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​The Royal Bank of Scotland Instant Access ISA

The Very Latest Instant Access ISA
Easy Access Cash ISAs

30 Day Notice Cash ISAs

from Aldermore

Interest Rate (AER) 0.80%
  • Term: Easy Access

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

  • Early withdrawals are permitted subject to loss of interest equivalent to the notice period
  • Open account with £1000

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

35 Day Notice Cash ISA

from Bank of Cyprus

Interest Rate (AER) 0.75%
  • Term: Easy Access

Why we like it: Bank of Cyprus UK offer a great Easy Access ISA with a top rate of interest. You are covered by the UK FSCS scheme.

  • Access to funds subject to 35 days notice
  • Open account with £500

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Instant ISA Saver

from Nationwide

Interest Rate (AER) 0.50%
  • Term: Instant Access
  • Instant access
  • Minimum deposit £1
  • Open and manage your account online or in branch
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be 16 or older

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

The Royal Bank of Scotland Instant Access ISA

The Royal Bank of Scotland, commonly abbreviated as RBS, is one of the retail banking subsidiaries of The Royal Bank of Scotland Group plc, together with NatWest and Ulster Bank. They are the first Retail bank to be awarded the 5 star accreditation by Fairbanking.

Is an Instant Access ISA right for you?

Instant Access ISAs are a flexible way to save but generally offer low interest rates as a trade-off for that freedom. If you think you’ll need constant access to your savings then this account is a great option as many other accounts require you to tie up your money for a period or have restrictions regarding withdrawals.

These kind of accounts also generally require lower minimum deposits, often just a £1. Meaning anyone can begin saving. Check with your provider for further details.

RBS Instant Access ISA Review

Features:

  • You can access your money instantly, there are no withdrawal penalties, so you can take money out whenever you want
  • You can save in a way that suits you, either in a lump sum, by standing order or simply pay in when you want to
  • You can transfer in so it’s easy to bring all of your cash ISAs together in one place for convenience or find a better deal
  • Transfers out are permitted at any time
  • Your interest is calculated daily and paid annually on the first business day in April
  • You can manage your account with online and mobile banking, in branch or by phone

Useful to Know

  • The interest rate is variable, so it can go up as well as down
  • Interest is paid annually
  • Once you've paid in your full year's cash ISA allowance, you can't replace any money you've withdrawn in the same tax year

Fixed and Variable Rates of Interest

This kind of account will almost always offer a variable rate of interest due to the flexibility of the account. But what does that mean?

Variable Interest Rate – Accounts that offer a variable rate of interest tend to be more flexible in terms of access, transfers and payments in. The rate will change over time so you should always be prepared to move your money if the account you’ve chosen is no longer working for you.

Fixed Interest Rate – Typically, a fixed rate account will provide more interest. This is usually exchanged for tying up your money for a period of time. Usually between 1-3 years.

This means it’s not suitable for people who need regular access to their money as withdrawals are usually not permitted and early account closure will often result in a fee. As the rate is fixed, you will know how much interest you will incur at the end of the year.

It is important to remember that if you make a withdrawal from a cash ISA, any money you take out will still count towards that year's cash ISA allowance. You can't replace any of the money you withdraw, so make sure you really need to before doing so.

Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

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ISAs are a tax-advantageous way to save or invest, check out some of the ISA options below

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Latest News

What is the best investment ISA?

20th June 2017

People often ask: “what is the best investment ISA?” The answer to this question is not a simple one, with the best investment ISA for you depending on a number of factors. 

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ISA.co.uk is a trading style of Fair Investment Company.

We've been comparing and recommending ISAs for many years so you can trust you're in good hands.

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