Personal
Savings
Cash ISA

Ulster Bank ISAs

Apply for a Cash ISA

today

Make each day count and start earning tax-free interest today.

Get instant access to your money for peace of mind.

Build up your tax-free savings using your £20,000 ISA allowance.

You must be a UK resident aged 18+. You can only subscribe to one Cash ISA with Ulster Bank in this tax year up to £20,000. Tax free Interest means interest payable is exempt from UK income tax. Tax reliefs referred to are those applied under current UK legislation, which may change.

Our savings account terms and conditions are changing from 01 October. Find out more.

Explore our Cash ISA

Overview Open in new window

Interest rate Open in new window

Opening and managing your account Open in new window

Apply for a Cash ISA Open in new window

Make the most of your savings

Start saving with as little as £1, and take your money out when you need it.
Save up to £20,000 tax free.
Bring your ISA balances together in one place.

ISA stands for Individual Savings Account where you don't pay tax on any interest you earn.

Summary Box

Account name: Cash ISA

Interest rates and balance examples

Choose to see interest rates or the estimated balance after 12 months for different deposit amounts.

Balance	AER (variable) / Tax-free p.a.
£1 - £24,999	1.15%
£25,000+	2.45%

Can Ulster Bank change the interest rate?

Yes, these rates are variable. If the rates are going down and your balance is £100 or more, we'll give you at least 14 days' notice. If the rates are going down and your balance is less than £100, we'll inform you before the change or shortly afterwards. If the rates are going up, we'll inform you before the change or shortly afterwards. For more information please see the Your Savings Account Terms (PDF, 342 KB).

Information Message

Interest is paid on a tiered basis. This means you'll earn one rate on your entire account balance. Interest is calculated daily and paid into your account on the last business day of October and at account closure. If you choose for interest to be paid into a nominated Ulster Bank account in your name(s), then interest will be paid into that account.

Initial deposit at account opening	Balance after 12 months	Interest earned
£1,000.00	£1,011.50	£11.50
£25,000.00	£25,612.50	£612.50

Information Message

These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made; there is no change to interest rates and tiers; and any interest earned stays in the account.

Opening and managing your account

Your eligibility

Cash ISAs are open to customers aged 18+. You must be a resident of the UK for tax purposes.

You can only hold one cash ISA with Ulster Bank.

If you already have a cash ISA with us, keep paying into that account.

You must:

not have subscribed to another Cash ISA with us or have subscribed to more than the overall subscription limit in total to a Cash ISA, a Stocks & Shares ISA, an Innovative Finance ISA and or a lifetime ISA in the same tax year.
hold the account solely in your name.

You can open and manage your account on our mobile app, online or by telephone.

To open in branch you must bring your own digital device such as a mobile or tablet and our staff can assist you opening the account yourself.

Balance and ISA allowance

There is no minimum deposit required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.

However, there is a limit on the amount you can pay into your account each tax year (6 April to 5 April). This annual limit also known as your “ISA allowance”, is set by the Government and may change from time to time. For the current tax year it is £20,000 across all ISA products during the current tax year. If you pay in more than the limit any excess money will be returned to you.

If you make a payment for a tax year into your Cash ISA, you can’t make any payments for that tax year into any other cash ISA with us except for a Ulster Bank Help to Buy ISA.

Paying into more than one ISA

Making payments to both a Ulster Bank Cash ISA and a Ulster Bank Help to Buy: ISA

You can make payments to a Help to Buy: ISA in the same tax year as a Ulster Bank Cash ISA provided that:

The Help to Buy: ISA is held with us; and

You don't pay in more than the ISA allowance between the Cash ISA and the Help to Buy: ISA

You can transfer all or part of any ISA held with another provider to us.

Can I withdraw money?

Yes. No notice is required.

This account is a non-payment account.

You can withdraw money: in branch or by transfer to another account held with us in your name (online, by telephone or on the mobile app).

If you make a withdrawal, you will not be able to deposit more money into your account if it means you will exceed the annual limit.

You can transfer your ISA (or part of it) to another ISA manager.

There are daily limits on the amount of money you can withdraw from your phone, online or on the mobile app.

Additional info

The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.

Definitions

Annual Equivalent Rate (AER) shows the interest rate if interest is paid and compounded once each year. AER helps you to compare the rates of interest on different accounts.

Compound Interest is interest that is earned on interest that’s already been paid.

Gross means the interest rate you are paid on your savings with no compounding.

p.a. per annum (per year).

Tax-free. We pay all savings interest without the deduction of tax. You do not pay any UK tax on interest earned in ISAs. You may have to pay tax on interest earned in non-ISA accounts depending on your Personal Savings Allowance. The tax treatment may be subject to change in the future.

Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of Ulster Bank are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

See the FSCS Leaflet (PDF, 3.7 MB) for more information about the scheme and how it protects your money.

Get ready to apply

Before you apply we need to check you're happy with a few things and ask you a few questions up front, then we can make your application as quick and simple as it can be.

First things first. You can apply if you:

are aged 18 or over
permanently live in the UK for tax purposes

Once your account is open we'll provide your statements within Anytime Banking

Important information

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Anytime Banking - not posted. Please take some time to review, print and/or save the important information.

A guide to personal accounts fees and interest

Here you'll find our interest rates for each of our products, including balance examples to see how much you could earn.

View our guide to personal account fees and interest (PDF, 277 KB)

Personal banking - terms and conditions, your savings account terms

All kinds of general info about our savings accounts. Including details about the Cash ISA account.

Your Savings Account Terms (PDF, 342 KB)

FSCS Information Sheet and Exclusions List (2 pages)

Very important information about how your money is protected. Just in case.

FSCS information sheet (PDF, 157 KB)

Cash ISA Key Features (2 pages)

Key information about our Cash ISA products, in a short and snappy two page summary.

Download PDF (96 KB)

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.

Apply for a Cash ISA today