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 Nutshell video transcript or the Full Monty video transcript
Our cash ISAs
| Account name | Interest rate | Manage account | Transfers in allowed | Withdrawals | |
|---|---|---|---|---|---|
| e-ISA | |||||
| Internet only account offering our best instant access rate | Tiered rates ranging from: 1.75% AER variable on balances of £0 - £9,999 Up to: 2.25% AER variable on balances of £30,000 or more. |
|  | Unlimited |  |
| Cash ISA | |||||
| For customers who prefer to bank in branch and have instant access to their savings | Tiered rates ranging from: 0.50% AER variable on balances of £1-£8,999. Up to: 2.00% AER variable on balances of £50,000 or more. |
| | Unlimited | |
| Fixed Rate ISA | |||||
| Apply between 16th April – 20th May 2013
Cash ISA with a fixed rate of interest from 10th June 2013 for the term of the account. Limited offer may be withdrawn at any time. | Minimum investment amount £1,000. 1 Year term - 1.80% AER 2 Year term - 2.00% AER |
| | By closure only an interest charge will apply | |
| Interest will be paid at the rate of 1.50% AER/Gross (fixed) p.a. until the Fixed Rate ISA start date of 10th June 2013
Fixed Rate ISA notes: Please ensure:
| |||||
| Balance | AER (variable) | Gross pa |
|---|---|---|
| £30,000+ | 2.25% | 2.23% |
| £10,000 - £29,999 | 2.00% | 1.98% |
| £0 - £9,999 | 1.75% | 1.74% |
Close
| Balance | AER (variable) | Gross pa |
|---|---|---|
| £50,000+ | 2.00% | 1.98% |
| £27,000 - £49,999 | 1.75% | 1.74% |
| £22,000 - £26,999 | 1.10% | 1.09% |
| £15,000 - £21,999 | 0.95% | 0.95% |
| £9,000 - £14,999 | 0.75% | 0.75% |
| £1 - £8,999 | 0.50% | 0.50% |
Close