Cash ISA
Giving you tax-free* saving
- Minimum deposit £1 – maximum deposit £3600^ per tax year†
- No tax on your interest
- Saving for the long term – risk free††
- Make withdrawals** at anytime, subject to a minimum of £10
- All returns from your ISA will be free of both Income and Capital Gains Tax. This is based on current ISA rules. These rules are subject to change
- Money isn't the only thing that you'll be saving - we are the only UK high street bank with a customer-led Ethical Policy. View our current interest rates.
Important information for non-UK mainland residents
Further information
How do I take money out?
- online transfer
- electronic transfer over phone
- cheque by telephone banking
- over the counter.
How do I pay money in?
- standing order
- direct transfer from another Co-operative Bank account or another bank account
- at any Co-operative Bank branch
- by sending a cheque through the post
- by cheque at any Post Office™ branch.
Please read...
(These will open in new windows)
- Terms and Conditions (PDF - 0.4Mb)
- Key Features (PDF - 0.1Mb)
- Summary box (PDF - 0.1Mb)
††The Co-operative Bank is a member of the Financial Services Compensation Scheme (FSCS), which would pay compensation to eligible customers in the unlikely event of the Bank becoming insolvent. Find out more.
Gross rate means the contractual rate of interest paid before deduction of income tax at the rate specified by law.
Net is the rate of interest that would be payable after allowing for the deduction of income tax at the rate specified by law.
AER means the Annual Equivalent Rate and illustrates the contractual rate of interest as if paid and compounded each year.
*Provided you stay within HM Revenue & Customs guidelines.
†From 6 April 2009 to 5 April 2010.
Remember, you can subscribe to a Co-operative Bank Cash ISA so long as you have not subscribed to another Cash ISA with another provider in the current tax year. To find out how you can make the most of your tax-efficient savings, you need to make sure you understand ISAs.
Interest is applied annually on 5th April. Any rate change will be effected within 1 month of the Bank of England Base Rate changing.
**Once you have reached the tax year subscription limit, you may make no further deposits in that tax year regardless of any withdrawals.
Any reference to tax is based on our understanding of current legislation, which is subject to change and depends on your individual financial circumstances.
^ If you were born on or before 5th April 1960, increased ISA limits apply from 6th October 2009. You can invest up to £5,100 each tax year in a Cash ISA and your overall annual ISA investment allowance is £10,200. These higher limits will apply to all eligible ISA investors with effect from 6th April 2010.
