Triodos Bank have both Cash ISA and Stocks & Shares ISA options, it is a good idea however to shop around multiple providers before taking out an ISA to try and make sure you find the top plan for you. You can use the table on this page to compare a selection of ISA plans from different providers and click the links to apply.
Triodos Bank Cash ISAs:
Triodos offer a selection of Cash ISAs such as their Two and Three Year Fixed Rate Cash ISA, their Online Cash ISA as well as their Ethical Junior Cash ISA plan, so you can select an option depending on how much access you want to maintain to your savings.
Triodos Ethical Stocks & Shares ISA
Allows savers to invest in their ‘Sustainable Equity Fund’ their ‘Sustainable Pioneer Fund’ or both, Minimum investment of £1,000.
To Open an ISA you must:
- 16 or over for a cash ISA
- 18 or over for a stocks and shares ISA
- Be a resident of the UK
- If you don’t live in the UK then you need to be either a Crown Servant or their spouse/civil partner.
There are two distinct types of ISA: Cash and Stocks & Shares plans. Every eligible person is allowed to open up to one of each type of ISA each tax year. If you do opt to open both kinds of account then you will need to break up your ISA allowance between the two as it stays the same, however you can do so at a ratio of your choice providing you do not exceed your maximum allowance overall.
- Cash ISAs – Are a type of savings account, however the interest you earn on your savings up to your maximum allowance is paid tax-free. Providers may offer a selection of different kinds of cash ISA such as: Fixed Rate Accounts, Easy Access Accounts and Instant Access Accounts. So you can pick a product depending on how much access you would like to your savings.
- Stocks & Shares ISAs - Is a type of investment account that acts as a tax-efficient wrapper for money you can use in other types of investments such as: bonds, stocks and gilts. With this type of ISA you do not need to pay capital gains tax on profits from investments or income tax. You will still be charged tax on dividends however. There are different kinds of Stocks and Shares Accounts such as Self-select plans that let you directly pick what shares and stocks you invest in, as well as other types that give you a choice of managed funds to put your money into.
Transferring an ISA
It is possible to transfer an ISA to another provider; however you might incur an interest penalty with some plans for doing so. This means that while it can be wise to shop around and see if you could get a better deal elsewhere, before you do so you should first work out if any penalty you would receive would actually mean you would be better off staying with your existing arrangement.