Easy Access Cash ISA Issue 27
4.50%
Variable/Tax-Free
Gross AER
Gross
4.50% annually
4.41% monthly
Min balance
£1,000
Max balance
£250,000
Enjoy tax-free savings and next working day access to your money
Good for you if
- you might need to make withdrawals
- you want the tax benefits of an ISA
Consider something else if
- you want a fixed rate
- you can leave your savings untouched
- you want to save with someone else
Features and benefits
Tax-free savings
Save up to £20,000 every tax year without paying tax on it. If you have cash ISAs or stocks and shares ISAs elsewhere, you can transfer them to this account and keep your tax-free status.
Unlimited withdrawals
Take out money whenever you like, as long as the amount is at least £500. You'll receive your money within one working day if you withdraw before 9:30pm.
Low opening balance
You can open this account with as little as £1,000. Save up to £20,000 each tax year to a maximum of £250,000.
Important Documents
Apply Now
It’s simple, choose whether you want to receive your interest monthly or yearly, and complete our short application form.
Additional Information
Can Shawbrook change the interest rate?
Yes. The interest rate is variable, which means we can change it up or down at any time. If your balance drops below £1,000 your rate will change to 0.25% gross/AER (variable).
How do I open and manage the account?
You can only open this account online. You can manage the account online or by phone. This account cannot be opened by power of attorney, guardianship or intervention order holders acting for an account holder.
To open an account you must be 18 years of age or over and a permanent UK resident and only liable for UK tax. A Cash ISA can only be held in the name of one person, joint accounts are not permitted. You can only open and operate one Cash ISA account with Shawbrook Bank in any single tax year. If you change your mind, you have 14 days from the date the account opens to cancel it. We'll return your money to your linked account without charge.
Can I withdraw my money?
Yes. You can make unlimited withdrawals at any time. Withdrawals made before 9:30pm will appear in your account by the end of the next working day. Please note, if you choose to withdraw money, you may not be able to re-deposit withdrawn funds if the redeposit amount takes you above the maximum limit for that specific tax year.
Are my deposits protected?
Eligible deposits are protected up to a total of £85,000 per person by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. If you have a joint account, you'll be protected for £85,000 each. This means that up to £170,000 could be protected in your joint account.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Opening deposit
£1,000
Balance after 12 months
£1,045
This illustrative example assumes no withdrawals, no changes to the variable interest rate over the period and interest is paid and compounded annually on a cleared deposit. Interest is rounded to the nearest pound. The illustrative example does not take into account the individual circumstances of a customer.
Apply Now
Earn tax-free interest without locking your money away. Simply choose whether you want to receive your interest monthly or year and complete our short application form.
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