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 £15,000
  • Your annual allowance can be used in either a cash ISA, a stocks and shares ISA, or any combination of the two
  • You can only contribute to one cash ISA and/or one stocks and shares ISA in each tax year
  • Save up to £4,000 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
1.00% tax free/AER variable on balances of £20,000+
0.80% tax free/AER variable on balances £1-£19,999.
These rates include a fixed introductory bonus of 0.50% on balances £20,000+ and 0.30% 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
1.70% tax-free/AER fixed on balances of £20,000+
1.50% 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' ISAs subscriptions and make additional deposits up to the annual ISA allowance.

Apply online for a 2 Year Fixed Rate Cash ISA Saver

Find out more

3 Year Fixed Rate Cash
ISA
1.95% tax-free/AER fixed on balances of £20,000+
1.75% tax-free/AER fixed on balances of £1 - £19,999.

Find out more

4 Year Fixed Rate Cash
ISA
2.00% tax-free/AER fixed on balances of £20,000+
1.80% 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.

Stocks and Shares ISAs and Share Dealing ISAs

ISAs can be used to invest tax efficiently in both UK and global stock markets. No Capital Gains Tax is payable on profits, and higher and additional rate taxpayers don’t have to pay the higher or additional rate tax on any gross dividends from shares held in ISAs. They are available to UK residents aged 18 and over.

Product Details
Stocks and Shares ISA

 Invest tax efficiently
 Choose from our three managed growth funds
 Apply online via Internet Banking

Find out more

Share Dealing ISA

 Select from a variety of investments, including shares, gilts, bonds, and funds
 Invest in UK and global markets
 Deal online or by phone and access your account online whenever you want

Find out more

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.