on balances £20,000+ and 0.75% on balances £1-£19,999) payable for 12 months from the date of account opening.
  • Open from just £1.
  • Unlimited withdrawals.
  • Instant access to your money.

Find out more

2 Year Fixed Rate Cash
ISA
2.00% tax-free/AER fixed on balances of £20,000+
1.75% tax-free/AER fixed on balances of £1 - £19,999.
  • Open with £3,000, interest is paid at a fixed rate on balances over £1.
  • You can access your money, but a charge equivalent to a number of days’ tax free interest depending on the term selected applies to withdrawals.
  • Manage online, transfer previous years' cash ISAs and make additional deposits up to the annual cash ISA allowance.

Apply online for a 2 Year Fixed Rate Cash ISA Saver

Find out more

3 Year Fixed Rate Cash
ISA
2.25% tax-free/AER fixed on balances of £20,000+
2.00% tax-free/AER fixed on balances of £1 - £19,999.

Find out more

4 Year Fixed Rate Cash
ISA
2.40% tax-free/AER fixed on balances of £20,000+
2.15% tax-free/AER fixed on balances of £1 - £19,999.

Find out more

Junior Cash ISA 3.00% tax-free/AER variable
  • Save for your child’s future and open from £1.
  • A child can ask to take control of their account at any time from their 16th birthday.
  • Children who are 16 or over can open the account themselves.
  • No withdrawals are allowed until the child is 18, when the account matures into an adult cash ISA.

Find out more

Tax treatment depends on individual circumstances and may change in the future.

Share Dealing ISA

Stocks and shares ISAs are one of the most flexible and tax efficient ways to invest in the UK and global stock markets. Take advantage of your annual ISA allowance with our Share Dealing ISA.

  • Deal online or by phone when the market is open and access your account online whenever you want
  • Select from a variety of investments, including shares, gilts, bonds and funds
  • No Capital Gains Tax to pay on any profit you make within your ISA
  • Higher and additional rate tax payers don’t have to pay the extra 22.5% higher rate tax or 27.5% additional rate tax on gross dividends from shares held in ISAs
  • Available to UK residents aged 18 or over

Tax treatment depends on individual circumstances and may change in the future.

The value of your investment and the income from them can go down as well as up and you may get back less than you originally invested. You must be at least 18 or over to open a stocks and shares ISA.

THE VALUE OF YOUR INVESTMENTS AND THE INCOME FROM THEM CAN GO DOWN AS WELL AS UP AND YOU MAY GET BACK LESS THAN YOU ORIGINALLY INVESTED. YOU MUST BE AT LEAST 18 OR OVER TO OPEN A STOCKS AND SHARES ISA.