Find the right ISA for you
We have a wide range of Cash ISAs, and with our options ranging from easy access to fixed term, you have the flexibility to find the right mix for you. If you’re thinking even longer-term, you could also have a look at a Stocks and Shares ISA. If you're looking to move an existing ISA to us, we could help you with that too. Check out our full range of options below.
Bring your ISA savings together
Your ISA doesn’t have to stay where it started. If you have an ISA with another provider, you can transfer it to Skipton and keep its tax-free benefits. It won’t count towards your annual ISA allowance, and you could earn a better rate to help your savings go further.
Check the T&Cs of the account you're transferring from as penalty charges could apply.
Investing usually gives you better returns than a savings account over time (five years or more). But the value of your investments can go up and down, so you could get back less than you put in.
Any tax you pay on your investments and savings depends on your own situation – and rules could change.
ISA rules are set to change
From 6 April 2027, if you're under 65 you'll only be able to save up to £12,000 each tax year in a Cash ISA. And the types of ISA you can transfer into a Cash ISA are also set to change.
If you turn 65 during the 2027/28 tax year, you're expected to qualify for the full £20,000 Cash ISA allowance from that tax year onwards.
You can still use this tax year's full £20,000 Cash ISA allowance, and we're here to help if you're thinking about adding money to an ISA.
Other ways we can help with ISAs
Our ISA specialists are here to help you make sense of your options and make informed decisions. Look up key information from us on key ISA considerations.
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In-app ISA Transfers
Did you know you can start an ISA transfer directly in the Skipton app? Simply select ‘ISA Transfer’ and we’ll guide you through each step.
ISA FAQs
ISAs, or Individual Savings Accounts, are a little different from other savings accounts, as there's a limit on how much you can save each tax year. But the biggest benefit is that the interest or returns you earn are exempt from tax. You can find out more on our What is an ISA? page.
Opportunities to pay less tax don’t come around that often, but your ISA allowance is a great way to save or invest tax-efficiently.
- Each tax year (which runs 6 April to 5 April the year after) every UK adult has a set ISA allowance. For the current tax year, the ISA allowance is £20,000.
- You can use your ISA allowance in different ways and across different types of ISAs.
- Some types of ISAs allow you to pay in up to £20,000 this current tax year – for example Cash ISAs, Stocks and Shares ISAs and Innovative Finance ISAs.
- You can save up to £4,000 of your ISA allowance in a Lifetime ISA each tax year, providing you’re aged 18-39 when you open it. It’s designed to help you buy a first home or save towards your retirement.
- For under 18s, you have the option to save up to £9,000 each tax year into a Junior Cash ISA - find out how they could help.
- You can’t carry over unused ISA allowance into the following tax year. So if you don’t use your full £20,000 ISA allowance by April 5 each year, you’ll lose it.
There are no limits on how many ISAs you can have, as long as you meet the eligibility criteria for each type.
Since the start of the 2024/25 tax year, new HMRC ISA rules allow you to open the same type of ISA under as many providers as you like, if you're aged 18 or over.
However, you can only pay into one Lifetime ISA in a single tax year (up to £4,000) and you can't pay more than your annual £20,000 ISA allowance overall.
If you have a fixed rate Cash ISA, you'll earn a set rate of interest for a fixed period of time. The end of that term is known as maturity, and you'll have a decision to make.
There are usually several options available, including moving your money to a new ISA or withdrawing your savings. If you have a Cash ISA with Skipton, we'll contact you before it matures so you have time to consider what could work best for you.
You're protected up to £120,000
Your eligible deposits with Skipton Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
Need help?
Our new mobile app is coming
We’re gradually inviting members through our current app, so don't worry if your invite hasn't arrived yet. The new app is designed to make managing your accounts easier with a fresh look and features shaped by your feedback – plus more updates coming soon.
Find out more