Direct ISA

Save up to £20,000 without paying a penny in tax on the interest.

Essentials at a glance

What's the interest rate?
2.40% tax-free/AER, variable
Can you take money out?
Yes: no notice and no penalty
Will you pay tax?
No: this account is totally tax-free
What's the min. to pay in?
What's the max. to pay in?
£20,000 in the 2023/24 tax year

Great for you if …

  • You want to make the most of tax-free saving
  • You want to use your ISA online or by phone
  • You haven't invested in a cash ISA in the 2023/24 tax year

Not for you if …

  • You want to invest your full allowance in a stocks and shares ISA or an innovative finance ISA
  • You want to manage your account by post
  • You want to transfer in ISA investments from another provider
  • You want a flexible ISA

Direct ISA FAQs

Can't find what you're looking for?

Ready to apply?

Be sure to check our FAQs first, then we'll show you the Direct ISA summary box and customer agreement before you apply.