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Important update
    Changes to the Bank of England Base Rate

    The Bank of England decreased Base Rate from 4.50% to 4.25% on Thursday 8th May 2025. Following this announcement, we will be reviewing how this impacts our current savings interest rates and this may mean we need to change your variable interest rate if this is applicable to your product. If we do, we will be in touch to let you know and provide you with your options.

    What is a Cash ISA?

    A Cash ISA (Individual Savings Account) is a cash-only, tax-free savings account. It operates in a similar way to a standard savings account. However, there are a few key differences:


    You don’t pay any tax on the interest you earn.

    Interest on ISAs is paid tax-free. Tax treatment is dependent on individual circumstances, which may be subject to change in the future.


    There is a limit to the amount you can deposit each year.

    Your annual ISA allowance is the maximum amount you can deposit into an ISA each tax year. For the current tax year, the maximum you can deposit is £20,000.

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