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Tax efficient savings
What is an ISA?
An ISA is simply a savings account and stands for Individual Savings Account. An ISA lets you pay little or no tax on your savings interest or investments earnings. There are two main types of ISA available:
- Cash ISAs which are classed as tax free. Tax free means that interest payable is exempt from UK tax.
- Stocks and shares ISAs which are classed as tax efficient. These are higher in risk and should be considered as being for the longer term (i.e. at least 5 years).
View our ISA video opposite, view the video transcript, or Find out more in our ISA Guide
| Account name | Interest rate | Manage account | Transfers in allowed | Withdrawals | |
|---|---|---|---|---|---|
| Instant Access Cash ISA | |||||
| For customers who want instant access to their savings. | 0.55% AER variable on balances of £1-£8,999. 2.00% AER variable on balances over £50,000. | Online Branch Phone |  | Unlimited | Find out more |
| Fixed Rate ISA | |||||
| Apply between 1st Feb - 29th Feb 2012 Cash ISA with a fixed rate of interest from 4th January 2012 for the term of the account. Limited offer May be withdrawn at any time. | Minimum investment amount £1,000
NEW preferential interest rates if you transfer your cash ISA from another provider to RBS (excluding NatWest & RBS). 1 year term 3.35% AER 2 year term 3.90% AER 3 year term 4.20% AER Standard Interest Rates 1 year term 2.60% AER 2 year term 3.50% AER 3 year term 3.80% AER | Online Branch Phone | | By closure only - an interest charge will apply | Find out more |
| Fixed Rate ISA notes: Please ensure:
| |||||
Looking for the Cash ISA Plus Rate?
We no longer offer the Cash ISA Plus, but you can still check the rate on your existing account.
Investment ISA
Looking to invest? Then why pay more tax than you have to? Choose from a range of options and use your ISA allowance, to invest up to £10,200 this tax year.