Cash ISA or stocks and shares ISA?
If you have some money to put away and don’t want to pay tax on the returns you receive then an ISA could be for you. Choose from a cash ISA where you save in a secure deposit account, and/or a Stocks & shares ISA where you invest on the stock market in unit trusts.
Cash ISA
- Deposit-based savings with The Co-operative Bank.
- Earn tax-free interest on your savings.
- Save up to £3,600 per tax year
- No notice periods - get your money whenever you need it(minimum withdrawal of £10).
- Our current interest rate is 0.50% AER*.
- Run your account by phone, branch, or online 24/7.
- Quick setup
- Easy to pay money in.
- Start saving from as little as £1.
Stocks and shares ISA
- Unit Trust investments from The Co-operative Investments.
- Reduced initial charge of 1.5% (only for new lump sum investors applying online).
- Medium to long term investing.
- Save up to £7,200 per year in a unit trust ISA (less any amount invested in a cash ISA).
- Invest from a lump sum of £1,000 or £50 each month
- With our range of unit trusts you can invest in a fund which suits your attitude to risk.
Quick links
*AER means the Annual Equivalent Rate and illustrates the contractual rate of interest as if paid and compounded each year.
