ISA stands for Individual Savings Account. ISAs are a tax-efficient way of saving money, meaning you don't pay tax on any interest earned. ISAs have a maximum amount you can save each tax year - the Government sets this amount.
There are four different types of ISA:
- Cash ISA
- Stocks and shares ISA
- Innovative finance ISA
- Lifetime ISA
We currently only offer Cash ISAs, but for more information on the other ISAs, visit the Government's website, www.gov.uk and search 'ISA'.