Unlimited deposits and withdrawals. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. After 12 months the interest rate changes to 1% AER variable. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK. FSCS Protected
Make up to one withdrawal during the 12-month term of this account.
Why we like it
Flexible ISA: Withdraw money from your ISA account and pay it back in later. It will not affect your annual allowance, if it's done in the same tax year. Open from just £1 or transfer in existing ISA funds. Manage your account online. FSCS Protected. The interest rate is variable and can go up or down
If you wish to access a fixed interest rate without necessarily tying up your money for a set period of time, you may want to open an Instant Access ISA.
An Instant Access ISA is an account that you can use to put your savings in and make your savings work harder for you.
An Instant Access ISA account has both the advantages of an ISA and some of the flexibility of an instant cash savings account.
If choose to open an Instant Access ISA, you will be able to withdraw as much as you like from the account, and providing you replace it within the same tax year it will not count towards your annual ISA allowance.
The ability to access your savings whilst enjoying competitive interest may help you to achieve your savings goals. Find our savings rates table above forthe latest interest rate deals.
Features of an Instant Access ISA
You may benefit from opening an Instant Access ISA:
No income tax – unlike other financial products the interest you earn in your ISA is not subject to tax
Easy access – If you wish to open an Instant Access ISA, as opposed to a fixed rate cash ISA, you will benefit from competitive interest as well as easy access to your money, should you need it
No need to declare – you are not obliged to declare your cash ISA or any interest you get from your ISA on your tax return
Straightforward transfers – you have the option to transfer your cash ISA to another provider if you find a better interest rate
