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Royal Bank of Scotland ISAs
Apply for an Instant Access ISA today
Make the most of your savings
Start saving with as little as £1, and take your money out when you need it.
Save up to £20,000 tax free up to 5th April 2022.
Bring your ISA balances together in one place.
Summary Box
Account name: Instant Access ISA
Can Royal Bank of Scotland change the interest rate?
Yes, these rates are variable. If the rates are going down and your balance is £100 or more, we'll give you at least 14 days' notice. If the rates are going down and your balance is less than £100, we'll inform you before the change or shortly afterwards. If the rates are going up, we'll inform you before the change or shortly afterwards. For more information please see the Savings Account Terms (PDF, 501 KB)
What would the estimated balance be after 12 months based on a range of deposits?
How do I open and manage my account?
Your eligibility
To open an Instant Access ISA you must be aged 16 years or over and be resident in the UK for tax purposes.
You must:
- not have subscribed to another cash ISA (including a Help to Buy: ISA with another provider) or have subscribed more than the overall subscription limit in total to a cash ISA, a stocks and shares ISA, an innovative finance ISA and a lifetime ISA in the same tax year
- hold the account solely in your name
If you already have a current account with us you can open your account on our mobile app, online or in branch.
If you don't have a current account with us you can open your account online or on our mobile app (you need to register for online banking before you can get our mobile app).
We will need your email address and mobile number to open your account.
You can manage your account on our mobile app, online, in branch or by telephone.
Balance and ISA allowance
There is no minimum deposit required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.
However, there is a limit on the amount you can pay into your account each tax year (6 April to 5 April). This annual limit also known as your “ISA allowance”, is set by the Government and may change from time to time. For tax year 2021/2022 it is £20,000. If you pay in more than the limit any excess money will be returned to you.
If you make a payment for a tax year into your Instant Access ISA, you can’t make any payments for that tax year into any other cash ISA.
Can I withdraw money?
This is a non-payment account.
Yes. No notice is required.
- You can withdraw money: in branch or by transfer to another account held with us in your name (online, by telephone or on the mobile app).
- If you make a withdrawal, you will not be able to deposit more money into your account if it means you will exceed the annual limit.
- You can transfer your ISA (or part of it) to another ISA manager.
There are daily limits on the amount of money you can withdraw from your account by phone, online or mobile app. Find out more about the daily limit or speak to us on the phone about them.
Frequently asked questions
Get ready to apply
Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.
First things first. Please take a look at the important legal info:
If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. Please take some time to review, print and/or save the important information.
How your information might be used
It’s important for you to understand how we use and share your information. Please read this short summary before you continue with your application.