Easy access or fixed rate on your ISA account – it’s up to you. 

A cash ISA (Individual Savings Account) is a tax-free savings account. That means you won’t pay tax on the interest you earn. You can pay up to £20,000 into a cash ISA each tax year. And you can choose from easy access or a range of fixed rate ISAs.

Why Shawbrook?

Here are just a few reasons why...

  • Award-winning products
  • Consistently competitive rates
  • FSCS Protected up to £85,000
  • Receive your interest monthly or yearly

  

Why this product could be for you?

Our cash ISA rates depend on the type of ISA you choose.

  • Save tax-free up to £20,000 per tax year
  • Get flexibility with easy access or certainty with a fixed rate
  • Apply to open an account with as little as £1,000
  • Apply online within minutes

Read our ISAs Explained guide for help with ISAs

Our Cash ISAs

1 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

1 year

5.01%

Fixed/Tax-Free

Gross AER

Easy Access Cash ISA

An individual savings account that offers a tax-efficient way to save and unlimited withdrawals.

Term

Unlimited

4.70%

Variable/Tax-Free

Gross AER

2 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

2 years

4.35%

Fixed/Tax-Free

Gross AER

3 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

3 years

4.05%

Fixed/Tax-Free

Gross AER

5 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

5 years

3.70%

Fixed/Tax-Free

Gross AER

7 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

7 years

3.60%

Fixed/Tax-Free

Gross AER

Terms explained
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. Terms & Conditions for Personal Accounts

Financial Services Compensation Scheme (FSCS)
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. Joint accounts are protected up to £170,000. Any deposits you hold above the limit are unlikely to be covered. For further information visit www.fscs.org.uk

Explore our other products

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Savings accounts

At Shawbrook, it’s all about saving smarter, not harder.

We have a range of savings accounts to suit your needs. Consistently great rates, award-winning products and FSCS protected.

Fixed rate savings accounts

Find a fixed rate savings account with a term that suits your needs.

Benefit from a guaranteed interest rate with terms ranging from 9 months to 7 years.

Easy Access accounts

Discover Easy Access savings with a competitive rate.

Withdraw your money whenever you need it – open as a sole or joint account.

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Notice savings accounts

Open a Notice savings account with as little as £1,000.

Enjoy more flexibility than a fixed rate bond and choose a 45 or 120-day notice period.

Help

Below are some of the most common queries about our savings accounts. 

You can open an ISA with us if:

• You’re at least 18 years old
• You’re a permanent UK resident, and only subject to UK tax
• Your cash ISA will be in your name only (we don’t offer joint ISAs)

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.

We can help you transfer your ISA to a Shawbrook ISA.

 

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 electronic and non-electronic transfers for Cash ISAs should be completed within 15 business days. Any transfers from a Stocks and Shares ISA should be completed in 30 business days. Some transfers can be complex, which could take a little longer.

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.

Need more help?

We have a range of information to help you understand savings including how our products work, operating your account and getting in touch with our team. 

Award-winning Savings

Make sense of savings

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Insights

What are the benefits of a cash ISA?

Wondering if it’s worth having a cash ISA? We explore the pros and cons of Individual Savings Accounts. This guide will help you decide if it’s right for you.

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Help

Depositing & withdrawing from your account

Find out how to make a deposit and withdrawal from your savings account.

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Help

Getting your documents

Help on accessing your documents. 

Savings accounts for your business

Make your cash work as hard as you do. If your business is in the enviable position of having some spare cash to hand - even if it’s for a finite period of time - it makes sense to get it working for you. At Shawbrook we have a range of solutions designed to suit the needs of your business.