makes so much sense, it’s daft not to.

If you have some money to put away and don’t want to pay tax on the returns you receive then an ISA could be for you. When you can save up to £3,600 per tax year , why wouldn’t you? After all, every penny counts.

Here’s why a smile cash ISA makes sense:

• you can squeeze more from your savings, as there’s no tax to pay
• you can start your ISA off with just £1
• earn 0.50% gross/AER* if you have a smile current account (even if don’t, you’ll still get 0.31% gross/AER *
• you can transfer your money in and out 24-7 without having to give us notice† it’s really easy and quick to apply online - just have your National Insurance number handy
• you can manage your ISA account online whenever you want
• you’ll know your money is doing good, as smile follows the same unique Ethical Policy as The Co-operative Bank. So your money won’t be invested in companies who sell arms to oppressive regimes or any governments with a poor record on human rights.

Don’t forget, the tax man says you can only have one cash ISA each tax year…and it’s always worth staying on his good side. To be eligible for a smile cash ISA you must be aged 18 or over and a UK resident.

Or for a bit more info, take a look at our faqs.

And even if you have got an ISA with someone else, you can always transfer it to us. It’s a doddle too.

Or if you’ve already got a cash ISA, you might want to open a stocks and shares ISA.

Any reference to tax is based on our understanding of current legislation, which is subject to change. Tax treatment of investments will depend on an individual’s circumstances.

smile is part of The Co-operative Bank, which is a member of the Financial Services Compensation Scheme (FSCS), which would pay compensation to eligible customers in the unlikely event of the Bank becoming insolvent. Find out more.

*AER means the Annual Equivalent Rate and illustrates the contractual rate of interest as if paid and compounded each year.

Gross rate means the contractual rate of interest paid before deduction of income tax at the rate specified by law.

†Withdrawals cannot be repaid into your account once your subscription limit of £3,600 has been reached.

smile, as part of The Co‑operative Bank is authorised and regulated by the Financial Services Authority (No. 121885), subscribes to the Banking Code, is a member of the Financial Ombudsman Service and is licensed by the Office of Fair Trading (No. 006110).