Tax Free Savings Accounts
If you're a taxpayer you really should have an ISA (Individual Savings Account). That's because, unlike other types of savings accounts, you receive the interest with no tax taken off
| Account Name | Main benefit | Interest rates up to (AER) | Minimum opening balance | Access | Withdrawals | |
| Fixed Rate ISA Saver | Guaranteed rates on your tax free savings | 4.25% (4 year term, £500+) | £500 | Online, branch, phone | By closure only | |
| ISA Direct Reward | Limited offer – great rate with easy access | 2.60% AER (variable) | £1,000 | Online, phone | 4 within the 12 month reward period | Apply online |
| ISA Saver Direct | Save tax free with easy access to your funds | 0.50% (variable) | £1 | Online or phone | Unlimited | |
| Variable Rate ISA Saver | Branch based passbook ISA offering instant access | 0.20% (on balances of £27,000+) | £1 | Online or branch | Unlimited |
Please note: Rates of interest are subject to change, to check effective dates for all our Savings products please see our Interest Rates section.
Here's a quick summary of things to know about cash ISAs:
- Interest with no tax taken off - so for every £1 of interest you earn on your savings, at least 20p is saved from the taxman
- Save up to £3,600 (£5,100 for those aged 50 or above on or before 5 April 2010) - each tax year in a cash ISA
- One cash ISA per year - with one provider
- Leave your savings for as long as you like - you don't have a time limited to withdraw your savings, so can continue to enjoy tax free interest for years to come
- Transfer your ISA - if you like the look of our ISA account but already have an ISA open for this tax year with another provider, simply transfer your ISA account to us