Cash ISA

Tax-free savings at 0.75% interest (0.75% AER)

The Cash ISA (Individual Savings Account) is a special type of account which means you don’t pay tax on the interest on your savings, up to an amount set by the government.

With our Cash ISA, you can:

  • Earn interest on savings of up to £15,240 for tax year 2016-17.
  • Save by direct debit (or through your salary if you work for one of our selec partner employers), by debit card or cheque payments, or a mixture of both.
  • Our Cash ISA includes free life insurance (terms and conditions apply).
  • You can transfer your savings into your bank account by online banking, by phone, or by coming into the office.

To open our Cash ISA you need to be aged 18 or over, a member of Capital Credit Union and resident in the UK for tax purposes. You can hold more than one Cash ISA, but you can only save into one Cash ISA in any tax year.

The rate of interest rate is set every 6 months with rates fixed from 1st April to 30 September and 1st October to 31st March. The interest rate is set by the Board of Directors as delegated by the membership at the AGM.

More information on ISA’s can be found at