Cash ISA accounts
We offer many of our savings accounts as ISAs, too. Invest up to £20,000 this tax year, and you won’t pay tax on any income you receive. We currently offer an Easy Cash ISA Account and Fixed Rate Cash ISA Bonds over 1, 2, 3 or 5 years, so you can choose an account that suits you.
Cash ISAs can accept up to £20,000 in total in the current tax year, 2019/20. Remember you can split your total £20,000 into cash ISAs (such as our savings accounts) and stocks and shares ISAs, and it can be invested with different providers as long as the total doesn’t exceed the limit.
You can transfer other ISA balances into your new Shawbrook ISA, up to the maximum account balance for your product. If these balances are from previous tax years, they don’t count towards the £20,000 limit in the current tax year.
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 or visit www.fscs.org.uk