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ISAs explained
Learn about the tax-free saving option
ISAs explained
Learn about the tax-free* saving option
Why choose an ISA?
Saving with us is about more than just money. It’s about investing in your future happiness.
ISAs offer a great, tax-free way to save and on this page, you’ll find lots of information to help you understand how they work and how to make the most of them. Whether you’re opening an ISA for your child, starting fresh or reviewing your options this tax year.
Download our helpful guide, test your knowledge in our quick quiz or watch our videos that answer your FAQs about ISAs.
You can also discover more about the annual ISA allowance. This is set by the government and applies each tax year – starting from 6 April and ending 12 months later on 5 April. Read our make the most of allowances blog to find out more.
When you're ready, you can choose from our range of cash ISAs** with different features to suit your sunny day savings' needs.
Making sense of ISAs
Learn more about ISAs with our handy guide. It’s time for your feel-good fund to take flight.
Making sense of ISA transfers
Learn how to safely transfer your sunny day savings.
Making sense of ISA transfers
Learn how to safely transfer your sunny day savings.
Just as your savings goals change, so can your ISA. What’s good to note is that you can transfer well earned money into savings that work harder for you.
What is an ISA transfer? When your money is moved from one ISA product to another and keeps its tax-free benefit.
But how does it work? It picks up your ISA savings and puts them into a new ISA account!
Before you do a transfer, you should find a new ISA you’d like to transfer to. You can then contact your new ISA provider to start the process.
Do I still earn interest while my ISA is transferring? If you do an ISA transfer to us, we pay interest from the day we get your funds from your other provider. If it’s a manual transfer, we’ll add your money from the date on the cheque and pay interest from this date. So your savings never miss out on that added sunshine.
Just as your savings goals change, so can your ISA. What’s good to note is that you can transfer well earned money into savings that work harder for you.
What is an ISA transfer? When your money is moved from one ISA product to another and keeps its tax-free benefit.
But how does it work? It picks up your ISA savings and puts them into a new ISA account!
Before you do a transfer, you should find a new ISA you’d like to transfer to. You can then contact your new ISA provider to start the process.
Do I still earn interest while my ISA is transferring? If you do an ISA transfer to us, we pay interest from the day we get your funds from your other provider. If it’s a manual transfer, we’ll add your money from the date on the cheque and pay interest from this date. So your savings never miss out on that added sunshine.
Making sense of ISA transfers
Learn how to safely transfer your sunny day savings.
Take a look at our blogs and try out our ISA quiz
Easy Access ISA (12)
2.00
(Variable)
Tax free - Interest which is paid that is exempt from tax.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
A fixed rate doesn't change. A variable rate can go up or down.
The rate shown is based on interest being paid annually.
Take money out whenever you wish with no charge. The interest is variable, so it can go up or down at any time. This is a flexible ISA**.
We calculate the interest daily and pay it annually, on the anniversary of the date you opened the account, or monthly, at the end of the last day of each month.
Junior Cash ISA (2)
3.75
(Variable)
Tax free - Interest which is paid that is exempt from tax.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
A fixed rate doesn't change. A variable rate can go up or down.
The rate shown is based on interest being paid annually.
The child can only access the money when they reach 18. However, you can move the money to another Junior ISA provider anytime with an ISA transfer. If you decide to transfer the money out, you must move all of it**.
This rate is based on interest paid annually.
*Tax treatment depends on individual circumstances and may be subject to change.
**Ts&Cs and eligibility criteria apply
It’s boring when it’s pouring…
It’s boring when it’s pouring…
