A Cash ISA lets you save money and earn tax-free interest up to your annual £20,000 allowance.
Is there a minimum payment to open a Cash ISA?
Yes, you can open a Cash ISA with as little as £1.
How do I earn interest on my Cash ISA?
Our Cash ISA interest rate follows the Bank of England's base rate, set 0.15% below it: the “T212 Tracking Rate”.
This means your rate automatically adjusts when the Bank of England changes its base rate.
When is the interest paid into my ISA?
Interest accrues daily and is paid monthly into your Cash ISA.
Where can I see the current rate within my account?
Your current interest rate is shown on your Cash ISA home screen, under ‘Interest Rate’.
How often does the Bank of England change its interest rate?
Your Cash ISA rate updates immediately after the Bank of England changes its base rate, in line with our ISA Terms. If we change our margin, currently -0.15%, we’ll give you 14 days’ notice.
Do I earn daily interest?
Yes, you earn interest daily, and we pay it on the third calendar day of each month.