Looking for an easy way to make your savings work harder? A Cash ISA could be a great fit. It works like a standard savings account, but with one key advantage - the interest you earn is completely tax‑free, helping your savings go further.
| Account | Interest rate | Open from | Withdrawals | Useful information | |
|---|---|---|---|---|---|
| 90-Day Cash ISA | Tax Free 3.35% Gross p.a3.35% AER |
£1,000 | 90-Days' Notice |
|
View Apply Now |
| Easy Access Cash ISA | Tax Free 2.35% Gross p.a2.35% AER |
£100 | Unlimited |
|
View Apply Now |
| 30-Day Notice Cash ISA | Tax Free 2.85% Gross p.a2.85% AER |
£100 | 30-Days' Notice |
|
View Apply Now |
| Fixed-Rate ISA to 28th February 2027 | Tax Free 3.50% Gross p.a3.50% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Fixed-Rate ISA to 29th February 2028 | Tax Free 3.50% Gross p.a3.50% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Fixed-Rate ISA to 28th February 2029 | Tax Free 3.55% Gross p.a3.55% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Regular Saver ISA | Up to 3.00% Gross p.aUp to 3.00% AER |
£25 | Allowed, but may impact on interest rate |
|
View Apply Now |
Book a face-to-face or telephone appointment with our friendly team to guide you through our range of savings accounts, and find out if your money could work harder for you.
What is a Cash ISA and how does it work?
A Cash ISA is a tax‑free savings account that lets you earn interest without paying income tax on the returns.
With a Cash ISA, you simply deposit your money, earn interest on your savings, and can withdraw it depending on the account’s terms. Your savings stay protected and continue to grow free from tax each year.
How much can I put into a Cash ISA each tax year?
You can save up to the annual ISA allowance each tax year, which includes all ISA types you hold. If you have more than one ISA, your total across them must not exceed the yearly limit, which is currently £20,000. From the 2027/28 tax year (6 April 2027 to 5 April 2028), the limit for anyone under 65 saving into a Cash ISA will reduce to £12,000 a year. For anyone above the age of 65, this will remain at £20,000.
You can place some or all of that allowance into a Cash ISA with us. Once the tax year ends, your allowance resets.
What does ‘tax‑free savings’ mean with a Cash ISA?
‘Tax‑free’ means you don’t pay any income tax on the interest you earn within your ISA - now or in the future. This applies no matter how much interest you make or whether your personal tax situation changes later on.
This is different from standard savings accounts, where interest will count towards your Personal Savings Allowance, above which income tax is payable.
How do I open a Cash ISA with the Vernon?
Opening a Cash ISA is straightforward. You’ll just need to:
Once set up, you can start using your ISA straight away and manage your savings according to the account terms.
How does transferring a Cash ISA work?
ISA transfers allow you to move your existing ISA savings from another provider into another ISA without using your allowance.
To transfer, you simply complete our ISA transfer form, which can be found on our Useful Documents page, and we contact your current provider to move the funds across securely. Please don’t withdraw the money yourself, as this may affect its tax‑free status depending on the ISA type. Also, not all our accounts allow transfers in, so always check the term of the account before applying.
Discover our guide to ISAs, where you’ll find clear explanations and more helpful FAQs to support you in deciding whether an ISA aligns with your savings goals.
ISA ACCOUNTS EXPLAINED
