Did you know that Children's Tax-Exempt Savings Plans (TESPs)also provide a long-term, tax-free way to save for your children's future? Click hereto find out more about a tax-efficient way to build up a nest-egg for your child in addition to a Junior ISA, and compare providers.
Free Prize Draw
Enter our FREE Prize Draw and one lucky winner, chosen at random, will receive £250 added to their Children Savings Account.
Normally an investor must be a UK Resident over the age of 18. However, cash ISAs are available to 16 and 17 year olds. Each investor may only hold an ISA individually and not jointly with another investor.
NATWEST CASH ISA
Natwest Cash ISAs offers the opportunities to open by phone, post, online or in-branch – plus transfer-in previous ISAs. You’ll pay no tax on your interest, and you can save from £1. You can also transfer your previous ISAs into our Cash ISA. You can save up to £3600 in a tax year - this is the limit for tax year 2008/2009, and the minimum balance is £1. The tax year runs from April 6 to April 5 the following year. In addition, there are no penalties for withdrawing your money. However, if you decide to make a further deposit, remember that you can only deposit a maximum of £3600 over the entire tax year.
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Invest up to £7,200 a year with tax free gains. ISAs can be ideal if you’re looking for a tax efficient but flexible way to save and you don't even need to mention ISAs on your tax return. With initial savings of up to 5.5% on charges the Vantage ISA could leave you up to £396 better off. We also share our renewal commission giving you up to 0.5% in loyalty bonuses every year. Click here for more information.
