This ISA is for customers who would like the flexibility of being able to make a lump sum or regular payments:

minimum opening balance £1

pay into your account at any time, as long as this is the only ISA you are paying into during the current tax year, which ends on 5 April, subject to total maximum deposits of £3,600

interest is calculated daily and will be added yearly on 31 March

withdrawals without penalty, up to £500 in cash each day, or up to the total balance in your account by crossed cheque

tax free variable interest

you may transfer funds from an Instant Cash ISA to another type of Cash ISA e.g. Fixed Interest Fixed Term Cash ISA, provided only one ISA is open during the current tax year

we guarantee that your interest rate will never be less than 1% below Bank of England base rate

available if you are 16 years of age or over

tax free interest (1) / AER (2)
5.25%

(1) tax free rate of interest is the rate payable, under current legislation, where interest is exempt from income tax (your tax benefits will be lost if your ISA ceases to be tax exempt)

(2) annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year

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