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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.

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.

Clydesdale Bank, Yorkshire Bank, B and Virgin Money are becoming one bank

In October 2018, Virgin Money plc (Virgin Money) joined forces with Clydesdale Bank PLC (Clydesdale).If you have any products with Virgin Money, we need you to read some information before you apply. This includes how your Financial Services Compensation Scheme (FSCS) protection could be affected.

Find out more (opens in a new window)

Cash ISA Fixed Rate Bonds

1.40% tax-free p.a./AER until 28th August 2020 [1]

1.81% tax-free p.a./AER until 31st May 2022 [1]

Our Cash ISA Fixed Rate Bonds are available for a limited period of time. The bonds pay a fixed interest rate over a set duration until a maturity date - so you know how much your savings can grow. Exclusive rate for existing and new current account customers.

  • UK residents only
  • Minimum deposit £10
  • Interest is calculated on a daily basis and is paid on the last Business Day of August 2019 and annually thereafter until Maturity on the 1.40% bond and on the last Business Day of May 2020 and annually thereafter until Maturity on the 1.81% bond, or on account closure
  • Once this product is withdrawn from sale, you have 14 days to complete saved applications and a further 14 days to deposit funds into your account
  • Product can be withdrawn from sale at any time
  • UK residents only. Applicants must be 16 or over to apply. 18 or over to apply online
  • Additional deposits possible whilst products on sale up to £20k (ISA subscription limit for 2019/2020)
  • Charges apply to early account closures or transfers, based on days until maturity. Partial withdrawals are not permitted.

Find out more about our Cash ISA Fixed Rate Bonds

Help to Buy

Help to Buy: ISA

Earn on your savings towards your first home

Our Help to Buy: ISA account helps you save regular monthly amounts towards a deposit for your first home, whilst earning tax free[1] interest on the amount you save. The government will pay a bonus of 25% on account balances of between £1,600 and £12,000 when you purchase your first home in the UK. Terms and conditions apply.

  • UK residents only
  • No min. monthly deposit
  • Max deposit of £1,200 in first calendar month and £200 per calendar month thereafter
  • Government bonus on savings between £1,600 and £12,000 when you purchase your first home
  • Withdrawing from your ISA will reduce your balance saved and impact the bonus the government will pay

Find out more about our Help to Buy: ISA

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.

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 and B. 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

Instant Access Savings Accounts

Fixed Term and Notice Accounts

Tax Efficent Savings

Children’s Savings

You are here:  Personal Banking  >  Savings  >  Tax efficient savings

You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.