Easy Access Accounts

Your Isas are not locked away. You can withdraw your Isas either instantly or within a few days.

Notice Accounts

Your money can only be withdrawn if you provide the required notice period, for the account, before the withdrawal. Sometimes, Isas can be accessed immediately subject to a withdrawal penalty.

Bonds or Term Accounts

These accounts require you to invest your Isas for a specific period of time. Rates can be competetive, but withdrawals before the maturity date are often not permitted. These accounts are not suitable for Isas that may be required at short notice.

Regular Saver Accounts

These accounts require a commitment to invest each month. Many regular saver accounts will not permit lump sum investments.

Investment Amount

Lump sum (or monthly amount to be invested into a Regular Saver). Please note, if you plan to open a Cash ISA you are limited to £3,600 in any one year

TESSA Only ISA Vs CASH ISA

TESSA-Only ISA

You can also open a TESSA-Only ISA using the capital (but not the interest) from your maturing TESSA. You can invest up to a maximum of £9,000 in a TESSA-Only ISA. It must be opened within 6 months of the TESSA maturing.

Cash ISA

The maximum investment in a cash ISA is £3,000 in one tax year. Only one cash ISA permitted in each tax year.