Easy Access Cash ISAs

What is an Easy Access Cash ISA?

An Easy Access Cash ISA is a tax-free savings account that lets you access your money without locking it away for a fixed term.

Some Easy Access Cash ISAs allow unlimited withdrawals, while others place limits on how often you can take money out without penalty.

Easy Access Cash ISAs are designed to balance tax-free savings with flexible access to your money.

What’s the difference between Easy Access and Instant Access Cash ISAs?

Easy Access and Instant Access Cash ISAs are very similar, which can sometimes make the difference confusing.

Both types of ISA allow you to access your savings without locking your money away for a fixed-term. However, the level of access can vary between accounts and providers.

Some Instant Access Cash ISAs allow unlimited withdrawals whenever you need them, while Easy Access ISAs may include limits on withdrawals or other account conditions.

Compare Cash ISA types

Use the information below to compare Cash ISA options and find the right level of access for you.

Different Cash ISA types are designed to meet different savings needs. The table below provides a general guide to help you compare Cash ISA types and understand some of the key features for each option.

Important information

View our Cash ISA range to compare current rates and features.

Account features, interest rates and eligibility criteria may vary between accounts and providers. Products are subject to availability and may be withdrawn without notice.

Why choose a Cash ISA with limited access? 

Cash ISAs with limited access may offer higher interest rates than accounts with unlimited access, while still allowing occasional access to your savings when needed.

Your eligibility

You can open a Cash ISA with The Cambridge if you meet ISA criteria:

• Age 18 or over
• UK resident for tax purposes
• Serving overseas in the Armed Forces or Crown Service, or the spouse or civil partner of someone who is

Our ISA allowance guide explains the rules in full.

Opening a Cash ISA with The Cambridge

You can open and manage a Cash ISA with us:

• online (selected accounts only)
• in branch
• by phone
• by post

Minimum deposits and account features will vary depending on the type of ISA you choose.

You may also transfer funds from an existing ISA held with another provider or with The Cambridge.

Making withdrawals from a Cash ISA

You can withdraw money from your Cash ISA with us, although the options available and any charges or penalties will depend on the type of account you have chosen. For example, some accounts require notice or apply an interest penalty fee if you withdraw early.

For example, with a 100 Day Notice ISA, you can choose to:

• give 100 days’ notice to withdraw your money, or
• withdraw funds immediately and pay a 100-day interest penalty fee.

The interest penalty is calculated on the amount withdrawn and is taken from the interest earned, not from your original savings.

Withdrawals can be made online, by phone or in branch, depending on the account.

The Cambridge Cash ISAs are not flexible ISAs. This means that if you withdraw money and have already used your full allowance for the tax year, you won't be able to replace those funds during the same tax year. As this will exceed your allowance.