Tax free: Tax-free means the interest paid will be free from UK Income Tax and Capital Gains Tax. The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future.
AER: AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Breakage Charge: A charge applied for early closure of a product. Early closure includes closing a product while it is within a fixed term, or transferring or closing your Fixed Rate ISA while it is in a fixed term. Early closure does not include closure within the first 14 days of having opened a product.
ISA: An ISA is an Individual Savings Account. They are a tax-efficient way to save money as you pay no tax on the money you put into an ISA or the interest you earn. There are three types of ISA - cash ISAs (which have a fixed or variable rate), stocks and shares ISAs and innovative finance ISAs. You can invest up to £15,240 between a cash ISA, a stocks and shares ISA and an innovative finance ISA this tax year (that's the period from 6th April to 5th April). You can only invest in one cash ISA, one stocks and shares and one innovative finance ISA in each tax year.
0800: All calls to 0800 numbers are free of charge whether made from a landline or mobile phone. Calls may be monitored or recorded for training and compliance purposes.
0345: Calls cost no more than calls to geographic numbers (01 or 02). Calls from landlines and mobiles are included in free call packages.
Variable: A variable rate of interest can go up or down throughout the lifetime of a savings account.
Tax-efficient: Return will be free of UK Income Tax and Capital Gains Tax.
Fixed: A fixed rate of interest remains the same and doesn't change for the duration of the term.
Nominated Account: A Nominated Account is a current account that we link to your savings account so that you can transfer money between accounts safely and securely. It should be a UK personal bank or building society account in your name(s) that accepts Direct Debits/ Direct Credits.