ISA Bonus Saver

Our cash ISA which pays more interest if you make fewer withdrawals. Read the summary box before applying.

Open account

Features and benefits

Earn up to 2.30% AER

Earn 2.30% AER/2.28% tax free variable monthly if you make 3 or less withdrawals in the 12 months after opening.

You’ll earn 0.65% AER/tax free variable monthly if you make 4 or more withdrawals in the 12 month term. See summary box for details.

How this worksIf you make 3 or less withdrawals, you’ll get paid the higher rate of interest. If you make 4 or more withdrawals, you’ll get a lower interest rate from the month you make the 4th withdrawal until the end of the account year.

Monthly interest

Your interest will be paid monthly, on the same date you opened the account.

Cash ISA transfer offer

 
Lady dancing

Earn when you transfer

Transfer to a new or existing adult cash ISA with us by 31 May 2026 and get £150 for every £25,000 moved, up to £1,200 if you transfer £200,000 or more.

ISA transfer offer

Offer terms and conditions

Let's break it down

Who it's for

You can open this account if you:

  • are 18 or over and a UK resident for tax purposes
  • have a National Insurance number.

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
  • Open and manage online, in the app, in a branch or by phone.
  • After 12 months, your account will change to an Instant ISA Saver.

Summary box for the ISA Bonus Saver

  • 2.30% AER/2.28% tax free variable monthly on balances from £1 if 3 or less withdrawals are made in the 12 months after opening.

    0.65% AER/tax free variable monthly on balances from £1 if 4 or more withdrawals are made in the 12 months after opening. This lower interest rate will apply from the month you make the 4th withdrawal until the end of the account year.

    Interest is paid monthly, on the same date you open your 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, 210KB) explain when and how we do this. For example we might change it if it costs us more to run this account for you.

  • For example, if you put in £1,000 when you open the account, and make no withdrawals the balance after 12 months will be £1,023.03.

    If you put in £1,000 when you open the account, and withdraw £10 on the first day of the month, for the first 4 months of the term the balance after 12 months will be £970.26.

    This assumes:

    • The interest rate stays the same for 12 months.
    • You put money in the day you open the account and don’t add more money after that.

  • This account can be opened and managed

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

    Opening this account

    You must be 18 or over, resident in the UK for tax purposes with a national insurance number.

    If you haven't already saved into a cash ISA with us this tax year you can open a cash ISA with us by completing an ISA transfer from another provider. 

    You need to open this account with £1 or more.  ISAs have an annual limit this tax year of £20,000 for new money, and you can’t pay more than this limit into any combination of permitted ISAs within the same tax year.

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

    Managing the account

    As with all ISAs, there are some rules:

    • Cash ISAs cannot be joint accounts.
    • You can save up to £20,000 into a combination of permitted ISAs this tax year.
    • ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us. You can open a cash ISA with us by completing an ISA transfer from another provider.

    If you change your mind, you can cancel the account free of charge within 14 days of opening.

  • Yes. You can make withdrawals from this account and there are no charges for doing so.

    You’ll get a higher rate of interest if you make 3 or less withdrawals in the twelve months from opening. If you make 4 or more withdrawals, you’ll get a lower interest rate from the month you make the fourth withdrawal until the end of the account year.

    Closing your account counts as a withdrawal.

    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 to an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in future.

    If you change your mind, you can cancel the account free of charge within 14 days of opening.

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

  • Savings terms explained

    Tax free variable is the rate of interest payable to you where your interest is exempt from income tax.

    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 an ISA Bonus Saver

You should read the summary box and the account conditions (PDF, 210KB) before you apply.

 

It's simple in the app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings then ISA Bonus Saver.



Apply online

Whether you're an existing customer or not, you can apply on our website.
 

Open account

It's simple in the app

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings, then ISA Bonus Saver.

Get the app

Apply online

Whether you're an existing customer or not, you can apply on our website.
 

Open account

If you’ve already got an easy access cash ISA with us, you can renew it into an ISA Bonus Saver without needing to open a new account.

Protecting your money

FSCS logo


The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of the eligible money you hold with us.

More about the FSCS

FSCS logo


Protecting your money

The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of the eligible money you hold with us.

More about the FSCS

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