Current interest rates

Rates effective from:

Balance

Tax-free per year %

AER %

1 December 2016 - present

£1 - £14,999

0.40

0.40

£15,000 - £29,999

0.50

0.50

£30,000 +

0.60

0.60

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

Previous interest rates

Introductory bonuses

Depending on when you opened the account, you may have benefited from an introductory bonus. The introductory bonus would have been payable for 1 year – after which the rate on your account would have reduced accordingly. Details of all introductory bonuses that have been paid on this account are set out below.

Account opened

Bonus rate (gross per year %)

25 February 2013 - 3 June 2013

0.80

Core rates

The core rates payable on this account, excluding any introductory bonus that may have applied, are set out here.

Rates effective from:

Balance

Tax-free per year %

AER %

23 September 2015 - 30 November 2016

£1 - £14,999

0.80

0.80

£15,000 - £29,999

0.90

0.90

£30,000 +

1.00

1.00

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 Funds withdrawn from your Instant Cash ISA can also be replaced in the same tax year without counting towards your annual ISA allowance.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.
 

Further information

You can download these terms and conditions, which relate to the Instant Cash ISA - Issue 1 account. These 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.