Balance and ISA allowance
There is no minimum deposit required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.
However, there is a limit on the amount you can pay into your account each tax year (6 April to 5 April). This annual limit also known as your “ISA allowance”, is set by the Government and may change from time to time. For tax year 2018/2019 it is £20,000. If you pay in more than the limit any excess money will be returned to you.
If you make a payment for a tax year into your Cash ISA, you can’t make any payments for that tax year into any other cash ISA except for a NatWest Help to Buy: ISA.
Making payments to both a NatWest Cash ISA and a NatWest Help to Buy: ISA
You can make payments to a Help to Buy: ISA in the same tax year as a NatWest Cash ISA provided that:
- the Help to Buy: ISA is held with us; and
- you don't pay in more than the ISA allowance between the Cash ISA and the Help to Buy: ISA.