Close

Easy Access Help to Buy: ISA

If you’re a first time buyer, you can save up to £1,200 in the first calendar month, then up to £200 each calendar month thereafter, towards the deposit on your first home, and the government will boost your savings by 25% when you buy.

Five Time Winner – ISA Provider of the Year Five Time Winner – ISA Provider of the Year
Consumer Moneyfacts Awards 2011-15

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 purchase your property

And when you’re ready to purchase your first home, we’ve a range of mortgages to meet your needs

Easy Access Help to Buy: ISA

Term
Gross Annual Interest
Gross Monthly Interest
AER*
Open an Account
Term
n/a
Gross Annual Interest
2.00%
Gross Monthly Interest
1.98%
AER^
2.00%
Open an account

How the Business Savings Rate Checker works

Simply search for the type of account you have using the form below, enter your balance and in a matter of seconds we’ll give you your rate.
Once you have clicked on the 'Check your results' button, just scroll down to see your rate. It’s as easy as that.

We'll present you with the rate of interest you’re being paid along with an indicative balance including interest after 12 months.

*Required field

Please enter your bank or building society name.

 

Please enter the type of business savings account you have e.g. Fixed Rate

 
£

Please enter the business savings balance you wish to check

 

If you are unsure of your account name you will need to check with your current provider

 
  • All interest tax-free - income from Cash ISAs doesn’t count towards your Personal Savings Allowance, so all of the interest is tax-free 
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • ISA flexibility does not apply to the Help to Buy: ISA – but as an ISA portfolio provider, you can replace any withdrawn money by  opening another of our Cash ISA products in the same tax year that you made the withdrawal, or by paying the money into another Cash ISA already held with us that allows additional deposits.
  • Kickstart your savings - in the month in which we receive your opening deposit, you can make a maximum deposit of £1,200 (£1,000 opening deposit and £200 first  calendar month subscription).  For each calendar month thereafter, a maximum deposit of £200 applies
  • Government bonus – the Government will give you a bonus of 25% when you purchase your property, provided your Help to Buy: ISA has a balance of at least £1,600. The bonus on £1,600 would be £400. The maximum bonus you could receive is £3,000, if your Help to Buy: ISA has a balance of at least £12,000 when you close it to purchase your property
  • Reassurance – in addition to the Government bonus, which is paid when you close your Help to Buy: ISA, you will also receive interest on our Easy Access Help to Buy: ISA at the variable rate shown above. This rate is guaranteed to be at least 0.50% above Base Rate** until 31 December 2017
  • Maximise your ISA allowance – as we are a portfolio provider, you can split your allowance between any of our Cash ISA products. This allows you to subscribe to a Help to Buy: ISA and another Cash ISA product with us in the same tax year so that you can use your full allowance. You can also easily transfer in ISAs from other providers, subject to the limits shown above
  • Unlimited withdrawals – access your money whenever you need it, without restriction or loss of interest, however the bonus you receive will be based on your closing balance
  • Easy to manage - do it online, by phone or by post
  • All of the interest earned on Cash ISAs is tax free and doesn’t count towards your Personal Savings Allowance
  • You’ll need to provide us with details of a UK personal bank or building society account to link to your Aldermore account. You should be named as an account holder on this account and the account should accept Faster Payments, CHAPS and BACS. To help us keep your money safe and protect against fraud, we’ll only accept deposits from this account and we’ll always send money back to this account, for example when making payments of interest or when you make withdrawals. Payments to us from any other account will not be accepted and will be returned, except where these are received by transfer from another ISA provider
  • There are specific eligibility criteria and rules for the Help to Buy: ISA scheme. Please make sure that you have read these at www.helptobuy.gov.uk/isa, along with our Personal Savings Terms and Conditions and the Help to Buy: ISA Terms and Conditions, before you open your account  
  • Your annual tax free allowance for the 2016/2017 tax year is £15,240. You can save the whole allowance in cash, in stocks and shares, in an innovative finance ISA (from 6 April 2016) or in any combination of these ISAs.
  • As the Help to Buy: ISA is a Cash ISA, you can’t deposit into a Help to Buy: ISA and another Cash ISA with different ISA providers in the same tax year. You can however deposit into a Help to Buy: ISA and another Cash ISA with the same ISA provider if that provider is an ISA portfolio provider.  
  • As we are a portfolio provider, you can split your allowance  between any of our Cash ISA products. This allows you to subscribe to a Help to Buy: ISA and another Cash ISA product with us in the same tax year so that you can use your full allowance. This will be classed as one Cash ISA for the purposes of tax free allowances and HMRC reporting.
  • We do not provide Stocks and Shares ISAs or innovative finance ISAs. If you are considering encashing a Stocks and Shares ISA, you should consider seeking independent financial advice to ensure this meets your circumstances.
  • You only need £1 to open the account and there is no minimum monthly subscription. In the  month in which we receive your opening deposit, you can make a maximum deposit of £1,200 (£1,000 opening deposit and £200 first calendar month subscription).  For each calendar month thereafter, a maximum deposit of £200 applies
  • If you already have a Help to Buy: ISA, you will need to transfer in the whole amount held with your existing provider, as you can only hold one Help to Buy: ISA at any time. The maximum deposits shown above do not apply in these circumstances.
  • If you have already made deposits into a Cash ISA with another provider this tax year, you will need to move the full amount to Aldermore in order to open a Help to Buy: ISA with us. If this amount is more than the maximum first calendar month deposit of £1,200, you can open a Notice Cash ISA or Fixed Rate Cash ISA from our range in addition to the Help to Buy: ISA.
  • As this is an easy access account, you can make withdrawals at any time. However the bonus you will receive from the Government when you purchase your first home will depend on the balance when you close your account. You will not be able to claim a bonus on any previously withdrawn funds
  • Help to Buy: ISAs are not flexible. Any amount withdrawn from a Help to Buy: ISA can then only be repaid by you in accordance with the maximum monthly limit of £200. For example, if you withdrew £2,000 from a Help to Buy: ISA, it would take a further 10 months for you to pay this amount back in to your Help to Buy: ISA. As we’re a portfolio provider, you can replace money withdrawn from a Help to Buy: ISA by opening another of our Cash ISA products in the same tax year that you made the withdrawal, or by paying money into another Cash ISA already held with us that allows additional deposits, and this won’t count towards that tax year’s ISA subscription limit. If you transfer your ISA to another provider, you will not be able to replace any funds you’ve withdrawn with the new provider. You won’t be eligible to claim a bonus on any money that isn’t held in your Help to Buy: ISA
  • When you close your Help to Buy: ISA, we will provide you with closing documents to present to your chosen eligible conveyancer, and they will apply for your bonus. The bonus will be paid to the eligible conveyancer to be applied towards the acquisition of the property, provided that you have adhered to the scheme rules and terms and conditions.
  • You need to be aged 18 years or over, resident in the UK and only liable to pay tax in the UK and are not, and never have been, a Residential Property Owner to open this account
  • The favourable tax treatment depends on your individual circumstances and may be subject to change in the future
  • The interest rate on this account is variable. We’ll write to you  personally if the rate on your account changes


