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Tax-free savings

Make the most of your tax-free savings allowance with a Cambridge ISA

Cash ISAs - Tax efficient savings with The Cambridge

If you're saving for something special, or just plain saving, an ISA can be one of the best savings accounts to help you make the most of your money. Because you don't pay tax on the interest it earns, and it doesn't count towards your Personal Savings Allowance, you get to keep every penny.

All about ISAs

There are several different types of ISA so it's important that you understand how they work. You may want the best ISA rates but you also need to consider if you will need to access your money, and what it means when you put your savings into an ISA. We recommend you read our guide: What you need to know about ISAs.

The guide gives you some important information to help you decide whether one of our cash ISAs is right for you.

Cash ISAs

For the 2016/2017 tax year the cash ISA subscription limit is £15,240. From 6th April this limit will increase to £20,000 for the 2017/2018 tax year. The tax year runs from 6th April to 5th April the following year.

Our cash ISAs are available to anyone who is a UK resident, for tax purposes, and aged 16 or over.

  • Start saving with as little as £1
  • Instant access and fixed term options available
  • Exclusive ISA for existing members

Let us help you

If you are unsure whether an ISA could work for you, or if you have any questions, then get in touch. Our savings experts will be happy to help you.

Details of our current cash ISAs are displayed below. 

Our current ISAs

Account name Minimum investment Interest rate Interest type Interest paid Access Withdrawals  
Instant Access ISA (Issue 3) £1+ 0.45%
Tax-free p.a./AER% on balances from £1 - £24,999

0.80%
Tax-free p.a./AER% on balances from £25,000
Variable Annually Branch
Phone
Post
Instant access Find out more
2 Year Fixed Rate ISA (Issue 18) £500+

1.00%
Tax-free p.a./AER% on balances from £500 - £19,999

1.10%
Tax-free p.a./AER% on balances from £20,000 - £49,999

1.20%
Tax-free p.a./AER% on balances from £50,000 

Fixed Annually Branch
Phone
Post
180 days’ interest penalty fee on the amount withdrawn Find out more
5 Year Fixed Rate ISA (Issue 8) (Existing members only) £500+

1.40%
Tax-free p.a./AER% on balances from £500 - £19,999

1.50%
Tax-free p.a./AER% on balances from £20,000 - £49,999

1.60%
Tax-free p.a./AER% on balances from £50,000 

Fixed  Annually  Branch
Phone
Post
240 days’ interest penalty fee on the amount withdrawn Find out more

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually. AERs on an account which pays monthly interest assumes interest is added to the account at the end of each month during the year. In practice, the option to have interest added in this way is not available on our monthly interest accounts.

Tax treatment and rate of interest payable will depend on individual circumstances and may change in the future.