Find the right ISA for you
We have a wide range of Cash ISAs, and with our options ranging from easy access to fixed term, you have the flexibility to find the right mix for you. If you’re thinking even longer-term, you could also have a look at a Stocks and Shares ISA. If you're looking to move an existing ISA to us, we could help you with that too. Check out our full range of options below.
Stocks & Shares ISAs aren't like bank and building society savings accounts as your money is at risk and you may get back less than you invested.
The tax treatment of savings and investments depends on personal circumstances. Tax rules may change in the future.
Other ways we can help with ISAs
Our ISA specialists are here to help you make sense of your options and make informed decisions. Look up key information from us on key ISA considerations.
ISA FAQs
ISAs, or Individual Savings Accounts, are a little different from other savings accounts, as there's a limit on how much you can save each tax year. But the biggest benefit is that the interest or returns you earn are exempt from tax.
Opportunities to pay less tax don’t come around that often, but your ISA allowance is a great way to save or invest tax-efficiently.
- Each tax year (which runs 6 April to 5 April the year after) every UK adult has a set ISA allowance. For the current tax year, the ISA allowance is £20,000.
- You can use your ISA allowance in different ways and across different types of ISAs.
- Some types of ISAs allow you to pay in up to £20,000 each tax year – for example Cash ISAs ,Stocks and Shares ISAs and Innovative Finance ISAs.
- You can save up to £4,000 of your ISA allowance in a Lifetime ISA each tax year, providing you’re aged 18-39 when you open it. It’s designed to help you buy a first home or save towards your retirement.
- For under 18s, you have the option to save up to £9,000 each tax year into a Junior Cash ISA - find out how they could help.
- You can’t carry over unused ISA allowance into the following tax year. So if you don’t use your full £20,000 ISA allowance by April 5 each year, you’ll lose it.
There are no limits on how many ISAs you can have, as long as you meet the eligibility criteria for each type.
Since the start of the 2024/25 tax year, new HMRC ISA rules allow you to open the same type of ISA under as many providers as you like, if you're aged 18 or over.
However, you can only pay into one Lifetime ISA in a single tax year (up to £4,000) and you can't pay more than your annual £20,000 ISA allowance overall.
You're protected up to £85,000
Your eligible deposits with Skipton Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
