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Compare Tesco ISAs

Compare ISAs from Tesco and other ISA options available.

Investment ISAs put your capital at risk & you may get back less than you originally invested

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Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds.
  • Invest From: £25 pm
See Deal Open an ISA before 31 December and get £100 cashback. New customers only, invest £5k or more. Terms & fees apply. Capital at risk.

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00
See Deal Choose from over 13,000+ global stocks & ETFs. Invest in UK shares from as little as £3 per trade. IG offer a "Smart Portfolio ISA" where you can get an expertly built portfolio that is right for your risk profile. Capital at risk.

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term. Please note: As with all investing, your capital is at risk you may get back less than you have put in. The value of the ISA will depend on the performance of the investments and any bonuses cannot be guaranteed. Additionally, if investment conditions are poor, we may apply a Market Value Reduction (MVR)
  • Invest From: £30 pm

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, shares and more across 25 markets. Invest from £25 per month. Which? Recommended Provider for Investment Platforms 2019–2023. Low-cost online dealing from £1.50. Open your account in minutes from app or website, manage your portfolio on the move. FSCS protected. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you
  • Invest From: £1

Stocks & Shares ISA

from Nutmeg

ISA Option
Allows ISA Transfers
  • Fund Choice: Nutmeg offer 5 diversified portfolios with ETFs, using technology to keep charges low. Capital at risk. Approved by Nutmeg 24/02/2023
  • Invest From: Min. £500 single

Stocks & Shares ISA

from InvestEngine

Allows ISA Transfers
Regular Savings
  • Fund Choice: Offering commission-free DIY investing or low-cost, professionally managed income or growth portfolios built for you. Capital at Risk
  • Invest From: £100

Stocks & Shares ISA

from Tillit

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: From well-known classics to trailblazers and wildcards, TILLIT filter the market and select the best-in-class active and passive funds across asset classes, regions and styles. No one needs 5,000 funds. Get breadth and variety, without the choice paralysis

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Share Dealing ISA

from Interactive Brokers

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £3.00
See Deal Eligible UK Investors can open ISA's and Earn £55 of Commission Credit. For new clients. Limited time only, Terms apply

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

My Money Builder Select ISA

from Scottish Friendly

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: When you set up a My MoneyBuilder Select (ISA), your money will be invested in a single fund - the Unitised With-Profits fund. A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund. Remember the value of investments can go down as well as up, and you could get back less than you’ve paid in. If you cash in before the end of 5 years there will be a £50 deduction from your cash-in value
  • Invest From: £10 pm o r £100 single

Stocks & Shares ISA

from & me

Allows ISA Transfers
Regular Savings
  • Fund Choice: Range of portfolios managed by investment experts from M&G Wealth, who continually review a range of factors and global trends to make ongoing decisions about where to invest, and find new opportunities with the potential to deliver long-term growth for investors

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500

Stocks & Shares ISA

from ChipX

ISA Option
Allows ISA Transfers
  • Fund Choice: Save and invest across investment funds, cash savings, and real assets
  • Invest From: No minimum

Who are Tesco Bank?

Originally founded as Tesco Personal Finance in 1997, Tesco Bank offer various financial services to its banking customers including credit cards, bank accounts, loans, savings accounts and insurance policies.

A unique selling point of Tesco’s financial services is the crossover to their supermarket services via their Clubcard points, which accumulate when you use any of their financial products.

ISA accounts are one type of savings account that Tesco Bank provide to retail customers, and they exclusively offer Cash ISAs and not Stocks and Shares ISAs.

What is an ISA account?

Investing in an ISA is a way to protect your savings and investments from income and capital gains tax.

In a regular savings account, you have to pay tax on:

  • Interest you earn on your cash savings
  • Dividends you receive from stock investments
  • Capital gains you make on stock investments when you sell them for a profit

If you invest in an ISA, you are never required to pay any taxes on the above earnings, even when you come to withdraw your funds.

HMRC allows UK residents to invest up to £20,000 into ISA accounts in the current tax year, and this allowance refreshes each year so you can keep topping up.

What type of ISA is a Tesco ISA?

Tesco do not currently provide a Stocks and Shares ISA, but they do offer two types of Cash ISA products: Fixed Rate ISAs and Variable Rate ISAs (otherwise known as instant-access ISAs).

What’s the difference between a fixed-rate ISA and a variable-rate ISA?

Here’s a checklist for each type of Cash ISA to give you an idea of the pros and cons of each:

Fixed-Rate ISAs

  1. Fixed-rate ISAs generate a guaranteed rate of interest on your savings
  2. You are locked into a specific term length, from 1 to 5 years
  3. If you withdraw or close your account during your term, you are charged or will lose a portion of your interest
  4. The longer your fixed ISA term, the higher interest rates you’ll receive

Instant-Access ISAs

  1. Variable-rate ISAs generate a rate of interest that can fluctuate
  2. Variable interest rates are usually lower than fixed rates
  3. You can usually make unlimited withdrawals free of charge with no notice period

How do I open a Tesco Bank ISA?

  • You must have a UK bank account in your name that you can make payments from and receive withdrawals to
  • You must be a UK resident, or a Crown employee serving overseas, or be married to or in a civil partnership with a Crown employee
  • You must be over the age of 18

If you are eligible, then you can open a Tesco ISA online via their banking website, and the process only takes a matter of minutes.

Can I transfer my ISA into a Tesco Bank ISA?

You can transfer any existing ISAs you hold with other providers to a new or existing Tesco Bank ISA.

To do so, you’ll need to complete an ISA transfer form with Tesco Bank and submit your transfer request to them directly.

Tesco Bank will then liaise with your previous ISA provider to transfer your account to them.

The great thing about ISA transfers is that they don’t count towards your annual ISA allowance.

This means that you can transfer as many ISAs as you like into a new ISA in the same tax year, without having to worry about the £20,000 limit for contributions.

However, make sure you complete your ISA transfer with an ISA transfer form and let your new provider carry out the transfer.

If you simply withdraw your old ISA to your bank account and then add it to a new ISA, your money will lose its ISA status. When you then contribute it back in, it will deduct from your annual allowance.

Also, make sure to check with your existing ISA provider to see if there are any penalties or charges for transferring away.

What ISA rules do I need to be aware of?

Before investing in an ISA, it’s important to know some of the key restrictions and limitations of the accounts.

We’ve summarised the most important rules to keep in mind:

  • The annual ISA allowance is £20,000 in the current tax year - don’t contribute over this limit.
  • Your allowance can be shared between Cash ISAs and Stocks and Shares ISAs, so you can share your contributions between both types if you wish.
  • You're not allowed to contribute to more than one Cash ISA in the same tax year, or more than one Stocks and Shares ISA in the same year.
  • You can, however, open multiple Cash ISAs with different providers across more than one tax year, and the same goes for Stocks and Shares ISAs.
  • You can transfer existing ISAs to new ISA accounts without it counting towards your ISA allowance.
  • Your ISA allowance does not roll over – use it or lose it.
  • The ISA allowance refreshes on 6th April in line with the tax year dates. 
Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

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. 

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.

For Cash or Stocks and Shares ISAs, yes, although some Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

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.

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.

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.

Important Risk Information:

Capital at risk. Tax treatments depend on your individual circumstances and may change. The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.