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Cash ISAs (Individual Savings Accounts)

See your savings grow

Help your money earn interest by taking advantage of your annual ISA allowance. The overall ISA limit for 2019/2020 is £20,000 and for 2020/2021 is £20,000.

Anyone aged 16 years or over is eligible to apply for a Cash ISA, must be resident or ordinarily resident in the United Kingdom and hold a National Insurance number.

The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty's Revenue and Customs (HMRC) practice which are subject to change.

Tax Year End 2019/2020

Please note that due to the current tax year ending on non-banking days over a weekend, online deposits and applications for the 2019/2020 tax year will need to be received and completed before 5:00pm on Friday 3rd April 2020.

Applications and deposits in branch can be made during normal business hours on Friday 3rd April 2020. Any cheques posted must also be received by this date.

Telephone applications for tax year 2019/2020 will not be accepted after Tuesday 31st March 2020 to allow time for documentation to be completed by Friday 3rd April 2020. Applications for tax year 2020/2021 will commence on Monday 6th April 2020.

Transactions processed via any channel on Saturday 4th and Sunday 5th April 2020 will be processed to the ISA on the next business day[2], Monday 6th April 2020. As this is the next tax year the deposits will be classed as a subscription to your 2020/2021 ISA Allowance.

Other products and services are available at Virgin Money. Find out more. about Virgin Money savings products (opens in a new window)

Flexi Cash ISA

Keep your cash saved but accessible with a Flexi Cash ISA Account

Our Flexi Cash ISA is a flexible Cash ISA where you have immediate access to your money without charge.

  • UK residents only
  • Instant access
  • The more you save, the higher the interest rate you could earn, with our tiered rates
  • Minimum deposit £10

Find out more about our Flexi Cash ISA

[1] Tax-free means interest payable is exempt from income tax. AER – Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

[2] Business Day means any day (excluding Saturdays, Sundays and bank holidays) on which banks generally are open in the City of London for the transaction of normal banking business

Financial Services Compensation Scheme (FSCS)

Protecting your money

Your eligible deposits with Clydesdale Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

This limit is applied to the total of any deposits you have with the following: Clydesdale Bank, Yorkshire Bank, B and Virgin Money. Any total deposits you hold above the limit between these brands are unlikely to be covered.

Please see FSCS leaflet download (Opens in a new window) for further information or visit www.fscs.org.uk  


Discover our full range of savings accounts

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