Easy Access Cash ISA

The Interest rate is variable and may be altered in accordance with this document and Section 17 Change To Interest Rates of our Terms and Conditions for Personal Savings Accounts.

• You can only apply for this product online.
• Once your account is open, you can operate the account online or by telephone.
• The account is only available to individuals who are 18 years of age or over, permanently resident in the UK, are only liable for UK tax and can provide a UK bank account as a nominated account.
• A Cash ISA can only be held in the name of one person, joint accounts are not permitted.
• The account cannot be opened by power of attorney/guardianship/intervention order holders acting for an account holder.
• You can only open and operate one Cash ISA with Shawbrook in any single tax year. 
• You add new ISA funds to your Shawbrook Cash ISA each tax year, but there's a limit set by the UK government. For 2024-2025, that limit is £20,000 each tax year. The tax year runs between 6 April to 5 April. If you have more than one ISA account, this £20,000 limit applies to all of them together for that tax year. 
• If you decide to pay money into more than one ISA, you are responsible for making sure you don’t exceed your annual allowance. You can find more information on ISA allowances at https://www.gov.uk/individual-savings-accounts
• Transfers in from other Cash ISA or Stocks and Shares ISA providers are permitted. Requests to transfer funds into an account from another ISA provider must be made at the same time as your initial account application by signing a transfer form. Transfer requests received after your initial account application may be refused.  
• When you transfer ISA funds deposited in previous tax years, this does not count toward your current ISA allowance. You can transfer previous years’ ISA allowances up to the maximum balance of the account. These funds must be transferred as noted above. 

• Withdrawals can be made online at any time without notice and there are no limitations on the number of withdrawals you can make.
• The minimum withdrawal amount is £500.
• Where a withdrawal request is received prior to 2:30pm on a working day, your funds should be received into your nominated account on the next working day. 
• This Cash ISA is not flexible, so you may not be able to re-deposit withdrawn funds if the deposit amount takes you above the annual limit described above.

• Please read this leaflet in conjunction with terms and conditions for Personal Savings Accounts.
• Eligible deposits are protected up to a total of £85,000 per person by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. 
• We’ll send you a statement on the anniversary of the date of receipt of your first deposit and at closure of your account.
• Shawbrook reserves the right to withdraw this product at any time. You will not be notified in writing if we withdraw this product from sale. 
• If you change your mind and wish to cancel your application to open an account, you may do so at any time within the first fourteen calendar days from the opening date of your account. Please send a secure message to confirm your request or contact us by telephone.
• You can transfer out your balance to an alternative ISA provider at any point. 
• To close your account, please send a secure message to confirm your request or contact us by telephone.