Yes, the interest rate is variable. We can increase or decrease the rate for any of the reasons set out in our Personal Savings Terms and Conditions.

These are only examples and do not take into account your individual circumstances.
The examples assume that no further deposits or withdrawals are made and that interest earned is paid to this account annually.

• To open an account you need to be aged 18 years or over, resident in the UK and only tax resident in the UK. Our accounts cannot be held in trust or by US Persons (meaning US citizens, residents, green card holders or taxpayers in respect of their worldwide income)
• This account can be held in one name only
• You can open and manage your account online. We will accept instructions in relation to the account through our Internet Banking Service
• The minimum deposit required to open this account is £1,000
• The maximum deposit for this account is the 2024/2025 ISA allowance of £20,000. You’re also able to transfer part or all of your ISA funds from previous tax years into a new Cash ISA with Aldermore, which won’t count towards the current year’s allowance. Please be aware, your ISA allowance per tax year is subject to HM Revenues & Customs rules

• Yes, you can make unlimited withdrawals, either by giving 30 days’ notice, or without giving notice where a deduction of interest equivalent to the notice period will apply. Your money can be returned to your nominated account, transferred to any other Personal Savings accounts you hold with us that allow deposits or transferred to another ISA provider
• Our Cash ISAs are flexible. You can withdraw money from this tax year or previous tax years if you need to. You can replace the money you’ve withdrawn without the replacement counting towards your annual ISA subscription limit, providing you replace the funds in the same tax year you withdraw them

• *AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year
• Interest is paid gross without the deduction of income tax and doesn’t count towards your Personal Savings Allowance
• If you change your mind within 14 days of opening your account we will cancel your account without penalty or notice
• You can request to transfer in ISAs held with other providers at any time

You can split your annual ISA allowance across the different ISA types - Cash ISA, Stocks and Shares ISA, Innovative Finance ISA and Lifetime ISA - or save the whole allowance in one type of ISA (apart from the Lifetime ISA, which has a limit of £4,000).

Aldermore offers Cash ISAs only. You can split your Cash ISA allowance between any of our Cash ISA products. This will be classed as one Cash ISA for the purposes of tax-free allowances and HMRC reporting.

Although the Government recently announced changes to ISA rules to allow individuals to invest their current tax year’s ISA allowance across multiple providers, we don’t have the functionality to allow this currently. Unfortunately, at present, if you’ve invested part of your current year’s ISA allowance in a Cash ISA with another provider, you won’t be able to invest your remaining allowance in an Aldermore Cash ISA in the current tax year. However, it’s an option that we’re looking to introduce.

If you’ve got existing ISAs with other providers from previous tax years, these don’t count towards your £20,000 annual allowance so you can transfer these to us in full. By bringing all of your ISAs together in one place, you can manage your ISA portfolio with ease.

The current tax year allowance (ends 5 April 2025) is £20,000.

You can transfer an ISA by following the usual transfer process. All of our Cash ISAs are flexible but if you transfer them to another provider, the provider that you transfer to may not offer flexibility in which case your ISA will no longer be flexible when it moves to them.

If you transfer an ISA from another provider into one of our cash ISAs, it will automatically become flexible.