Cash ISA range

ISAs explained

What is an ISA?

An ISA (Individual Savings Account) is a tax-free way to save or invest. If you're starting to think about saving or investing, ISAs could be a good place to begin.

On other savings accounts, you may have to pay income tax* on the interest you earn. The interest on a cash ISA is free from tax, so all the interest you earn, you keep. Stocks & Shares ISAs also have tax benefits which we've explained in more detail in the tab below.

*From 6 April 2016, many savers will no longer pay tax on the interest they earn on non-ISA accounts. More about the government's new Personal Savings Allowance.

What is the ISA allowance?

Each tax year, which starts on 6 April, you get a new ISA allowance. For the tax year 2016/17, the ISA allowance is £15,240 for cash, Stocks & Shares and Innovative Finance ISAs, and £4,080 for Junior ISAs.

What is ISA flexibility?

From 6 April 2016 ISA flexibility will be available on all Nationwide cash ISAs (with the exception of Junior ISA). This means you can withdraw money from your cash ISA and replace it (subject to the terms and conditions of the account) within the same tax year, without it counting towards your annual ISA allowance.

Types of ISA available through Nationwide

ISAs made simple

Stocks & Shares ISAs

ISA flexibility

Transfer your ISA

Stocks & Shares ISAs

Why choose Nationwide