Cash ISA
A great way to watch your money grow
- Deposit up to £3,600 tax-free each tax year
- Withdraw your money at any time
- Tiered interest rates mean the more you save the more interest you earn
If you want an easy and safe way to earn more money on your savings, then a Cash ISA may well be what you are looking for. Open an account with as little as £10, and since you don’t pay tax on interest earned, you could benefit from transferring savings you have elsewhere to a Cash ISA. Deposit as much as £3,600 each tax year then sit back and watch your savings grow.
You can withdraw your money at any time, but if you have already paid £3,600 into your Cash ISA during the tax year you cannot replace any of the withdrawn funds.
How to apply
- Apply online for a new account
- Top up an existing account
- Call in to your local Clydesdale Bank branch
- Telephone free on 0800 012 1111
What you get
Flexible tax-free savings
- Save up to £3,600 tax-free each tax year
- Open an account with just £10
- Deposit an annual lump sum or make smaller regular deposits
- Transfer savings from other accounts
- Save regularly by Direct Debit
- Tiered interest rates – the more you save the more interest you earn
- Enjoy easy access to your cash.
Other savings accounts
- Savings Account - access your money quickly and easily
- Savings Account Plus - enjoy a healthy return on your savings
- Term Deposit - hold your account for the full 3 years and you'll receive a guaranteed rate
- Notice Account - save as much as you like following your initial deposit of £750 and when you need to withdraw your savings just give 30 days notice
- Stocks and Shares ISA - make the stock market work for you
- Cybersave – help your child to manage their money
- Child Savings Bond - a great investment for your child’s future
- Child Trust Fund - give your child's savings a flying start
View up to date interest rates
MLC Savings Limited and Clydesdale Bank PLC are entered in the Financial Services Authority's register and their register numbers are 191235 and 121873. 'MLC' is a trading name of MLC Trust Management Company Limited (Number 2949646) and MLC Savings Limited which are authorised and regulated by the Financial Services Authority. These companies are registered in England (Number 3663932), Registered Office: 88 Wood Street, London, EC2V 7QQ. The value of any tax benefits to you depends on your individual circumstances. The proceeds of an ISA are currently free from UK Income Tax and Capital Gains Tax. Clydesdale Bank PLC and MLC are members of the National Australia Bank Group of companies.
The Cash ISA offered by MLC is fully described (including Terms and Conditions) in our Key Features of the Cash Individual Savings Account. This guide is also available on request from your local branch.
For your security, calls may be monitored or recorded.
Clydesdale Bank PLC is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the Scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
In respect of deposits with a UK office, payments under the Scheme are limited to 100% of the first £35,000 of a depositor's total credit balances with the Bank. Further details of the Scheme are available from us on request or from the Financial Services Compensation Scheme: www.fscs.org.uk or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.