National Savings Cash ISA
Maximise your savings with a National Savings Cash ISA
A National Savings Cash ISA can be a great way to build up your savings without paying tax on them or on the interest they accrue. A Cash ISA, or Individual Savings Account, from National Savings and Investment (NS&I) is a government-based account, backed by HM Treasury, ensuring a safe place for your money. NS&I offer two types of Cash ISAs:
Direct ISA
- Variable competitive interest rate
- Minimum opening deposit of £1,000 and further deposits of £250 (or £100 by standing order)
- Maximum deposit of £3,600 per tax year
- Make deposits by phone, online, standing order or electronic transfer
- Withdrawals can be made online or by phone (minimum £250)
Cash ISA
- Variable interest rate, less competitive than a Direct ISA
- Minimum opening and further deposit of £10
- Maximum deposit of £3,600 per tax year
- Make deposits by phone, standing order, electronic transfer, by cheque through the post or with cash at a Post Office
- Request withdrawals by phone, or warrant by post (like a cheque)
Find the best ISA for you by using the table below to compare accounts from a number of providers and see if a National Savings Cash ISA could be the right one for your circumstances.
Alternatively click on ISA advertising links below:
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Please bear in mind that:
Investment ISAs are designed as medium to long term investments, for example at least five years.
The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
If you choose an index-tracking trust which invests overseas, exchange rate variations may cause the value of your investment to increase or decrease.
If you unsure what Investment ISA plan is right for you speak to an independent investment adviser.