Cash ISA Saver

Want to save but also have instant access to your money? With this flexible cash ISA, you can do just that.

Please read the summary box before applying

Who this account is for

  • You need to be aged 16 or over and a UK resident for tax purposes with a national insurance number.
  • You must not have already saved into a cash ISA this tax year, unless you're going to complete an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.
  • Ideal if you want instant access to your savings.

The benefits

  • Earn 0.05% tax free/AER variable interest for 12 months.
  • This is a flexible ISA which means you can withdraw money and put it back in without it counting towards your annual ISA limit.
  • There are no charges for withdrawing your money.

How it works

  • Open with £1 or more, then save as you like up to the ISA limit.
  • Pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
  • After 12 months, your account will change to an Instant Cash ISA.

Summary box for the Cash ISA Saver

  • Earn 0.05% tax free/AER variable interest on balances of £1 or more for 12 months.

    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, 85KB) 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 £1000.50 after interest is paid.

    This assumes:

    • the interest rate stays the same for 12 months
    • you make your deposit on the day you open the account and you don't add more money after that
    • you don’t withdraw any money or interest.

     

  • This account can be opened and managed:

    • online
    • on our app
    • in branch
    • by phone.

    You can open this account if you:

    • are aged 16 or over
    • are a UK resident for tax purposes
    • have a national insurance number.

    If you have already saved in a cash ISA this tax year, you’ll need to complete an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.

    You need to open this account with £1 or more. You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.

    The account can only be opened in your sole name because cash ISAs cannot be joint accounts.

     

  • 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.

    After 12 months, your account will change to an Instant Cash ISA. Before this happens, we’ll contact you to explain your options and next steps.

     

  • Savings terms explained

    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.

Open a Cash ISA Saver

You can open this account if you:

  • are aged 16 or over
  • are a UK resident for tax purposes
  • have a national insurance number.

If you have already saved in a cash ISA this tax year, you’ll need to complete an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.

Please read the summary box and the terms and conditions (PDF, 85KB) before you start.

Open a Cash ISA Saver online in about five minutes

Open nowApply now

You can also open an account by calling us on 0345 300 0000. Our lines are open Monday to Sunday from 7am to 11pm. Or, visit us in branch.

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