An ISA is a great, tax free way to save if you want to save for something special, or just put money away as part of your financial plans. You’ll have instant access to your cash and you can save in the way that suits you best.
You can open and manage your account face to face in a branch or by post
Why choose a Cash ISA?
Tax-free returns to help your savings grow
Instant access to your money
Add to the account whenever you like during the tax year
You can transfer money in from other Cash and Stocks and Shares ISAs
Open with £100 and save up to £20,000 each tax year
An ISA is a great, tax free way to save if you want to save for something special, or just put money away as part of your financial plans. You’ll have instant access to your cash and you can save in the way that suits you best.
You can open and manage your account face to face in a branch or by post
Why choose a Cash ISA?
Tax-free returns to help your savings grow
Instant access to your money
Add to the account whenever you like during the tax year
You can transfer money in from other Cash and Stocks and Shares ISAs
Open with £100 and save up to £20,000 each tax year
An ISA is a great, tax free way to save if you want to save for something special, or just put money away as part of your financial plans. You’ll have instant access to your cash and you can save in the way that suits you best.
You can open and manage your account face to face in a branch or by post
Why choose a Cash ISA?
Tax-free returns to help your savings grow
Instant access to your money
Add to the account whenever you like during the tax year
You can transfer money in from other Cash and Stocks and Shares ISAs
Open with £100 and save up to £20,000 each tax year
How do I apply?
Call us on 0333 207 4007
Lines open 9-5 Mon to Fri (10-5 Wed). Calls may be recorded and/or monitored.
You can also visit in branch if you’d prefer.
Tax-free returns to help your money grow quicker
Instant access to your money
You can transfer money in from other Cash ISAs and Stocks and Shares ISAs
Tax Year Account Opened/Funds Deposited Tax-free/AER variable
2021/22 0.70%
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
Interest is paid tax-free on 31 March each year, as long as the account continues to satisfy the ISA regulations. Interest is usually added to the account, but it can be paid to a bank account or another account with Scottish Building Society if you’d like.
The interest rate is variable and can change as outlined in section 8 of our Online Savings Terms & Conditions.
If the rate increases, we’ll write to you by letter or email and also update our website. If the rate goes down, we’ll write to you 14 days before the change.
After 12 months the estimated balance would be £1,007.
This estimate is just for illustrative purposes and doesn’t take into account any deposits or withdrawals you might make,
You can open a Cash ISA if you're aged 16 or over and resident in the UK for tax purposes. The minimum opening balance is £100.
We apologise
Due to the current high demand for this product, we are not accepting any new applications at this time. Please check the website regularly for updates
Interest is calculated from the day after you deposit your cash or cheque until the date of withdrawal. The amount of interest is calculated on the daily balance.
Interest will be added to your account on 31 March each year. Or, if you prefer, the interest can be transferred to another Scottish Building Society account or paid to your bank.
Whatever your personal tax status, you won’t have to pay income tax on the interest earned on your Cash ISA under current regulations, provided that you keep to the annual subscription limits and other rules of operation laid down by HM Revenue & Customs. You don’t need to mention your Cash ISA on any tax return you fill in.
Yes. You can make unlimited withdrawals online to a nominated bank account without notice, penalties or charges. Any withdrawals you make won’t alter the tax-free status of your account.
You can make withdrawals in one of our branches too. You’ll need to bring proof of ID with you (for example, a valid Passport) and your signature (for example, a valid driving license).
Your ISA savings will be included in your estate for inheritance tax purposes. However, any accrued ISA savings can be passed to your spouse or civil partner upon death, allowing the surviving spouse or civil partner to continue receiving the tax benefits. Please contact us for more details.
You can open a Cash ISA in or and post it to us with your initial deposit cheque and proof of ID.
It’s best to use a recorded mail service if you send original documents to us.
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