Flexible ISAs

What is a flexible ISA?

A flexible Cash ISA is a type of ISA that offers a way to access your savings without affecting your annual ISA allowance. This means that you can withdraw money when you need it and pay it back in later. You just have to make sure payments are put back in the same tax year as the withdrawal.

For example, let's say you pay £15,000 into your flexible Cash ISA during the current tax year (out of your £20,000 allowance) and you decided to withdraw £10,000.

You would still be able to add a further £15,000 to your ISA in that same tax year (your £10,000 re-deposited and the remaining £5,000 of your £20,000 allowance).

If you’re looking for an ISA that offers more freedom, a flexible Cash ISA might be the account for you. All of our current Easy Access Cash ISAs are flexible, but that might not be the case with other providers.

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The tax year runs from 6 April to 5 April

The government sets the maximum amount you can save into an ISA each tax year and earn interest tax-free. This is known as the annual ISA allowance, which is £20,000 for the current tax year.

Fixed vs flexible ISAs from Skipton - what's the difference?

Feature	Flexible Cash ISA	Fixed Rate Cash ISA
Flexibility	All our Easy Access ISAs are flexible	Not flexible
Access to money	Withdraw and pay in without affecting your allowance if payments are returned in the same tax year	Limited access - you may need to close the account early and pay an interest penalty
Interest rate	Typically lower rates	Typically higher rates
Suitable for	Short-term savings, emergency funds or easy access to money	Long-term savings where you don't need access

Ready to choose an account?

Easy Access Cash ISAs

Flexible tax-free savings, with access to your money if you need it.

Fixed Rate Cash ISAs

Leave your savings to grow for a fixed term with a guaranteed rate of interest.

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Still unsure?

Our My Money Review service could help you to decide whether a flexible ISA is right for you, or if another type of ISA would better suit your savings goals.

My Money Review

How to transfer to a Skipton flexible Cash ISA

If you're thinking of switching your ISA to Skipton, transferring is easy with our step-by-step process:

It's simple

We make transferring to a Skipton ISA as hassle-free as possible. You can request an ISA transfer into one of our ISAs as long as the terms of the account allow it. All you have to do is complete our simple form and we'll do the rest. Visit our ISA transfer explained page for more information.

It's tax-free

Transferring your ISA protects your tax-free status, so you’ll continue to maintain the tax benefits in the process.

If you're ready for a flexible, tax-free savings account that suits the way you save, take a look and see if one of our Easy Access Cash ISAs is right for you.