Types of ISA
If you have some money to put away and don’t want to pay tax on the returns you receive then an ISA could be for you. Choose from a cash ISA where you save in a secure deposit account, and/or a Stocks & shares ISA where you invest on the stock market in unit trusts.
Cash ISA
- Deposit-based savings with The Co-operative Bank.
- Earn tax-free interest on your savings.
- Save up to £3,600ˆ per tax year
- No notice periods - get your money whenever you need it(minimum withdrawal of £10).
- Our current interest rate is 0.50% AER*.
- Run your account by phone, branch, or online 24/7.
- Quick setup
- Easy to pay money in.
- Start saving from as little as £1.
Stocks and shares ISA
- Invest in our Unit Trusts through an Individual Savings Account (ISA).
- A tax-efficient way to invest in our unit trusts – meaning you have no further tax to pay on your investment returns.
- Invest a lump sum of £1,000 or £50 each month.
- Invest up to £7,200^ per year.
- Limited discount offer 3.5% discount when investing a lumpsum online.
The Britannia Fixed Rate ISA
As a result of our recent merger with Britannia, there are now more great ways for our customers to save and we are pleased to offer you a Britannia Fixed Rate Cash ISA.
Quick links
*AER means the Annual Equivalent Rate and illustrates the contractual rate of interest as if paid and compounded each year.
^ If you were born on or before 5th April 1960, increased ISA limits apply from 6th October 2009. You can invest up to £5,100 each tax year in a Cash ISA and your overall annual ISA investment allowance is £10,200. These higher limits will apply to all eligible ISA investors with effect from 6th April 2010.
