Tax-free ways to save with a Cash ISA

Instant Access Cash ISA

Instant Access Cash ISA

  • Save up to £20,000 tax-free (2020/21 tax year)
  • Take money out and replace it later, without it counting towards your annual ISA allowance. All you have to do is replace the money in the same tax year it was withdrawn
  • Start saving from just £1 and add to your account throughout the year
  • Online access to your account 24/7
  • Manage your account online or over the phone
  • The Standard Interest Rate will change from 0.35% to 0.10% Gross/AER (variable) on 14 July 2020

Interest rate

  • 0.35% Gross/AER(variable)
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Fixed Rate Cash ISA

Fixed Rate Cash ISA

  • Save up to £20,000 tax-free (2020/21 tax year)
  • Watch your savings grow - you've 30 days from account opening to deposit up to the maximum allowance
  • Guaranteed interest rate for a year

Interest rate

  • 0.60% Gross/AER
  • Fixed for the 12-month term of your ISA providing your money is kept in the account for the fixed term.
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Junior Cash ISA

Junior Cash ISA

  • Save up to £9,000 tax-free (2020/21 tax year)
  • Start saving from just £1 - anyone can chip in: grandparents, relatives and friends
  • Manage your account online or over the phone
  • The Interest Rate will change from 3.15% to 2.75% Gross/AER (variable) on 14 July 2020

Interest rate

  • 3.15% Gross/AER(variable)
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Benefits of our Cash ISAs

  • No tax to pay on the interest you earn. Please note that the current rules for ISAs are subject to change by HM Revenue & Customs.
  • Save the way that suits you: get instant access to your money, or lock it away.
  • ISAs for all ages: you can start saving for your children's future with our Junior Cash ISA.
FSCS - protecting your money
FSCS - protecting your money

Financial Services Compensation Scheme

Your eligible deposits with Tesco Bank are currently protected up to the current Financial Services Compensation Scheme limit, the UK's deposit protection scheme. Any deposits you hold above the current limit are not covered.

Other ways to save

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