This account might be right for you if you:
A Cash ISA is a simple way to save tax-free, allowing you to make the most of your £20,000 annual ISA allowance.
With our Annual Allowance ISA, you can earn a competitive variable rate along with an additional reward element, designed to benefit those who keep their savings in place until 7 June 2027.
The ISA allowance resets at the start of each tax year on 6 April, giving you a fresh opportunity to save tax-free.
Further details of the Cash ISA tax allowance applicable at the current time can be found at www.gov.uk/individual-savings-accounts.
Tax treatment depends on your individual circumstances and may change.
3.85% Tax-Free/AER until 7 June 2027 which includes a 1.65% fixed bonus rate.
2.20% Tax-Free/AER (without bonus rate)
We calculate interest daily and pay it into your account each year on 7 June.
Interest on ISAs is paid tax-free, without tax deducted.
The Annual Equivalent Rate (AER) shows the interest your ISA might earn over a year, as a percentage of your balance.
Yes, the interest rate on this account is variable, which means that it can go up or down.
If the rate goes down, we’ll write to you around 14 days before the rate changes.
For more details about why we may change the rate as well as how and when we’ll let you know, please see our General Savings Terms and Conditions.
With bonus rate: £1,038.50
If the bonus rate did not apply: £1,022.00
This would be the balance if you paid £1,000 into your account when it opened, and no money is taken out or paid in. In this example, all interest earned is paid into the account and the interest rate doesn’t change.
This illustration is just an example to help you compare accounts. It doesn’t consider any individual circumstances.
You must be aged 18 or over and one of the following.
The account is for personal use only. It’s not for businesses, clubs or charities. You can’t open this account for a child.
How to open and manage your account
How to put money into your account
You can’t transfer other ISA savings into this account.
The ISA allowance is set by HM Revenue & Customs. You can only open one Cash ISA with us in a single tax year.
We will give you at least 30 days’ written notice if we stop accepting deposits into the account.
How to keep track of your account
This is an easy access account, meaning that you can take money out whenever you want.
This is not a ‘flexible’ ISA, which means that any amount you pay in to replace money you have withdrawn will be taken off your ISA allowance for that year.
You can close your account at any time. If you close your account before 7 June 2027, the bonus rate will not apply and you’ll get the without bonus rate for the entire period.
How to take money out of your account
You can take money out of your account in any of the following ways.
What happens after 7 June 2027 when the bonus rate ends?
After you open an Annual Allowance ISA Issue 1 you have a 14-day cooling-off period. This means that if you change your mind, you have 14 days to close the account without giving us notice, paying a charge or losing interest. Day one of the cooling-off period is the day you open the account. If you close the account within the cooling-off period, the bonus rate will not apply and your interest will be paid at the without bonus rate.
ISAs are a savings scheme introduced by the Government, and they can change the ISA rules at any time. For example, ISA accounts may not always be tax-free.
If at any point the account fails to meet the ISA rules and becomes void, we will tell you.
All money invested in this account must be, and remain, in your beneficial ownership and must not be used as security for a loan or any type of borrowing.
If we delegate any of our functions or responsibilities under this agreement to someone else, we will satisfy ourselves that the person or organisation we delegate to will be competent to carry out those functions and responsibilities.
This isn’t a payment account for managing everyday finances such as paying bills or receiving income.
We may stop accepting applications for this ISA at any time.
You should read these terms and conditions together with our General Savings Terms and Conditions to fully understand the details of your account. The General Savings Terms and Conditions include standard terms and conditions which apply to all our savings accounts.
The above rate is effective from 7 April 2026
We’re here to help
If you’ve any questions about these Terms and Conditions or your account, please get in touch or alternatively view the FAQs below.
Before you apply please ensure you’ve read the summary box and the terms and conditions of the account.
You can apply for this account either by post or by visiting your local branch.
We're always happy to help you, whatever your query. You can contact us via phone, online enquiry or pop into any of our branches.
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