Cash ISA

Cash ISAs are available to UK residents who are over 16 years old. You can save up to £5,760 in a cash ISA each year. The interest you receive on your ISA isn’t subject to UK income or capital gains tax so it’s a very tax efficient way to help your savings grow.

If you already pay into a stocks and shares ISA, this may limit the amount you can save in a cash ISA.

You can open a new Adam Cash ISA with just £1,000. The Adam Cash ISA pays a variable rate of interest.We calculate interest on a daily basis and add it to your ISA account at the end of each quarter

There is no limit to the number of withdrawals you can make from your Adam Cash ISA and no loss of interest.

However, you should be aware that if you have already made the maximum investment of £5,760 and make a withdrawal, you can’t make any further payments into your ISA in the same tax year.

If you already have cash ISAs with other companies from previous tax years, you can transfer them all to your Adam Cash ISA. This can make your ISA savings easier to manage as they’re all in the one place.

You can keep up to date with the value of your Adam cash ISA with Adam & Company online banking.