Internet Only Cash ISA

Internet Only Cash ISA is a fixed term deposit account that adds a competitive rate of interest to the advantages of tax-free saving.


You decide how long you want invest your money for and get a rate to match.

This information is based on how we understand tax rules now, they may change in the future.

Apply for an Internet Only Cash ISA online now. If you have any problems doing so, contact our helpdesk by email or telephone and we'll help you to fill out the form.


Before completing the application form it is important that you read the terms and conditions below.

Apply online

 

Download Adobe Acrobat Reader for freeGet Adobe Reader

Adobe access tools

Facts at a glance

  • Available online only with our free Internet Banking service
  • You get a choice of a fixed interest rate for 1, 2, or 3 years
  • You need a minimum of £3,600 to open an Internet Only Cash ISA
  • The maximum you can pay into your Internet Only Cash ISA in a tax year is £3,600 however you can transfer in ISAs from other tax years at the same time to benefit from a fixed interest rate too. Once you’ve made your initial investment, you can’t top it up
  • Under ISA regulations interest is tax-free, we pay you interest annually at the end of the tax year
  • You can take some of the money out before the fixed term finishes but if you do there’s an interest penalty charge. Remember also that if you take money out in the same tax year it was paid in you can’t put it back in again. For more about this read the full terms & conditions
  • At the end of the term of your Internet Only Cash ISA, your interest goes back to being variable, but your money stays tax free within an ISA
  • As ISA allowances are personal you must open an account on your own. You also need to be over 16 and live in the UK to open an Internet Only Cash ISA


Consider it if...

  • You want a guaranteed fixed interest rate
  • You want to invest your savings for either 1, 2, or 3 years
  • You don’t need access to your money for at least a year
  • You want to save your £3,600 annual ISA allowance, with or without the proceeds of your ISAs from previous tax years

Don't consider it if...

  • You might need your money before the end of the fixed term
  • You’ve already used your tax free (ISA) allowance for this tax year