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Make each day count. 

Discover our ISA options

Make the most of the new tax year's £20,000 ISA allowance

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

New tax year, new ISA allowance

Get off to a strong start in the new tax year. Using this year's tax-free ISA allowance could help you reach your goals faster and stop you missing out on valuable tax benefit

The new tax year has now started which means your £20,000 ISA allowance has now reset. If you’ve got savings or ISAs with other providers could now be the time to consider tax-free savings with a Royal Bank of Scotland cash ISA? 

Our Instant Access ISA account 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 cash ISA could be great if you want to fix your money for a set term and earn a guaranteed interest rate, so you’ll know exactly how much your savings will grow.

ISAs explained

Looking to understand more about Individual Savings Accounts (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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Explore our ISAs

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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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Instant access ISA

Start saving with £1

Instant access to your savings and tax-free benefits

Pay money in as you go

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

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 05 June 2025 5pm. Available to existing customers until 10 June 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

An ISA transfer is when you move your savings from one ISA to another. You might do this to get a better interest rate, or to take advantage of a different type of ISA altogether. 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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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.