A cash ISA (Individual Savings Account) is a tax-free savings account. That means you won’t pay tax on the interest you earn. Compare our range of accounts and find the best cash ISA that suits your needs.
You can pay up to £20,000 into a cash ISA in the tax year of 2023/24. Whether you’d like easy access or a fixed rate ISA, it’s important to find the right option for you.
At Shawbrook, we prefer to keep our approach to savings as straightforward as possible. That’s why you can rest assured we'll always be upfront about everything you need to know.
Visit our guide to learn more about cash ISAs.
Our cash ISA rates depend on the type of ISA you choose. If you’re a saver who can put aside your money for a set time, a fixed rate ISA could be the right option for you. To compare our ISA interest rates, scroll down to view our product table.
Access your personal savings and earn interest without locking your money away.
Invest for the timeframe that suits you with various fixed terms available, ranging from 1 year to 7 years.
| Easy Access Cash ISA Account Issue 26 Summary PDF | ||||
|---|---|---|---|---|
|
AER
4.70%
Variable / Tax-Free
|
Gross
4.70% Annually
4.60% Monthly
|
Min Balance
£1,000
|
Max Balance
£250,000
|
| 1 Year Fixed Rate Cash ISA Bond Issue 85 Summary PDF | ||||
|---|---|---|---|---|
|
AER
4.65%
Fixed / Tax-Free
|
Gross
4.65% Annually
4.55% Monthly
|
Min Balance
£1,000
|
Max Balance
£250,000
|
| 2 Year Fixed Rate Cash ISA Bond Issue 77 Summary PDF | ||||
|---|---|---|---|---|
|
AER
4.90%
Fixed / Tax-Free
|
Gross
4.90% Annually
4.79% Monthly
|
Min Balance
£1,000
|
Max Balance
£250,000
|
| 3 Year Fixed Rate Cash ISA Bond Issue 51 Summary PDF | ||||
|---|---|---|---|---|
|
AER
4.85%
Fixed / Tax-Free
|
Gross
4.85% Annually
4.75% Monthly
|
Min Balance
£1,000
|
Max Balance
£250,000
|
| 5 Year Fixed Rate Cash ISA Bond Issue 43 Summary PDF | ||||
|---|---|---|---|---|
|
AER
4.60%
Fixed / Tax-Free
|
Gross
4.60% Annually
4.51% Monthly
|
Min Balance
£1,000
|
Max Balance
£250,000
|
| 7 Year Fixed Rate Cash ISA Bond Issue 18 Summary PDF | ||||
|---|---|---|---|---|
|
AER
4.50%
Fixed / Tax-Free
|
Gross
4.50% Annually
4.41% Monthly
|
Min Balance
£1,000
|
Max Balance
£250,000
|
AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded each year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
GROSS is the interest rate without the deduction of income tax. This is the interest rate paid on your account.
Your eligible deposits with Shawbrook Bank Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information visit www.fscs.org.uk
It’s important you have all the details before you open an account. You can find more information about specific cash ISAs by clicking through on the comparison table above. If you open an account and change your mind, we offer a 14 day cooling off period where you can close it without losing interest or incurring penalties.
You can also find useful information below about our ISA accounts.
You can open an ISA with us if:
You can only open and subscribe to one cash ISA account in any given tax year. You cannot open a cash ISA acting on behalf of an account holder with power of attorney, guardianship or an intervention order.
You can continue to fund your ISA as long as you have a remaining ISA allowance for the current tax year.
Transferring an ISA to a new Shawbrook ISA
To transfer an existing Cash ISA account from another provider across to Shawbrook, you should complete an application for a new Cash ISA. As part of your application process we will capture the details of your current Cash ISA. We will then work with your existing Cash ISA provider to complete the transfer for you.
Transferring an ISA to an existing Shawbrook account
To transfer in an ISA to an existing Shawbrook account, get in touch by secure message from your customer portal and we will work with you to complete the transfer
Transferring from one Shawbrook ISA to another
To transfer your Shawbrook ISA to another Shawbrook ISA you just need to let us know with a secure message from your customer portal and we will complete the transfer.
Please note, if you simply withdraw money from a cash ISA account you cannot deposit funds back into your account if the deposit amount means you exceed the maximum annual subscription allowance, and you will lose your tax free status ISA benefits.
All of our cash ISAs allow withdrawals. However, any money you withdraw will lose its ISA status, and it can’t be replaced. This means that if you’ve already used your full ISA allowance, then withdrawn the money, you wouldn’t be able to add that money back into your ISA this year.
You won't be charged a fee if you withdraw money from your easy access cash ISA. There are no limits to the number of withdrawals you can make with an easy access cash ISA, but the account is subject to a minimum withdrawal amount of £500.
With our fixed cash ISAs, partial withdrawals or account closures made before the end of the fixed term are subject to a fee (also known as the early exit charge).
The amount will depend on the product you take. You’ll be able to find out what this charge is in the product summary for the product you’re interested in. If you’re already a customer, you’ll find it in the product information we sent to you when you opened your account.
All Shawbrook Bank ISAs are protected by the Financial Services Compensation Scheme (FSCS). The FSCS will guarantee your ISA savings up to £85,000 per eligible person.