Want to save but also have instant access to your money? With this flexible cash ISA, you can do just that.
Earn 0.20% tax free/AER variable interest on balances of £1 or more for 12 months from account opening.
Your interest is paid twice a year. This is on the 31st March and 12 months after you open the account.
Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF) explain when and how we do this. For example we might review the interest rate if the Bank of England base rate changes.
For example, if you deposit £1000.00 when you open the account, after 12 months you will have a balance of £1002.00 after interest is paid.
This account can be opened and managed:
Bear in mind:
You can withdraw money from this account and there are no charges for doing so.
This is a flexible ISA which means you can withdraw money and put it back in without counting towards your annual ISA limit.
Any money you move into an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in the future.
If you change your mind, you can cancel the account free of charge within 14 days of opening.
Tax free means you will not pay income tax on your interest.
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our glossary.
You can open an account if:
Please read the summary box and the terms and conditions (PDF) before you start.
Take a look at our range of ISAs to see which ticks your boxes.
Make the most of your tax-free savings with our ISA guides.