Open an account
To open an account you must be a UK resident aged 18 or over. Please note: this account can only be opened as a sole account.
You can open an account:
- Online
- In branch
- By post.
How much can I deposit?
The minimum deposit is £5,000, but if you’re transferring in previous tax years’ ISA allowances only – then the minimum deposit is just £1.
The maximum deposit if you are using your annual ISA allowance is £20,000 per tax year. But if you’re transferring in ISAs from previous tax years’ ISA allowances, the maximum balance is £1,000,000.
The maximum account balance is £1,000,000.
You’ve got 30 days from when we open your account to pay in the minimum deposit. You can do this in one lump sum or through multiple payments up to the maximum amounts above. If after 30 days you haven’t met the minimum deposit, we’ll close the account and return any funds to you. No further deposits are allowed after 30 days from account opening.
How do I pay into this account?
If you’re using your annual ISA allowance
You can pay your initial deposit(s) into this account by cash, cheque or transfer from another account held with us or another provider. You can also pay cheques in at the Post Office®.
If you’re transferring an existing cash ISA you have (with us or elsewhere) to this account
You can do this by providing us with a completed Cash ISA Transfer Authority Form. You’ll receive the form with your welcome letter so just complete it, return it to us and we’ll arrange the transfer on your behalf.
You must not withdraw the funds yourself to transfer to this account as they will lose their tax-free status.
How do I manage this account and get in contact?
You can contact us, and manage this account:
- Online
- Over the phone
- In branch
- By post.