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Want to save tax free and be able to access your money easily? Open this cash ISA with as little as £1.
1.15% AER/tax free on balances from £1 - £9,999.
1.25% AER/tax free on balances from £10,000 - £49,999.
1.60% AER/tax free on balances of £50,000 or more.
The interest rate is variable. Interest is paid 12 months after you open the account. The rate applies to the full balance.
Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF, 182KB) explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.
For example, if you deposit £1000.00 when you open the account, the balance after 12 months will be £1011.50.
If you deposit £10000.00 when you open the account, the balance after 12 months will be £10125.00.
If you deposit £50000.00 when you open the account, the balance after 12 months will be £50800.00.
This assumes:
Yes. You can make as many withdrawals as you like from this account and there are no charges for doing so.
This is a flexible ISA. This means if you make a withdrawal, you can pay that money back into this account before the end of the tax year and not affect the amount you can save in your cash ISA tax free.
Any money you move to an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in the future.
After 12 months the account will change to an ISA Saver. Before this happens, we'll contact you to explain your options and next steps.
Tax free means you will not pay income tax on your interest.
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our savings glossary.
If you’d prefer to speak to someone, give us a call or visit your nearest branch.
If you have got a Bank of Scotland easy access cash ISA, you can renew it into an Access Cash ISA without the need to open a new account.