You have to be at least 16 years old. You must be a UK resident for tax purposes, or be a qualifying Crown employee or married to, or in a civil partnership with a qualified Crown employee. The account can only be held in your name. You may only subscribe to one cash ISA in a single tax year.
Account opening and management
Accounts can be opened online with a minimum of £100.
You will be able to check your balance, interest rates and view transactions on your account online whenever you wish.
The maximum balance is £20,000 for 2019/20 ISA allowance plus previous years’ ISA transfers. Please check with your existing provider if any charges are applicable on transfer.
Deposits are permitted until the Fixed Rate ISA is withdrawn from sale. Please note that you are only permitted to subscribe to one Cash ISA each tax year. This means that if you do not fully utilise the current year subscription amount in this Cash ISA you will not be able to open another Cash ISA during the same tax year. You are still able to subscribe any unused allowance to a Stocks and Share ISA and or Innovative Finance ISA.
ISA Transfer In requests (either with us or other providers) are permitted up to 14 days after the Fixed Rate ISA has been withdrawn from sale. For the transfer in request to be accepted, funds must be immediately available. No additional transfers will be accepted.
Please check with your existing ISA provider for any charges applicable on transfer.
Transferring your ISA
You can transfer some or all of your money saved in previous tax years into a Cash ISA and/or Stocks & Shares ISA and/or Innovative Finance ISA and/or Lifetime ISA without affecting your annual allowance, subject to the product terms of your account.
You can also transfer money saved in a Cash ISA for the current tax year into a different ISA with the same or a different provider, although you can only hold one of each type of ISA for each tax year. You must transfer the whole amount saved in the current tax year. Transfer charges may apply, please check with your existing provider. Do not transfer any ISA balance yourself otherwise you’ll lose your tax benefits.