Our Online ISA may be right for you if you want:
- A savings account that earns tax-free interest.
- To transfer in savings from existing ISAs. Before making a decision to transfer your ISA to us, you should check if your current provider will charge a fee.
- The ability to split your cash ISA savings across variable and fixed rate products in one place.
Our Online ISA may not be right for you if you:
- Want to save more than your annual ISA allowance
- Don’t want to manage your ISA online
- Are under 16
Not the right account for you? See our other ways of saving.
Online ISA Interest rates
Easy Access Issue 8
Benefit from a 0.85% tax-free/AER variable rate which includes a 0.60% tax-free/AER fixed bonus for the first 12 months.
Interest is calculated daily and paid annually in March.
Fixed Rate Issue 7
1 year at 0.95% tax-free/AER fixed
Interest is calculated daily and paid annually on the anniversary of the account opening. At the end of the fixed term the value along with any interest earned, will be paid into the Holding Account of your Online ISA.
Please note: no additional deposits or withdrawals are permitted during the fixed term. If you need to close your product during the fixed term, a Breakage Charge will be applied, unless it is within the first 14 days of opening. If the interest you’ve earned doesn’t cover this, you may get back less than you put in.
Holding AccountBenefit from a 0.65% tax-free/AER variable rate.
Interest is calculated daily and paid annually in March.
Please note: The tax advantages of ISAs depend on your individual circumstances and the tax treatment of ISAs may change in the future.
For help with key terms, please see the Definitions tab.
How it works
Our Online ISA gives you the ability to take advantage of fixed rates and variable rates all within one account. Save from £500 up to £15,240 in this tax year, subject to any stocks and shares or innovative finance ISA contributions, or transfer an existing ISA you hold – no maximum limit. Before making a decision to transfer your ISA to us, you should check if your current provider will charge a fee.
Putting your investment in fixed rate products will often give you a higher rate of interest, but means you could limit your ability to move money around.
The variable rate products give you ready access to your money. You can make additional deposits, have unlimited withdrawals or move money around into other products within your Online ISA.
There’s also a holding account that is designed to take care of your money until you decide whether you’d like to put it into fixed or variable. The Holding Account can also be used to bring together all your cash ISA savings from other providers, please see Key Information pack or FAQs for more information.
You can spread your annual allowance across as many products as you need to meet individual savings goals, and request unlimited transfers-in from other providers.
Please note, the products or rates of interest can be changed or withdrawn at any time. If you are using the Holding Account to consolidate or split your cash ISA savings before opening a specific product, there is a risk that the product or rate of interest you wanted will no longer be available by the time any funds are received.
Withdrawals can be made to either the Holding Account, where the funds can then be reinvested into other products within your Online ISA, or your Nominated Account. Any payment sent to your Nominated Account will no longer benefit from the tax advantages of ISAs.
The minimum amount you can withdraw from any product is £10, or the value of that product, whichever is less.
If you have paid into your Online ISA in the same tax year you close it, you won’t be able to pay money into another cash ISA in that tax year.
If you change your mind, you have 14 days from the date your Online ISA opens to cancel your account. If you decide to cancel your Online ISA, any products you’ve opened within it will be closed and you will receive a full refund of any deposits you’ve made plus tax-free interest. Any returned deposits will not be regarded as having been paid into the ISA, and so will not count towards your ISA allowance for the current tax year.
You cannot ‘cancel’ individual products that you’ve selected to open within your Online ISA. This means that unless you cancel your entire Online ISA within the 14-day cancellation period, any deposits you’ve made into your product(s) will count towards your annual ISA allowance.
Partial transfers are not permitted, and you will not be able to transfer out individual products held within your Online ISA.
If you decide to transfer your Online ISA and you have a product which is within a fixed term, you'll incur a Breakage Charge. If the interest you've earned doesn't cover this, you'll get back less than you put in.
Before you apply
Please make sure you're eligible by checking the below information:
- You’re a UK resident for tax purposes and aged 16 or over
- You have a UK personal bank or building society account in your name (either sole or joint)
- You can deposit at least £100 (Easy Access product or Holding Account) or £500 (Fixed Rate product)
- You’ve got a valid email address. This is how we’ll send you information about your account
- You don’t already hold an Online ISA with us
What you need to apply
- Your home address including postcode (we don’t accept c/o or PO box addresses)
- Your National Insurance Number
- Your bank or building society account number and sort code
- Your debit card, if you want to open your Online ISA using this method
- Details of your existing ISA, if you want to transfer this to us, to open your Online ISA
Once you’ve completed your application
You’ll receive an email asking you to confirm your email address – it’s important to do this in order to get unrestricted access to your Online ISA and to receive email reminders when you have new messages from us.
Once your application has been processed, we’ll send you another email asking you to log in to your Online ISA. Please note it can take up to 24 hours before your account is ready to access.