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Consider your tax-free 

savings options

Top up your instant access Cash ISA today or explore our Fixed Rate ISA?

You must be a UK resident aged 18+. You can only subscribe to one cash ISA with Royal Bank in any 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.

Make the most of this year's ISA allowance

Using this year's tax-free ISA allowance could help you reach your goals faster and stop you missing out on valuable tax benefits.

As the new tax year has now started this means your £20,000 ISA allowance has now reset. Could now be the time to consider your tax-free savings options? 

Your Instant Access ISA gives you a flexible way to save and you can access this at any time.

Can you set your savings aside and not touch them for a while? Our Fixed Rate ISA could be great if you want to fix your interest for a set term and earn a guaranteed interest rate, so you’ll know exactly how much your savings will grow.

As we've entered a new tax year you can now open a new Fixed Rate ISA with us even if you already have one open with us from a previous tax year.

Consider your ISA options this tax year

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Considering a new Fixed Rate ISA?

Minimum deposit £1000

Fixed interest rate so you know how much interest you'll get paid

Save a lump sum for 1 or 2 years

Take advantage of your £20,000 tax-free ISA allowance

Interest paid annually

 

One and two year Fixed Rate ISA rates

  • Fix for one year and earn 4.10% AER/tax free p.a. (fixed)
  • Fix for two years and earn 3.80% AER/tax free p.a. (fixed)

 

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Topping up your Instant Access Cash ISA?

The easiest way to top up is to pay money into your ISA from another Royal Bank account using mobile or Digital Banking

If you're moving money from an existing ISA, you'll need to complete an ISA transfer request to keep your savings tax-free.

Instant access to your savings and tax-free benefits

Pay money in as you go

Get paid interest monthly direct into your account

 

Instant Access ISA interest rates

  • For balances up to £24,999 - earn 1.40% AER/tax-free p.a. (variable)
  • For balances over £25,000 - earn 2.70% AER/tax-free p.a. (variable)
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For Fixed Rate ISA no withdrawals or deposits during the term. Available to new customers until 04 July 2025 5pm. Available to existing customers until 09 July 2025. Please note that these issues may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. Early closure fees may apply.

Transferring from an existing ISA

People tend to switch ISAs to take advantage of competitive rates, benefit from a different type of ISA or to bring all their ISAs together in one place. 

It's really important to go through a proper ISA transfer process. That way, you won't lose out on any of the tax benefits of your ISA and your tax-free allowance is protected.

You can use the Mobile App or Digital Banking to  transfer an existing ISA elsewhere into your Royal Bank Instant Access ISA at any time, bringing them all together in one place. 

If you're looking to open a new Fixed Rate ISA you can also complete an ISA transfer to bring all your ISAs together into the new account. 

If you want to transfer your ISA balance that has been paid in during the current tax year (since 6th April 2025), you must transfer this balance in full. For balances paid in during previous years you can choose to send a partial transfer and this won't count towards this year's ISA allowance.

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ISAs explained

Looking to understand more about ISAs? You're not alone. 

With that in mind we've put together a video explaining how ISAs works and how to take advantage of your £20,000 annual ISA allowance.

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Your essential guide to ISAs

We're here to help you understand the details on ISA benefits, your ISA allowance and more, including ways to manage your ISA.

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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.

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Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of Royal Bank of Scotland are protected up to a total of £85,000, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Find out more (PDF, 3k KB) about the scheme and how it protects your money.