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.
- LIMITED DISCOUNT OFFER on the initial charge (for lump sum online investors only).
- 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.
The Britannia Fixed Rate ISA
As a result of our recent merger with Britannia, there are now more great ways for our customers to save and we are pleased to offer you a Britannia Fixed Rate Cash ISA.
Quick links
*AER means the Annual Equivalent Rate and illustrates the contractual rate of interest as if paid and compounded each year.
^ 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.
