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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

You can invest in three separate ISAs each year: a cash ISA (from age 16), a Stocks & Shares ISA and an Innovative Finance ISA (both from aged 18). You can invest in any combination of the three types of ISA in one tax year up to your total annual ISA allowance limit which is £15,240 for the 2016/17 tax year.

By choosing a Cash ISA you will benefit from tax-free interest. Although Stocks & Shares ISAs are tax efficient they are not completely tax-free. These ISAs are best suited for money that you can leave untouched for at least 5 years or more.

An Innovative Finance ISA allows interest and gains from peer to peer loans to qualify for tax advantages.

Chelsea Building Society only offers Cash ISAs.


Our tax-free savings accounts

Help to Buy: ISA


tax-free p.a./AER variable

  • Open this Cash ISA with up to £1,200 in the first calendar month - the duration of a calendar month is the start to the end of each month
  • Save up to £200 per calendar month after that
  • Designed for first time buyers saving for their first UK residential property 
  • Benefit from a Government bonus on your savings - the minimum bonus is £400 based on savings of £1,600 with a maximum bonus of £3,000 based on £12,000 saved.
  • Scheme rules apply
  • Withdrawals are permitted but won’t qualify for a Government bonus
  • This is not a flexible ISA so subject to subscription limits

e-ISA – Issue 4


gross p.a./AER variable
  • Save up to a maximum of £15,240, your 2016/2017 ISA allowance
  • Pay no tax on the interest you earn
  • Access your money whenever you like
  • Have no loss of interest for making withdrawals, though withdrawals lose their tax-free status unless they are transferred to another cash ISA
  • Receive interest paid annually
  • Manage your account online
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Important information

  • External ISA transfers in from other providers are permitted until 15 days after the Fixed Rate ISA has been withdrawn from sale.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 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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