NS&I Cash ISA
The NS&I Cash ISA is no longer on sale
If you already have an NS&I Cash ISA, you can carry on using it but deposits can no longer be made at a Post Office® branch or at a bank/building society. You can still make deposits by phone, post, standing order and electronic funds transfer.
If you want to open a new cash ISA with NS&I, have a look at our Direct ISA which can be managed by phone and online.
ISA allowance
In the 2010/11 tax year, each person has an overall annual tax-free investment limit of £10,200 of which up to £5,100 can be invested in a cash ISA.
- cash ISA – you can invest up to £5,100 with one provider
- stocks and shares ISA – you can invest the remainder of the £10,200 total allowance with the same or a different provider
Please note NS&I doesn’t offer a stocks and shares ISA
Cheque and debit card clearance
You’ll start earning interest on all deposits from the day we receive them. Cheque and debit card deposits will be available for withdrawal from the seventh working day (ie excluding weekends and English bank holidays).
For example, if we receive your cheque or debit card details on a Monday, your payment will be cleared on the Tuesday of the following week. After close of business on the seventh working day, you can be certain that the money will not be reclaimed from your account as a result of the cheque bouncing or the payment not being authorised. Allow one additional day for each English bank holiday.
We will bank your cheque, or start to process your debit card payment, as soon as we receive it, so please make sure you have enough money in your account at the time.
