Important Messages
Our branches and contact centre will be closed on Friday 17 May to ensure our staff are able to attend essential training.
We will be open as usual on Saturday 18 May. We apologise for any inconvenience this may cause.
Our branches and contact centre will be closed on Friday 17 May to ensure our staff are able to attend essential training.
We will be open as usual on Saturday 18 May. We apologise for any inconvenience this may cause.
An Individual Savings Account (ISA) allows you to save or invest money without paying tax on the interest earnt or investment returns received.
Every year, starting on 6 April, you will receive a new ISA allowance. Currently, the annual ISA allowance is £20,000. You can choose to save into a cash ISA, a stocks and shares ISA, or a combination of both. Please note, Saffron only offer cash ISAs.
There is no limit on the amount of Cash ISAs one person can have. Just remember - you cannot exceed your ISA allowance.
To transfer your ISA to Saffron from another provider you will need to open an ISA (or have an active Saffron ISA) and complete a Transfer Authority form. We do not accept transfers of Stocks and Shares ISAs, or Inheritance ISAs. Details of which accounts Cash ISA Transfers are permitted on can be found on the Cash ISA Savings Accounts page.
You may be able to withdraw money from your ISA and this will depend on the terms and conditions of the particular ISA you have. Any money withdrawn out of an ISA will lose its ISA status unless it is moved as a transfer out to another Saffron ISA or another provider. Please note, Saffron does not offer flexible ISAs.