ISAs

Our cash ISA accounts are a flexible, tax-free way of saving your personal money.

Our products

Whether you’re opening an ISA with new money, or transferring from an existing ISA account with another provider, you can apply for an ISA with us quickly and easily online. Just click apply once you’ve chosen your new account.

Take a look at our Cash ISAs

1 Year Fixed Rate Cash ISA – Online Only  (1.80%)

2 Year Fixed Rate Cash ISA – Online Only  (2.30%)

3 Year Fixed Rate Cash ISA – Online Only  (2.46%)

5 Year Fixed Rate Cash ISA – Online Only  (2.55%)

About our ISAs

If you’d like to make tax-free savings, a cash ISA could be the right choice for you. In fact, it could help you get more out of your money. There are of course, a few things you should consider before opening one. Here are some of the key things you should know before deciding if an ISA will work for you.

What is an ISA?

An ISA, or cash ISA account, is an Individual Savings Account which works just like a standard deposit account. There’s just one big difference – you won’t pay tax on the interest you earn.

How do ISAs work?

You’ll have an allowance of £20,000 to put into an ISA tax-free each tax year. Interest rates can be more favourable than other types of savings accounts and may appeal if you’re keen to see your savings grow.

Fixed rate ISAs explained

Paying a guaranteed interest rate for a set length of time, this may work if you have a long-term saving goal. During the fixed-rate period you can’t access the funds unless you pay an early access fee.

 

 

Want to transfer your ISA to an account with us?

Apply online

Complete the application process online. Next, you’ll be given your account number and we’ll send you a Transfer Authority Form to sign – or you can download it and return it to us. That’ll give us permission to transfer your money.

Sign the form

Once you’ve signed and returned the Transfer Authority Form, we’ll apply for the transfer from your other provider, and that’s it!

More on ISAs

Once you’ve decided on your new ISA with us, as part of your application you can tell us which accounts you’d like to transfer. Once you’ve completed your application you can either choose to download, have emailed or sent to you in the post a pre-populated ISA Transfer Authority Form. This form is to let your old ISA provider know that you’ve given permission to transfer your money to your new Hodge account. All you have to do then is sign and return it to us. You won’t have to let your old ISA provider know – we’ll take care of the rest.

Once we have your signed Transfer Authority Form it will take up to 15 working days for us to complete the transfer of your cash ISA. It may take longer if your existing ISA funds are subject to a notice period.

Once you’ve completed your application, you have 10 days in which to send us your signed ISA Transfer Authority Form. Once we have your signed form, working with your existing provider, it could take up to 15 working days for us to complete the transfer of your cash ISA. It may take longer if your existing ISA funds are subject to a notice period.

Yes you can – once you’ve decided on your new ISA with us, simply complete a separate application for each existing account you want to transfer and tell us which of your existing ISA accounts you wish to transfer. Once you’ve completed your application you can either choose to download, have emailed or sent to you in the post a pre-populated ISA Transfer Authority Form. This form is to let your old ISA provider know that you’ve given permission to transfer your money to your new Hodge account. All you have to do then is sign and return it to us. You won’t have to let your old ISA provider know – we’ll take care of the rest. Remember, you can only pay new money into one ISA per tax year.

Once we have your signed Transfer Authority Forms it will take up to 15 working days for us to complete the transfer each of your cash ISAs. It may take longer if any of your existing ISA funds are subject to a notice period.

Once all your funds have been received, you can choose to either merge them into a single ISA account with us or keep them in their separate accounts. If you want to merge them, simply give us a call and let us know and we’ll take of it for you.

If you’re a UK resident over the age of 18 and have some cash to save, then yes, you can apply for a Hodge personal cash ISA. There is a minimum deposit requirement of £1,000, so this might be the right account if you’re saving for a larger event or one off payment purchase, like a holiday or wedding. 

The ISA subscription limit remains at £20,000 for anyone eligible to invest. The full allowance can be saved in a cash ISA or stocks and shares ISA with one provider or split between the two. At Hodge, we don’t offer a stocks and shares option.

Tax-free savings: Cash ISA accounts help your money grow long term. The interest you’ll earn is free of tax duties which means you can make the most of your hard-earned cash.

You know how much you’ll earn: With a fixed rate cash ISA, you’ll always know where you stand. You can be confident your savings are growing and know exactly how much interest your money is earning and the total sum you’ll get at the end of the fixed term.

FSCS protection: By choosing our fixed-rate ISA account you’ll have peace of mind that your cash will be protected up to £85,000 by the Financial Services Compensation Scheme. The eligibility criteria can be found here

We’ve made it quick and simple for you to transfer your ISA from a different provider into a new account with Hodge. Once you’ve chosen your ISA, you can let us know as part of your application whether you’re transferring your old ISA to us, or opening one for the first time.

Once you’ve chosen your ISA and started the application, you’ll need to let us know if you’re transferring from a different provider. We’ll then explain the next steps including downloading your Transfer of Authority form and returning it in the post or as a PDF via email.

We’ve made it as simple as possible for you to set up online banking with us. When you apply for your ISA, you’ll let us know about the transfer, and register for an online account at the same time. You’ll then use those details to manage your account in future.

Once you’ve decided on your new ISA with us and started your application, you’ll fill out a simple ISA Transfer Authority Form. This is to let your old ISA provider know that you’ve given permission to transfer your money to your new Hodge account. We’ll pre-populate the form for you with all the information we need, and send it to you either via email for you to print out and sign, or by post – whichever’s easiest for you. All you have to do then is sign and return it to us. You won’t have to let your old ISA provider know – we’ll take care of the rest.

Useful Information

Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

Terms and Conditions

You can download our ISA terms and conditions below