Make the most of this year’s ISA allowance with a Cash or Stocks and Shares ISA.
ISAs (Individual Savings Accounts) are tax efficient accounts to save or invest into.
Each tax year you get an ISA allowance, which sets the limit on how much money you can pay into ISAs. This tax year, you can pay in up to £20,000. The £20,000 can be spread across all your ISAs.
There are four types of ISA: cash ISAs, stocks and shares ISAs, Lifetime ISAs and innovative finance ISAs. You can add money into one of each type of ISA every tax year. For example, this tax year you could add some of your ISA allowance to a cash ISA and a stocks and shares ISA, but you cannot pay into two different cash ISAs unless you do an ISA transfer.
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Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).
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AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross rate means we will not deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).
The tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.