Making the most of your ISA
Our tax-free savings guide could help you give your savings a boost.
Annual Cash ISA allowance
The annual Cash ISA allowance for the 2024/2025 tax year is £20,000.
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The great news is that you have an Individual Savings Account (ISA) allowance. Your current ISA allowance lets you save up to £20,000 each tax year into a Cash ISA or Stocks and Shares ISA without paying tax on the interest you earn.
It’s also worth remembering you can transfer existing ISAs you have over to us if you find an account you like.
So, if you're looking for a tax-free way of saving, check out our range of ISAs below.
Our tax-free savings guide could help you give your savings a boost.
The annual Cash ISA allowance for the 2024/2025 tax year is £20,000.
| Minimum to open | Annual Interest Rate | Bonus | Withdrawal Conditions | Account Access | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Year Fixed Rate ISA | £1 |
4.05% AER 4.05% Tax-Free i
|
No | You can take your money out but there will be a charge of 90 days’ loss of interest. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. Online For WeBSave accounts – once opened you can manage this account online via our WeBSave login. For all other accounts – once opened you can view this account online via our savings portal. |
1 Year Fixed Rate ISA | ||||||||||||||||||||||
| 2 Year Fixed Rate ISA | £1 |
4.05% AER 4.05% Tax-Free i
|
No | You can take your money out but there will be a charge of 150 days’ loss of interest. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. Online For WeBSave accounts – once opened you can manage this account online via our WeBSave login. For all other accounts – once opened you can view this account online via our savings portal. |
2 Year Fixed Rate ISA | ||||||||||||||||||||||
| 5 Year Fixed Rate ISA | £1 |
4.40% AER 4.40% Tax-Free i
|
No | You can take your money out but there will be a charge of 365 days’ loss of interest. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. Online For WeBSave accounts – once opened you can manage this account online via our WeBSave login. For all other accounts – once opened you can view this account online via our savings portal. |
5 Year Fixed Rate ISA | ||||||||||||||||||||||
| Additional Permitted Subscriptions ISA | £10 |
1.50% AER 1.50% Tax-Free i
Your interest is variable and will be paid once a year, calculated to 5 April and you’ll be able to access it on 6 April. It can be added to your account or paid into another account. |
No | You can take your money out at any time. |
By post Once opened, you can manage this account by post. |
Additional Permitted Subscriptions ISA | ||||||||||||||||||||||
| Limited Access ISA (Issue 1) | £1 |
up to 2.00% AER up to 2.00% Tax-Free i
|
No | You can take your money out at any time. You'll get a lower interest rate if you take your money out more than six times. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. Online For WeBSave accounts – once opened you can manage this account online via our WeBSave login. For all other accounts – once opened you can view this account online via our savings portal. |
Limited Access ISA (Issue 1) | ||||||||||||||||||||||
| West Brom Saver ISA | £1 |
1.50% AER 1.50% Tax-Free i
Your interest is variable and will be paid once a year, calculated to 5 April and you’ll be able to access it on 6 April. It can be added to your account or paid into another account. |
No | You can take your money out at any time. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. By post Once opened, you can manage this account by post. |
West Brom Saver ISA | ||||||||||||||||||||||
Important information
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.
Tax-free means you will not pay income tax on the interest you earn.
ISAs are a savings scheme set up by the Government and they can change the rules at any time.
Talk to us about making the most of your tax-free savings with an ISA.
Visit the help centre to find out more about ISAs, including transfers.
Help centre
Chat to our friendly Customer Service team today.
0345 241 3785 8:30am to 6pm Monday to Friday
8:30am to 12:30pm on Saturday
You can also pop in to your local branch or book an appointment.
Your eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.
