Cash ISA
6 Support topics
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What is the Cash ISA and how does it work?
A Cash ISA is a type of Individual Savings Account (ISA), into which you can deposit money and earn…
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How does the Cash ISA interest rate work?
Interest for your Cash ISA is calculated on a daily basis, and is paid annually, on the anniversary of…
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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…
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Can I transfer an ISA from a previous tax year into my Cash ISA?
Yes! Transferring in an ISA held elsewhere into your Cash ISA does not impact your annual £20,000 allowance. You…
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Withdrawing from a Cash ISA
You can request a withdrawal from your Cash ISA at any time in Settings > Withdraw. If you make…
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Which banks are my Cash ISA funds held with? Are they FSCS protected?
We use a range of third party partner banks to power our Cash ISA, all of which are FSCS…
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It's important you know
Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.
A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.