Notice ISA – with a notice ISA, you’ll have access to your savings by giving a notice period, and, if you need to, you can make emergency withdrawals subject to an interest charge.
Cash ISA FAQs
What is the cash ISA limit?
Each tax year (6th April-5th April) there’s a limit on how much money you can put into your ISAs. For the 2022/23 tax year, the limit is £20,000.
How many cash ISAs can I have?
You can have more than one ISA, but you can’t pay into more than one cash ISA per tax year. Some ISAs will allow you to transfer previous tax years savings into a new ISA.
Is my money safe in a cash ISA?
Yes, your money is safe in one of our regular savings accounts. The Financial Services Compensation Scheme (FSCS) is there to protect your money if your financial services provider goes out of business; you’ll normally get your money back within seven days. All of our savings accounts are FSCS protected up to £85,000 per depositor. FSCS is funded by the financial services industry, and is free to consumers. To find out more, ask at your local branch or go to FSCS.org.uk.
Can I withdraw my money whenever I want?
This entirely depends on the terms and type of cash ISA you have. This will determine how often you can withdraw money, whether you will be charged to withdraw and how much interest you’ll lose (if any).
Can I take money out of a cash ISA and put it back in again?
This is dependent on the type of ISA that you have. If your ISA is ‘flexible’, you can take out cash then put it back in during the same tax year, unless you are over your annual limit. If your cash ISA isn’t flexible then you won’t be able to replace any money that’s been withdrawn.
*We will pay your interest free of UK income tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The tax treatment of ISAs may also change. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year. Interest rates are variable unless otherwise stated.
For non ISAs
*We will pay your interest without tax taken off. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. Your tax treatment will depend on your individual circumstances and may be subject to change in the future, for further information please contact HMRC. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was re-invested in the account each year. Interest rates are variable unless otherwise stated.