Can I deposit a lump sum into my Cash ISA?

Yes! You don’t need to make recurring payments into your Cash ISA – you can just deposit one-off amounts if you’d prefer.

Deposits of £100 or more can be made in minutes through easy bank transfers, which are available in Home > Add money. You’ll be redirected to your bank to authorise the payment, and once processed, your deposit will typically be added to your Cash ISA balance within minutes (please note that this can occasionally take up to 24 hours). You’ll then begin earning interest the next working day.

Please note that not all banks are supported for easy bank transfers.

Alternatively, Cash ISA customers can also deposit payments of £100 or more directly from their linked bank account using manual bank transfers. To make a manual bank transfer, just head to Wealth > Select your account > More > Account details to find the payment details for your product, then send funds via your banking app using these details.

If you’d prefer to solely deposit through easy or manual bank transfers, you can cancel your Direct Debit with your bank 👍

You can also schedule one-off deposits to be collected through our weekly payment cycle, by tapping ‘edit’ next to your upcoming collection in the Home tab. Any funds you add to your upcoming collection are collected on Wednesdays, at around midday, and then leave your bank via Direct Debit a few working days later. You can also check and amend any payment settings you have active in the Settings tab.