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Cash ISA

Make the most of your tax-free allowance with a Cash ISA. You can save between £1 and £20,000 this tax year and earn 2.85% AER (2.81% tax free) with the freedom to access your money whenever you like.

  • tax free interest 2.85% AER (2.81% tax-free) variable
  • interest is variable, calculated daily and credited monthly.
  • instant access by a transfer to another first direct account
  • you can transfer to us from other providers
  • apply via Online Banking, or by post
  • manage your account using Online Banking, through our App, by phone or post. 

How to open a Cash ISA

Existing 1st Account customers

To apply, simply: 

  1. Log on to Online Banking
  2. Select 'Products' on the left hand menu
  3. Select 'Cash ISA'
Log on to Online Banking

New to first direct

This product is only available to first direct Current Account customers (you're more than welcome to join us...)

More about our current account

Before you apply

Before applying, please have a read through the following.

Your eligible deposits with HSBC UK Bank plc are protected up to a total of £85,000 or up to £170,000 for joint accounts, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. 

This limit is applied to the total of any deposits you have with the following: HSBC UK Bank plc and first direct. Any total deposits you hold above the limit between these brands are unlikely to be covered.