ISA - What is an ISA? - NatWest

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ISA Accounts

Everything you need to know about Individual Savings Accounts

Compare our cash ISAs Manage your existing NatWest cash ISA Stocks & Shares ISA with NatWest Invest

ISAs made simple

Find out how you can make the most of tax-free saving with our easy to follow ISA guide

Easy ISA

Time is running out to make the most of your 2016/2017 ISA allowance of up to £15,240.

The tax year ends on the 5th April so you need act before this date to open an ISA account for the 2016/2017 tax year.

Days
Hours
Minutes
Cash ISAs What is a cash ISA?
Tax-free interest

How much can you put in a cash ISA?

The 2016/2017 ISA Allowance is £15,240 up to 5th April 2017. 

Transfer in from previous years' ISAs

If you want to move your current or previous cash ISA balances between providers, there’s a simple ISA transfer form you can complete that will safeguards your tax-free entitlement.

Subscribe to both a Cash ISA and Help to Buy: ISA in the same tax year

You can save in a Cash ISA and a Help to Buy: ISA if they're both with NatWest, as we count them as one overall Cash ISA subscription. 

It works alongside your Personal Savings Allowance

As of 6th April 2016, you can earn tax-free interest on a cash ISA that doesn't impact on your Personal Savings Allowance. You can read more about the Personal Savings Allowance, here.

Here are some handy resources to help you get to grips with ISAs:


NatWest guide to ISAs (opens in a new window)

Compare cash ISAs

Help to Buy: ISA

A helping hand towards your first home



Full details & apply

Cash ISA

Instant access tax-free savings account 

Full details & apply

Fixed Rate ISA

Fixed interest rate tax-free account for one or two years 

Full details & apply
Decide if it’s right for you

If you are saving to buy your first home, save money into a Help to Buy: ISA and the UK Government will boost your savings by 25%.

You want tax-free savings within the annual limit and want instant access to your money

You want tax-free savings within the annual limit and to know how much interest you’ll earn in advance. You’re happy to leave your money untouched while you save  

Interest

Help to Buy: ISA

Paid monthly

Cash ISA

Paid monthly  

Fixed Rate ISA

Paid annually  

AER
  • 2.00% AER on all balances
  • 1.98% tax free rate
Interest rate unit: AER/ tax-free p.a. (variable)
  • 0.01% for balances under £25,000
  • 0.05% for balances between £25,000 and £49,999
  • 0.25% for balances between £50,000 and £99,999
  • 0.50% for balances over £100,000

Interest rate unit: AER/ tax-free p.a. (variable)

1 year fixed

  • 0.70% for balances between £1,000 and £24,999
  • 0.75% for balances over £25,000

2 year fixed

  • 0.80% for balances between £1,000 and £24,999
  • 0.85% for balances over £25,000

Interest rates unit: AER/ tax-free p.a. (fixed)
Minimum deposit to open account

£1

£1

£1,000

Key conditions and limitations
  • You can save a maximum of £1,200 in the first calendar month of funding and then up to a maximum of £200 a month
  • Available to first time buyers aged 16 or over who are UK residents and have never owned a residential property or any interest in land in or outside the UK
  • The ISA allowance for the 2016/2017 tax year is £15,240.
  • An Early Closure Charge may be applicable. 
Add your signposting title here… Stocks & Shares ISA with NatWest Invest

NatWest Invest is a brand new way to invest online. You decide the time, and you decide the level of risk.  It’s simple, you have control, and the beauty of it is you can invest:

  • From just £500
  • With a monthly contribution from £50
  • Into a stocks and shares ISA

The value of investments can fall as well as rise and you may get back less than you invest. Tax rules may change in the future and any benefits to you depend on your individual circumstances.

NatWest Invest does not offer advice on your personal financial circumstances or the suitability of each investment fund for you. If you’re not sure you should speak to a financial adviser before investing.

You need to have online banking to use NatWest Invest.

Explore natWest Invest
Frequently searched-for information Cash ISA Reactivation & ISA Transfer

If you haven't paid into your existing cash ISA in an entire tax-year:

You'll have to reactivate it by completing this online form.

If you want to transfer an existing cash ISA to us:

Our dedicated ISA transfer page will guide you through the process.

Key definitions

Annual Equivalent Rate (AER) - This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts. 

Tax free p.a. – This means interest payable is exempt from UK income tax.

 

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