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Instant ISA Saver
Some of our ISAs will change into this account at the end of their term.
Who this ISA is for
If you have one of the following accounts it will change into an Instant ISA Saver at the end of its term:
- ISA Saver Variable
- ISA Saver Fixed
- ISA Reward Bonus Saver
- ISA Bonus Saver with us
You can't open an Instant ISA Saver in any other way. If you don't have a cash ISA coming up to the end of its term you could compare our other accounts.
You must still be a UK resident to add more money into the Instant ISA Saver.
The benefits
- Earn up to 1.35% AER/tax free variable interest. The rate depends on your balance. See summary box for details.
- Save and withdraw your money as it suits you.
- If you are UK resident and make a withdrawal from this account, you can pay that money back in before the end of the tax year. Doing this won’t affect the amount you can save in your cash ISA tax free.
How it works
- If you decide to let your ISA change into this account, your sort code and account number will stay the same.
- You will be able to save what you like within the ISA allowance. This is £20,000 this tax year across all your ISAs.
- You could renew your Instant ISA Saver to another account. It's important you review your savings options.
Summary box for the Instant ISA Saver.
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1.10%AER/tax free on balances from £1-£9,999.
1.20%AER/tax free on balances from £10,000-£49,999.
1.35%AER/tax free on balances of £50,000 or more.
The interest rate is variable. The rate applies to the full balance. There will be no change to how often your interest is paid.
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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, 347KB) 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 2 June 2025. For details, please see our guide to changes (PDF, 61KB).
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For example, if you deposit £1,000.00 when you open the account, the balance after 12 months will be £1,011.00.
If you deposit £10,000.00 when you open the account, the balance after 12 months will be £10,120.00.
If you deposit £50,000.00 when you open the account, the balance after 12 months will be £50,675.00.
This assumes:
- You don't withdraw any money and interest isn’t paid out of the account.
- The interest rate stays the same.
- The initial deposit is made on the day the account is opened and no further deposits are made.
- Your interest is paid each year.
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How the account is opened
If you have an ISA Saver Variable, ISA Saver Fixed, ISA Reward Bonus Saver, ISA Bonus Saver or a Junior Cash ISA with us that’s coming up to the end of its term, we will contact you to let you know your options. If you don't ask us to do something else, your ISA will change to an Instant ISA Saver.
Your sort code and account number will stay the same. You can carry on saving with your new Instant ISA Saver.
You can't open an Instant ISA Saver in any other way.
You can manage the account
- online
- on our app
- in branch
- by phone.
As with all ISAs, there are some rules:
- 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. If your cash ISA changes to an Instant ISA Saver, it counts as the same cash ISA because the sort code and account number will stay the same.
- You can transfer money from an ISA you have with us or another bank. Find out how to transfer an ISA.
- The ISA allowance is £20,000 this tax year. This means you can save up to £20,000 in total across your ISAs this tax year. Learn more about ISAs.
- ISAs cannot be made joint.
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Yes. You can make unlimited withdrawals from this account and there are no charges for doing so.
This is a flexible ISA. If you are UK resident and make a withdrawal from this account, you can pay that money back in before the end of the tax year. Doing this won’t affect the amount you can save in your cash ISA tax free.
If you're not a UK resident, you can withdraw some of your money but you can't replace this money or save any more.
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.
You can close your account at any time.
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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 that 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 savings glossary.
Not the account for you?
If you don't have one of these ISAs that's coming up to the end of its term, then this is not the account for you.
