Setting cash aside for a rainy day is a great habit to get into, and our Regular Saver Cash ISA account is designed to help you save up for that dream holiday, wedding or home improvement. Our customers tell us they like the ability to earmark their savings for specific purposes, and the fact this account comes with limited access helps them avoid the temptation of dipping in. This may be ideal for you if you can commit to saving each month, with only one withdrawal per calendar year. And the interest rate isn’t bad either!
The Society is required by the Financial Conduct Authority to provide you with certain key information about this account in the form of a Summary Box. You should read this to enable you to make an informed decision and compare our product with those of other providers. Below, you have the option to download and print or save the full summary box, view elements of it one-by-one, or expand the accordion further down this page and view the full product details in one go.
This might suit you if
Online Account
- You would like to operate this account online only
- You would like to save a regular amount each month
- You are happy to receive annual interest
- You do not require a Power of Attorney to run your account
Regular Saver Cash ISA
3.10%
Gross*/AER** Variable
Interest rate with bonus (where all conditions are met***)
2.40%
Gross*/AER** Variable
Interest rate without bonus (where one or more conditions are not met***)
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*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of potential tax liability.
**AER – stands for Annual Equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
*** Every subscription must be received during the relevant calendar month and the account must remain open at 31st March in order to receive the bonus payment.
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Summary Box
Regular Saver Cash ISA
| Interest rate without bonus (where one or more conditions are not met***) | 2.40% Gross* /AER** |
| Interest rate with bonus (includes a bonus of 0.70% where all conditions are met***) | 3.10% Gross* / AER** |
Interest is accrued daily and added once a year on 31st March at close of business.
Each month a deposit between £20 – £2,000 must be received into the account, the account should see no withdrawals in the year and the account must remain open at 31st March in order to receive the bonus payment.
Yes, We may change the variable interest rate in the circumstances set out in our terms and conditions. If we reduce the rate, we will give you notice in line with those terms.
Refer to the General Savings Terms & Conditions and the Framework Contract for Payment Services for full details.
| £202.21 This figure is for illustration purposes and assumes a further 9 payments of £20 (minimum monthly amount) and therefore includes the bonus rate, no withdrawals and no interest rate changes. |
3.10% Gross* / AER** |
| £20,281.01 This figure is for illustration purposes and assumes a further 9 payments of £2,000 (maximum monthly amount) and therefore includes the bonus rate, no withdrawals and no interest rate changes. |
3.10% Gross* / AER** |
To open this Cash ISA, you must be over 18 and resident in the UK for tax purposes
The minimum opening balance is £20 and maximum is £2,000.
In March, you can pay in additional funds up to your remaining ISA allowance for the tax year.
The maximum annual subscription limit for the 2026/27 Tax Year is £20,000 as set annually by HM Revenue and Customs.
One account per member.
How to open the account
You complete the registration through our online banking platform.
Pass an Electronic Identification check.
Send us at least £20 by bank transfer.
Managing your account
Each month the account must receive one payment of £20-£2,000 to be eligible for the Conditional Bonus.
This account can only be managed through our online banking platform.
Please contact us if you need assistance from us or someone else.
Yes, however to be able to receive the bonus no withdrawals are permitted before the maturity date of 31st March.
You can transfer this Cash ISA to another provider before 31st March but you will lose the bonus.
All Faster Payments must be made to the nominated bank account linked to the account. Refer to our General Savings Terms and Conditions and the Framework Contract for Payment Services for more information on withdrawals.
*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of potential tax liability.
** AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
