Easy Access ISAs

An Easy Access Cash ISA is a savings account that allows you to put money away without paying tax on the interest you earn. You can save up to your annual ISA allowance, but it also allows you to have access to your money when you need it, without being charged a penalty fee.

The main benefit of an Easy Access Cash ISA is the option to use your annual ISA allowance, meaning you won’t pay tax on the interest you will earn on your savings. Other benefits include having the ability to access your money when you need it (not available at weekends) without having to pay a withdrawal charge and being able to pay into the account over time.

All our Easy Access Cash ISAs are flexible, meaning withdrawals and deposits won’t affect your annual ISA allowance, as long as these are made within the same tax year and the account remains open. This might not be the case with other providers, so if you want your ISA flexible you will need to check with them.

For example, if you pay £15,000 of your £20,000 ISA allowance into a flexible ISA during the current tax year and you decide to withdraw £10,000, you could still pay in a further £15,000 in the tax year (your £10,000 re-deposited and the remaining £5,000 of your £20,000 allowance).  You just have to make sure payments are put back into the same account and in the same tax year as the withdrawal.

If you have any questions about what makes an ISA flexible, you can read more on our flexible ISAs page.

To apply for an Easy Access ISA with Skipton Building Society you must be 18 and over, a UK resident and have a National Insurance number.

As long as the terms of your account allow it, you can transfer money from one ISA to another by completing an ISA transfer form. By moving your money this way your money keeps its tax-free status. To find out more about how to do this on our ISA transfer page.