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Our cash ISA helps you to save tax-free and build a nest egg for the rainy days. Open the account with as little as £1.
1.10% AER/tax-free on balances from £1 to £9,999.
1.20% AER/tax-free on balances from £10,000 to £49,999.
1.35% AER/tax-free on balances of £50,000 or more.
The interest rate is variable. We pay interest 12 months after you open the account. The rate applies to the full balance.
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 account conditions (PDF, 210KB) explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.
We’re making some changes to our conditions on 02 June 2025. For details, see our guide to changes (PDF, 61KB).
For example, if you deposit £1000.00 when you open the account, the balance after 12 months will be £1011.00.
If you deposit £10000.00 when you open the account, the balance after 12 months will be £10120.00.
If you deposit £50000.00 when you open the account, the balance after 12 months will be £50675.00.
This assumes:
As with all ISAs, there are some rules:
Yes. You can make withdrawals from this account and there are no charges for doing so.
This is a flexible ISA, so if you make a withdrawal, you can pay that money back in to this account before the end of the tax year and not affect the amount you can save in your cash ISA tax-free.
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 the future.
After 12 months we'll change the account to an Instant ISA Saver. Before this happens, we'll contact you to explain your options and next steps.
You should read the summary box and the account conditions (PDF, 210KB) before you apply.
If you’d prefer to speak to someone, call us or visit your nearest branch.
We’re making some changes to our conditions on 02 June 2025. For details, see our guide to changes (PDF, 61KB).
Our investment options could give a higher return than saving. Choose from our investment accounts.
Do you have another ISA? Protect your ISA allowance by asking us to move your funds for you.
Transfers are quick and easy to do through online banking.
Every month, there are over 1,600 winners in our Savers Prize Draw. Visit the prize draw page for the full draw rules.