National Savings and Investments
 
Our range / NS&I Direct ISA /

NS&I Direct ISA

A tax-free rate of 2.50% AER (variable)

Investing your money in a cash ISA allows you to save up to £3,600 a year without paying any UK Income Tax on the interest you earn. With a Direct ISA from NS&I, you’ll also benefit from the convenience of managing your account by phone and online. From 6 October 2009 there is a higher ISA allowance for those who will be 50 years or over on 5 April 2010 - Find out more here.

We’ve included a summary box below to help you compare this account with those from other providers.

Summary box: key product information

Account name

NS&I Direct ISA

Interest rates (AERs)

Variable – see interest rates

Tax status 

Tax-free

Conditions for bonus payment

Not applicable

Withdrawal arrangements

No notice and no penalty

Access

Apply/withdraw online or by phone

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