protect those precious pounds and start saving tax-free

Why pay tax on your savings, when you don’t have to? Stop the taxman taking his slice and sort yourself out with a cash ISA. It’s that simple.

In this tax year you can save up to:

• £3,600 if you were born after 5th April 1960
• £5,100 if you were born on or before 5th April 1960

A tasty, tax-free way to save

• Get more from your savings, as there’s no UK tax to pay!
• Open with just £1.
• Quick, easy and secure online application - just have your National Insurance number handy.
• Earn 0.50% gross/AER* if you have a smile current account (or if don’t, you’ll still get 0.31% gross/AER*).
• Manage your account online 24-7 and instantly transfer your money in and out. ^†

As smile is part of The Co-operative Bank we have the same unique Ethical Policy, so you can be sure your money will be doing good, we won’t invest it in companies who sell arms to oppressive regimes or any governments with a poor record on human rights.

Don’t forget, the taxman 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 16 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 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).