Fees and charges

You won't have to pay any fees or charges, although there may be a small charge for non-standard services - check our tariff of charges for more details.

Managing your account with us is simple and straightforward - and we're always on hand to help you if you've any questions. Here's how it works:

  • Once you've opened your account with us, we'll send you a welcome pack, usually within five business days, with all the details you'll need to manage your account
  • If you open an account online, you can log into your account to view and print a statement at any time and we will make an interest certificate available in internet banking shortly after the start of each tax year. If you open an account over the telephone or by post, we will send your statement and interest certificate by post once a year, usually in April.
  • Need to access your money? Simply log in and follow the simple on-screen instructions; it should take less than a minute. However, please remember that under the Scheme Rules, if you wish to make a partial withdrawal you will not be able to claim a bonus on these funds.
  • Want to check your account details and rates? Just login whenever you like
  • Contact us whenever you need to - either via our UK-based call centre on 0345 604 2678, by sending us a secure message or by emailing service@aldermoresavings.co.uk. Click here for our opening hours
  • No need to worry about bonus rates dropping off: there are no hidden bonuses or introductory offers - just consistently competitive rates
  • We'll write to you personally if the rate on your account changes
Tax Interest is paid gross (without tax taken off) and doesn’t count towards your Personal Savings Allowance
Minimum deposit £1
Maximum deposit In the month in which we receive your opening deposit, a maximum deposit of £1,200 applies (£1,000 opening deposit and £200 first calendar month subscription).  For each calendar month thereafter, a maximum deposit of £200 applies. For example, if you make an opening deposit of £1,000 on 20 December, you would have until 31 December to make additional deposits up to a maximum of £1,200 in total.  Thereafter starting on 1 January, the maximum subscription would be £200 per calendar month.
Withdrawals Unlimited withdrawals allowed.
However, under the Scheme Rules, if you wish to make a partial withdrawal you will not be able to claim a bonus on these funds
Government bonus The Government will give you a bonus of 25% when you purchase your property, provided your Help to Buy: ISA has a balance of at least £1,600. The minimum bonus you could receive is £400 on a balance of £1,600. The maximum bonus you could receive is £3,000 if your Help to Buy: ISA has a balance of at least £12,000. Specific eligibility criteria and rules apply to this scheme and should be viewed at www.helptobuy.gov.uk/isa before applying for this account
Number of account holders 1 (If you are buying your first home with someone else, they can also have a Help to Buy: ISA and be eligible to receive the Government bonus)
How we calculate interest Interest calculated daily. Applied to your account monthly or annually.
Paying money in

By Faster Payments, BACS, CHAPS, Direct Debit, Cheque or Standing Order from your nominated UK bank or building society account

Transfers from other providers. Transfers in from Cash ISAs and Stocks and Shares ISAs are subject to the maximum deposits shown above. Existing Help to Buy: ISAs must be transferred in full

Payment of interest You can choose to have your interest paid to any of the following: your Help to Buy: ISA, another Aldermore Easy Access or Notice account, your nominated UK bank or building society account. Interest added to your Help to Buy: ISA will form part of your closing balance, on which the Government bonus will be calculated
How you operate your account Internet, Phone, Post
Account closure We will provide you with closing documents when you close your account, which you will need to give to your chosen eligible conveyancer to claim your bonus

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

** Base Rate means the Bank of England Official Bank Rate

Don't want a Help to Buy: ISA?

Personal Savings

Fixed Rate Accounts
  • 4.6/5 (2926 reviews)

Protect your hard-earned savings from interest rate fluctuations with our fixed rate savings account. You'll enjoy peace of mind knowing exactly how much interest you'll earn.

Up to 2.00% AER*

Personal Savings

Notice Cash ISAs

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 all of our Notice Cash ISAs are flexible.

Up to 1.05% AER*

Personal Savings

Notice Accounts

Want a great interest rate with added flexibility? Our Notice Savings Account gives you exactly that.

Up to 1.05% AER*