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.
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 two types of ISA – cash ISAs with a fixed or a variable interest rate. And stocks and shares ISAs where your money is usually invested in stocks and shares. You can invest up to £15,240 between a cash ISA and a stocks and shares ISA this tax year (that's the period from 6th April to 5th April). You can only invest in one cash ISA and one stocks and shares ISA in each tax year.
0800: Calls to 0800 numbers are normally free from UK landlines and mobile phones. 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.