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Cash ISAs

Protect your savings from the taxman with our range of Cash ISAs – all of the interest is tax free and doesn’t count towards your Personal Savings Allowance.
Financial Services Compensation Scheme Winner - Best Cash ISA Provider, Moneynet 2017 Personal Finance Awards

Whether you’re looking for a fixed rate, a notice account or saving for your first home, we have an account to suit you. And you can split your ISA allowance between any of our Cash ISA products to maximise your tax free savings.

Our Cash ISAs

Personal Savings

Fixed Rate Cash ISAs

  • 4.6/5 (2265 reviews)

Nothing beats knowing your savings are protected. Our Fixed Rate Cash ISAs give you a great return thanks to our guaranteed interest rate. All of the interest is tax free – it doesn’t count towards your Personal Savings Allowance – and our Cash ISAs are flexible too

Up to 1.25% AER*

Personal Savings

Notice Cash ISAs

  • 3.9/5 (14 reviews)

With our Notice Cash ISA, you get a great interest rate while you build up your savings. You can still access your money if you need it and can make as many withdrawals as you like. All of the interest is tax free – it doesn’t count towards your Personal Savings Allowance – and our Cash ISAs are flexible too.

Up to 0.80% AER*

Personal Savings

Easy Access Help to Buy: ISA

  • 4.5/5 (10 reviews)

Take the first step towards owning your first home with our Help to Buy: ISA. Get a great rate and benefit from a Government bonus when you complete on the purchase of your property

Up to 1.75% AER*

What is an ISA?

An ISA, or individual savings account, is a savings account where all of the interest earned is tax free and doesn’t form part of  your Personal Savings Allowance. 

At the start of each new tax year (6 April), every UK adult receives an ISA allowance. For the 2017/2018 tax year, this allowance is £20,000. You can save the whole allowance in cash, in stocks and shares, in an innovative finance ISA, in a Lifetime ISA or in any combination of these permitted ISA types. Aldermore offers Cash ISAs only.

If you don’t use your allowance during the tax year, it will be lost – it can’t be rolled over to the next tax year. By making sure that you use your ISA allowance each year, your pot of tax free savings can continue to build year on year.

Transferring an ISA

If you want to switch your ISA between providers, for example to take advantage of better interest rates, you should transfer it rather than withdraw your money, otherwise the tax free status of that money will be lost. You can transfer part of your previous tax years ISA savings if you don’t want to transfer it all, but your ISA for the current tax year must be transferred in full.

When you open your Aldermore Cash ISA online, you’ll need to give your instructions for the transfer as part of the account opening process. For Cash ISA transfers we’ll process the transfer electronically where we can, but if you’re transferring a Stocks and Shares ISA or if your current provider can’t process the transfer electronically a separate ISA transfer form may be required. Transfers of Cash ISAs between providers should be completed within a maximum of 15 business days, although we aim to complete these earlier where we can. Transfers of Stocks and Shares ISAs should be completed within 30 business days.

Flexible ISAs

Our Cash ISAs are flexible. This means that you can withdraw money from the current tax year or previous tax years if you need to. You can replace the money you’ve withdrawn without the replacement counting towards your annual ISA subscription limit, providing you replace the funds in the same tax year you withdraw them.

 

Making the most of your ISA allowance

You can split your annual ISA allowance between any of our Cash ISA products, to maximise your tax free returns. So if you don’t have your full allowance available now, you can open a Cash ISA using part of it, and then when any additional funds become available you can open a further product or products with the rest. Or if you do have your full allowance available and you think you may need access to some of your savings, you can open a Fixed Rate Cash ISA with the money you are able to lock away, as well as a Notice Cash ISA to give you penalty free access in case it’s needed.