ISAs
What is an ISA?
An ISA is simply a savings account and stands for Individual Savings Account. An ISA lets you pay little or no tax on your savings interest or investments earnings.
There are two main types of ISA available:
- Cash ISAs which are classed as tax free. Tax free means that interest payable is exempt from UK income tax.
- Stocks and shares ISAs which are classed as tax efficient. These are higher in risk and should be considered as being for the longer term (i.e. at least 5 years)
View our ISA video opposite, read the video transcript, or
Our cash ISAs
| Account name | Interest rate | Manage account | Transfers in allowed | Withdrawals | |
|---|---|---|---|---|---|
| e-ISA | |||||
| Internet only account offering our best instant access rate | 2.00% AER variable on balances of £0-£9,999.
2.50% AER variable on balances over £30,000 |
|  | Unlimited |  |
| Cash ISA | |||||
| For customers who prefer to bank in branch and have instant access to their savings | 0.50% AER variable on balances of £1-£8,999.
2.00% AER variable on balances over £50,000. |
| | Unlimited | |
| Fixed Rate ISA | |||||
| Apply between 1st Feb - 29th Feb 2012 Cash ISA with a fixed rate of interest from 4th April 2012 for the term of the account. Limited offer may be withdrawn at any time. | Minimum investment amount £1,000.
NEW Preferential Interest Rates if you transfer your cash ISA from another provider to NatWest (excluding NatWest & RBS). 1 Year term - 3.35% AER 2 Year term - 3.90% AER 3 Year term - 4.20% AER Standard Interest Rates 1 Year term - 2.60% AER 2 Year term - 3.50% AER 3 Year term - 3.80% AER |
| | By closure only an interest charge will apply | |
| Fixed Rate ISA notes: Please ensure:
| |||||
Stocks and shares ISAs
Self-Select ISA
An investment ISA with a difference – you choose exactly what you want to invest in, within the ISA rules.
Investment Options ISA
Pick an investment that fits your goals, and then let expert fund managers look after your money. More for you. Less for the tax man.