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If you have a Help to Buy: ISA with another provider, you can transfer it to us. Carry on saving for your government bonus with our Help to Buy: ISA.
If you have a Help to Buy: ISA with another provider, you can transfer it to our Help to Buy: ISA over the phone.
As the Government closed the Help to Buy: ISA on 30 November 2019, we can no longer accept new applications.
Although closed to new applications, the Government Bonus can still be claimed up to November 2030.
You will earn 2.90% AER/tax free variable interest on any savings from £1 to £12,000. Then 1.40% AER/tax free on any excess above £12,000.
Interest is paid after each year.
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, 109KB) 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 your balance is £1,000.00 when you transfer the account to us, after 12 months you will have a balance of £2246.40 after interest is paid.
Or, if your balance is £13,000.00 when you transfer the account to us, after 12 months you will have a balance of £14570.40 after interest is paid.
If you have more than £12,000 in your account, you’ll get two different interest rates on your balance. The higher rate applies to everything up to £12,000 and the lower rate to any excess above £12,000.
Also, if your balance is £1,600 or more when you close the account, you could get a 25% bonus on your final balance. This is paid by the UK Government if you buy a house up to the value of £250,000 outside London or £450,000 inside London. The minimum bonus of £400 is payable on closing balances of £1,600. The maximum bonus of £3,000 is paid on closing balances of £12,000 or more.
New applications for this ISA are no longer accepted. If you already have a Help to Buy: ISA with another provider, you can transfer it to us over the phone. All the money will be moved over to your new account.
Apart from the Help to Buy: ISA you are transferring from, you must not have paid into another cash ISA this tax year. Read our guide to ISAs for more information.
The ISA is for first time buyers who are:
You can manage the account online, by phone and in branch.
There are limits on how much you can save in a Help to Buy: ISA.
The Help to Buy: ISA is a cash ISA and you can only pay into one cash ISA in a tax year. This includes cash ISAs with other banks. Read our guide to ISAs for more information.
ISAs have an annual limit of £20,000 this tax year. This means you can’t pay more than this limit into any combination of permitted ISAs within the same tax year.
The Help to Buy: ISA allowance is lower than the overall £20,000 ISA allowance as you can only pay in up to £200 in any calendar month. This must be paid by standing order and received by the 25th of the month. If you want to reach the full ISA limit in a tax year, you’ll have to invest any other new contributions into other permitted types of ISA.
You can make unlimited withdrawals, but you won’t be able to claim the Government bonus on the funds you withdraw.
You can close your account at any time by visiting your local branch. If you choose to close the account and move the money to a non-ISA account, your savings will lose their tax-free status. The tax treatment depends on your individual circumstances and may change in the future.
To start the claim for your bonus, you need to:
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.
The Help to Buy: ISA scheme administrator is National Savings and Investments (NS&I). NS&I works with HM Treasury. The administrator was UKAR (UK Asset Resolution Limited) until 31st March 2019.
You can transfer to our Help to Buy: ISA if you are transferring from a Help to Buy: ISA with another provider.
If you do not already have a Help to Buy: ISA, you will not be able to open one.
Please read the summary box and the terms and conditions (PDF, 109KB) before you start.
If you need to call us from abroad, you can call us on +44 0173 334 7007.