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Current interest rates

Rates effective from:

Balance

Tax-free per year %

AER %

1 December 2017 - present

£1 - £29,999

0.55

0.55

£30,000 - £99,999

0.65

0.65

£100,000 +

0.75

0.75

We may withdraw the availability of Instant Cash ISA - Issue 1 at any time, without notice.

Previous interest rates

Rates effective from:

Balance

Tax-free per year %

AER %

1 December 2016 – 30 November 2017

£1 - £14,999

0.40

0.40

£15,000 - £29,999

0.50

0.50

£30,000 +

0.60

0.60

Further information

Transfers-In:

Yes, Transfers-In from other ISAs are permitted.

Top up:

Yes. Funds withdrawn from your Instant Cash ISA can also be replaced in the same tax year without counting towards your annual ISA allowance. The tax year runs from 6 April to 5 April the following year.

Mortgage offset

Yes. Remember, if you offset your savings account against your mortgage, you won't earn any interest on your account.

Tax-free:

Interest is exempt from Income Tax provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances.

AER:

Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

Interest rate:

Rates are variable. Interest is calculated daily using your statement balance and is paid on the first working day of each month. When you top up, Transfer-In or Transfer-Out or make a withdrawal, you may move between an interest tier.
 

For additional information, download our Instant Cash ISA- Issue 1 account terms and conditions. They are in addition to the general conditions of your Customer Agreement with us.

Read important information about our interest rates, the Financial Services Compensation Scheme, and your cancellation rights.