Shawbrook Bank Cash ISAs
Compare ISAs from Scottish Widows and other ISA options available.
Mobile App only ISA account. *Up to three withdrawals can be made within each 12-month without affecting the interest rate. The Plum Cash ISA includes a 2.54% AER variable underlying rate and a bonus rate of 2.17% for the first 12 months. More than three withdrawals made within each 12-month period, a lower rate of 2.54% (variable) will be applied. Transfer in any ISAs you hold with other providers. Interest rates drop if more than three withdrawals per year. Covered by FSCS. Rate when you transfer in your existing ISA – 2.54% AER (variable). Rate for each 12-month period after your first 3 months – 2.54% AER (variable). Rate when balance drops below £100 or after your fourth annual withdrawal – 2.54% AER (variable). Must be UK resident and be aged 18 or older
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*Up to three withdrawals can be made within each 12-month without affecting the interest rate. The Moneybox Cash ISA includes a 3.45% AER variable underlying rate and a bonus rate of 0.55% for the first 12 months (bonus only applicable to new ISA deposits. ISA transfers in receive the underlying rate only). More than three withdrawals made within each 12-month period, a lower rate of 0.75% (variable) will be applied. Up to three withdrawals can be made within each 12-month period from the date of opening without affecting the interest rate. Customers can transfer in any ISAs they hold with other providers into a Moneybox Cash ISA, on web and in-app. Covered by FSCS. If more than three withdrawals made within each 12-month period, a lower rate of 0.75% (variable) will be applied for the rest of that 12-month period. The lower interest rate of 0.75% will also apply if the account balance dips below £500, automatically returning to the higher interest rate when the balance returns to £500 or more again. Must be UK resident and be aged 18 or older
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- Term: Easy Access
- Invest From: £10
Includes a 3.00% AER variable underlying rate and a bonus rate of 1.00% for the first 12 months (ISA transfers in receive 4.00% AER variable). Unlimited deposits and withdrawals. Transfer in any ISAs you hold with other providers. Interest accumulates daily, and is paid into your account every month. All money in your Cash ISA is held securely with partner banks Barclays & Bank of Scotland who are covered by the FSCS. Rated ‘Excellent’ on Trustpilot. Variable rate of interest. Must be UK resident and be aged 18 or older
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- Term: Instant Access
- Invest From: £100
Interest paid annually. Unlimited deposits and withdrawals. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected.. Must be UK resident and be aged 18 or older. After 12 months the interest rate changes to 1.45% AER variable. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
- Term: Instant Access
- Invest From: £1
Headline rate includes a guaranteed fixed bonus rate of 3.15% for the first 12 months, plus the standard variable rate which is currently 1.05%. After 12 months, you’ll continue to receive the standard variable rate. Interest paid annually. Open and manage online or on mobile banking app. Unlimited deposits (up to a combined limit of £20,000 across your ISAs within this tax year) and unlimited withdrawals. ISA transfers also allowed in. FSCS Protected. Maximum balance £1,000,000. Must be UK resident and be aged 18 or older
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- Term: Easy Access
- Invest From: £1,000
Interest paid annually. Unlimited deposits and withdrawals. ISA transfers also allowed in. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
- Term: Instant Access
- Invest From: £500
Mobile App only ISA account. The Moneybox Open Access Cash ISA includes a 3.25% AER variable underlying rate and a bonus rate of 0.55% for the first 12 months. Unlimited withdrawals. Interest paid monthly. A lower rate of 0.75% (variable) will be applied if balance drops below £500. Customers can transfer in any ISAs they hold with other providers into a Moneybox Open Access Cash ISA, on web and in-app. Covered by FSCS. Must be UK resident and be aged 18 or older
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- Term: Easy Access
- Invest From: £1
Lightyear’s Cash ISA pays whatever the current Bank of England base rate is (currently 3.75%). Unlimited deposits within HMRC ISA limits, and withdrawals. Transfer in any ISAs you hold with other providers. Flexible ISA: withdraw and repay into the same ISA in the same tax year without it counting towards your annual allowance. Interest earned daily, paid monthly. Variable rate of interest, will move in line with Bank of England base rate. Must be UK resident and be aged 18 or older. Lightyear Cash ISA money is invested into QMMFs and therefore capital is at risk.
