Instant Access Cash ISA | Royal Bank of Scotland

Give your savings a tax free lift

Time is running out to make the most of your 2016/2017 ISA allowance of up to £15,240.
The tax year ends on Wednesday 5th April so you need to act before this date to open an ISA account for the 2016/2017 tax year.

Apply now

We are the first Retail bank to be awarded the 5 star accreditation by Fairbanking.

Instant Access ISA Instant access tax-free savings

Our Instant Access ISA lets you:

  • Access your money instantly – there are no withdrawal penalties, so you can take money out whenever you want
  • Save your way – either in a lump sum, by standing order or simply pay in when you want to
  • Maximise your cash ISA allowance – save from £1 up to £15,240 in the 2016/2017 tax year up to 5th April 2017.
  • Transfers in – bring all your cash ISAs together in one place
  • Watch your savings grow –  interest is calculated daily and paid annually on the first business day in April
  • Manage your account – Online, Mobile, in branch or by phone

What you should know
  • The interest rate is variable, so it can go up as well as down
  • Interest is paid annually
  • Once you've paid in your full year's cash ISA allowance, you can't replace any money you've withdrawn in the same tax year

Please note: You will need your National Insurance number during the application.

Apply now


Transfer in




AER/Tax-free p. a. (variable)

£1 -


£25,000 + 0.50%

Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Tax-free interest means interest payable is exempt from UK income tax.

Mobile Banking. Should you decide you would like the added option to easily manage your Instant Access cash ISA with our app, you can download the app here. It's easy to set up and top-up through the app. Functionality to open a cash ISA is only available on iPhone and Android. Mobile Banking is available on selected smartphones to Royal Bank of Scotland personal account customers, with Digital Banking, a debit card, and a UK mobile number.

Need more help? Want to know more about cash ISAs?

Our practical guides and simple FAQs will give you all the information you need.

Getting started with an ISA

See our full range of cash ISAs

Got an RBS ISA? Manage your savings

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