Our Regular Saver ISA is perfect if you don't have a lump sum to invest, but want to save on a regular basis - start by saving between £25 and £300 per month by standing order from your 1st Account, and leave it untouched for 12 months. And in the meantime, you can sit back and watch your savings grow - tax-free.
- 7.00% AER / tax-free fixed for 12 months (tax-free means free from UK Income Tax)
- start saving between £25 and £300 in the first month from your 1st Account
- then make regular payments every month for 12 months, by standing order only, of at least £25 up to the maximum monthly balance, which starts at £300 in month 1. The maximum balance increases by £300 each month thereafter
- change your payment amount any time to suit your circumstances - you can pay in £5 increments from £25, providing your monthly balance doesn't exceed the 'maximum monthly balance'
- no partial withdrawals are permitted in the first 12 months. If you need to access your money, in the initial 12 months you can close the account, but you will only receive interest at our standard variable cash e-ISA rate for the period your Regular Saver ISA was open.
- transfers in of other cash ISAs are not allowed during the first 12 months
- savings can only be paid by standing order from your first direct 1st Account for the first 12 months
- interest is calculated daily and is paid on the first anniversary of account opening.
- after the initial 12 months the account will be renamed cash e-ISA and interest will be paid at the standard cash e-ISA variable rate, calculated daily and paid monthly
- choose to pay in any lump sums or regular savings up to the annual tax-free cash ISA limit of currently £3,600 per tax year
- partial withdrawals can be made after the initial 12 months
- transfers into this account from other cash ISAs are permitted.
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