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- Term: Easy Access (up to 4 withdrawals per year)
- Invest From: £1
Withdraw on any 4 days a year. Interest paid at maturity. Unlimited deposits. ISA transfers in also allowed. Open and manage your account online. FSCS Protected. Must be UK resident and be aged 18 or older. After 12 months, the account will be transferred to an online easy access cash ISA account
- Term: Easy Access
- Invest From: £1
Unlimited deposits and withdrawals. Interest paid annually. ISA transfers in also allowed. Open and manage your account online. FSCS Protected. Maximum balance £2,000,000. Must be UK resident and be aged 18 or older
- Term: Easy Access
- Invest From: 100
4.00% AER if customer makes only one withdrawal within an anniversary year. If a customer makes two or more withdrawals in an anniversary year the rate reduces to 2.00% from the date of the third withdrawal. Interest paid annually. ISA transfers also allowed in. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
- Term: Easy Access
- Invest From: 100
3.75% AER if customer makes two or fewer withdrawals within an anniversary year. If a customer makes three or more withdrawals in an anniversary year the rate reduces to 2.00% from the date of the third withdrawal. Interest paid annually. ISA transfers also allowed in. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
- Term: Instant Access
- Invest From: £1,000
3.35% AER / 3.30% tax-free p.a (variable), interest paid monthly. Flexible ISA – withdraw and replace funds without affecting your annual ISA allowance. Unlimited deposits and withdrawals. Interest paid monthly. ISA transfers also allowed in. FSCS Protected. Tax treatments depend on your individual circumstances and may change in the future’. Powered by ClearBank: Wealthify will provide the day-to-day servicing of the account with ClearBank providing the account itself. Must be UK resident and be aged 18 or older
Show More- Term: 1 Year
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 1 Year
- Invest From: £1,000
Interest paid annually. ISA transfers in also allowed. Open and manage online. FSCS Protected. Maximum balance £1,000,000. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 90 days lost interest
- Term: 1 Year
- Invest From: £100
Interest paid at maturity. ISA transfers also allowed in. Tax free interest. FSCS Protected. Must be UK resident and be aged 18 or older. No withdrawals permitted. Closure permitted with 90 days’ loss of interest
- Term: 1 Year
- Invest From: £500
Interest paid annually. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 90 days loss of interest. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
- Term: 1 Year
- Invest From: £100
Interest paid annually. ISA transfers also allowed in. Open online, in branch or by post. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 90 days lost interest
- Term: 1 Year
- Invest From: £1
Interest paid annually. New deposits between £1 and £20,000. ISA transfers in also allowed. Open and manage online or on mobile banking app. FSCS Protected. After 12 months, your account will switch to an Instant Access Cash ISA and receive the standard variable rate. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 90 days lost interest
- Term: 2 Years
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 2 Years
- Invest From: £1000
Interest paid monthly or annually. ISA transfers in up to a maximum account balance of £1,000,000. FSCS Protected. Must be UK resident and be aged 18 or older. 180 day interest charge on early withdrawals
- Term: 2 Years
- Invest From: £100
Interest paid annually. ISA transfers also allowed in. Open online, in branch or by post. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 180 days lost interest
- Term: 2 Years
- Invest From: £500
Interest paid annually. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 180 days loss of interest. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
- Term: 3 Years
- Invest From: £1,000
ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdraw cash early if you need to (subject to loss of interest)
- Term: 3 Years
- Invest From: £100
Interest paid annually. ISA transfers also allowed in. Tax free interest. FSCS Protected. Must be UK resident and be aged 18 or older. No withdrawals permitted. Closure permitted with 270 days’ loss of interest
- Term: 3 Years
- Invest From: £100
Interest paid annually. ISA transfers also allowed in. Open online, in branch or by post. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 270 days lost interest
- Term: 5 Years
- Invest From: £100
Interest paid annually. ISA transfers also allowed in. Open online, in branch or by post. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 365 days lost interest
Cash ISA Account
With this ISA you can deposit a lump sum and watch your savings grow, tax free. The key features of this account include:
- A minimum opening deposit of £1000
- The account can have a maximum balance of £25,000
- As it is an ISA, you can only put £20,000 into this account each year (assuming this is your only ISA account)
- All the tax benefits of an ISA but with quick and easy access to your money
- Latest interest rates can be found in the table on this page
- You cannot have a joint account
- The account must be opened by the account holder; power of attorneys, for example, are not able to open this.
- You must be 18 and a permanent resident in the UK to open this account
- Minimum withdrawal amount of £500; the Cash ISA is not flexible, so you might not be able to put money back in after a withdrawal if that deposit happens to take your over the maximum annual allowance for that tax year.
Shawbrook Bank’s Promise
Shawbrook Bank promises an easy banking experience with consistently good rates – just good service without the gimmicks. Their promises include:
1. You can switch to our ISA.
When you switch your cash ISA, stocks & shares ISA or innovative finance ISA to Shawbrook Bank, they will not wait for your current provider to process before starting to pay interest. Shawbrook pay interest from day one of receiving your completed transfer application, as long as your funds are free to transfer.
2. You can withdraw your money
You can withdraw your money from this account at any time without having to give notice. You can even do withdrawals online. There are no limits on the number you can make, but your withdrawals can only be made to your nominated account.
3. Shawbrook offer consistent, competitive interest rates rather than attractive gimmicks
Shawbrook offer a competitive rate of interest on this account. This is a very good rate of interest, and given the promise of consistency, this is a good stable choice. Both monthly and yearly interest rates can be found on this page.
Frequently Asked Questions
Am I committed to one ISA provider forever?
No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.
Are ISA accounts safe?
ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.
Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses.
Can I lose money in an ISA?
You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.
Can I withdraw money from an ISA?
You can withdraw money from a Stocks and Shares ISA at any time provided that you sell the underlying investments first.
You can withdraw from a variable-rate Cash ISA at any time.
Withdrawing from a fixed-rate Cash ISA may incur charges if you do so before the end of the specified fixed term.
How do I withdraw money from my ISA?
Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.
How long does it take to withdraw from an ISA?
Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.
How much can I contribute to an ISA?
The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.
When does the ISA tax year run to?
The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.
Will I be charged for an ISA?
A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.
A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.