Easy Access ISAs

• You can open an Easy Access Cash ISA if you’re 18 or over, a UK resident, and have a National Insurance number.
• You won’t pay any tax on the interest you earn in your Easy Access Cash ISA.
• The annual ISA allowance for the current tax year is £20,000. Each tax year runs from 6 April one year to 5 April the next.
• You can access your money easily, without having to pay a penalty.
• You can regularly add to your Easy Access Cash ISA throughout the year, up to your annual ISA allowance.

Our Easy Access Cash ISAs might be a great fit if you want to benefit from tax-free savings but also value flexibility. Think about the following:

• Do you need the option to access money when you need it?
• Would you like to top up your savings throughout the year?
• Are you looking to avoid locking in your savings for a fixed period?

If your answers are mostly “yes,” one of our Easy Access Cash ISAs could be a good choice. This type of account lets you earn tax-free interest on your savings while maintaining the freedom to withdraw money should you need it.

All our Easy Access Cash ISAs are flexible. This means you can withdraw money and pay it back in without it having an effect on 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 a flexible ISA you will need to check with them.

• Let’s say 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.
• With Skipton, you could still pay in a further £15,000 in the tax year. (This would mean paying £10,000 back in and using the remaining £5,000 of your £20,000 allowance.).
• Your payments need to be 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.

All of our Easy Access Cash ISAs have a variable rate of interest. This means that interest rates can sometimes rise and fall depending on various economic factors.

If 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, visit our ISA transfer page. Depending on your provider, withdrawal/closure charges may apply.

Yes, you can open an account in any of our branches. To avoid disappointment, we recommend you call 0345 850 1722 to set up an appointment at a time and date to suit you.