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Tax-freesavingsaccounts

Pay no tax when you save with a cash ISA

Whatever you’re saving for, we have a varied range of tax-free accounts to suit savers with different goals.

There's a tax-free savings account to suit you

Whether you've got a smaller deposit or are looking to invest a large lump sum, we've a range of cash ISAs to choose from.

Take out one of our Cash ISAs and you can save anything from £10 to £15,240 tax-free, in the 2015/2016 tax year.

Or maybe you'd prefer a Stocks & Shares ISA where you can invest up to £15,240.

Or you could have a combination of Cash ISA and Stocks & Shares ISA up to a maximum of £15,240. This can be split between two providers. However you can only subscribe into one Cash ISA and one Stocks & Shares ISA in a tax year.

Important Information

Please note, Stocks & Shares ISAs are only available through our association with Legal & General. To discuss your needs with a Legal & General financial consultant, contact your local branch.

The value of an investment in a Stocks & Shares ISA is not guaranteed and can fall as well as rise.

 

From 6 April 2015, a 0% tax rate for savings means more pensioners, low earners, or those with only investment income, can have some or all of their savings interest paid without tax being deducted. For more information and to check if you're eligible please go to gov.uk/taxfreesavings.

If eligible, adults and children can be registered for gross interest by completing the Getting your savings interest without tax taken off (form R85) (66 KB) for each account held with the Society. This form is also available from any Chelsea Building Society branch or by calling us on 0345 850 4041. If you are not eligible to receive gross interest then interest will be paid with tax deducted. Please note, gross interest can only be paid to customers who are aged 16 or over if they are the named account holder.

Our tax-free savings accounts

Triple Access Saver ISA

1.35%

tax-free p.a./AER variable

  • Open this cash ISA with a minimum of £100
  • Deposit up to your maximum 2015/2016 ISA allowance of £15,240
  • Transfer in ISAs from other providers - please check with your existing ISA provider for any applicable charges*
  • Annual and monthly interest options available
  • Apply in branch or by post

Fixed Rate ISA to 31/07/2018

1.80%

tax-free p.a./AER fixed until 31/07/2018

  • Open this cash ISA with a minimum of £100
  • Deposit up to your maximum 2015/2016 ISA allowance of £15,240
  • Transfer in ISAs from other providers - please check with your existing ISA provider for any applicable charges*
  • Leave your money untouched for the full term (no withdrawals permitted)
  • Access your money if you need to by closing your account - subject to 180 days' loss of interest (remember, early closure other than transfers to another ISA would mean loss of tax-free status)

Instant ISA

1.00%

tax-free p.a./AER variable

  • Open this cash ISA with a minimum of £10
  • Transfer in ISAs from other providers - please check with your existing ISA provider for any applicable charges*
  • Interest paid tax-free up to your maximum 2015/2016 ISA allowance of £15,240
  • Access your money whenever you like - no loss of interest for making withdrawals
  • Manage your account with a passbook in branch or by post
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Important information

  • External ISA transfers in from other providers are permitted until 30 days after the Fixed Rate ISA has been withdrawn from sale. Any deposits received after these timescales will be returned to you. To ensure you don't lose your tax-free status, you must not close your existing ISA. Simply complete a Chelsea transfer request and give us a cheque and we'll sort out the paperwork, make the transfer and close your existing account for you.

Need help with interest definitions?

Our savings glossary can help explain what something means if you’re unsure.

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A tax-free account not right for you?

Why not take a look at our other savings accounts.

Interest rates

Find and compare the rates of all our savings accounts, at a glance.

Help & support

Find out more about how to open accounts, make deposits and access your money.

Your questions answered

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    • 9am - 1pm: Sat
    0345 744 6622*

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