Cash ISA

Cash ISAs are still one of the most popular options for tax- free savings, and the maximum tax-free contribution level for this tax year is now £20,000. We offer a number of different Cash ISA plans so that you can choose the one that best suits you.

32 Day Notice Cash ISA (0.35% Gross/AER)

Interest rates viewable here.

  • Minimum balance £1
  • Deposits can be added at any time, by post, standing order or your own internet banking
  • Transfers in from existing ISAs welcome
  • 32 days’ notice for all withdrawals, paid to you by bank transfer or cheque
  • Interest is calculated daily from the date of receipt of your deposit, and added to account on 5 April each year

How to Apply

If you are opening a new ISA and also want to transfer an ISA to Kingdom Bank, please complete section 4 of the ISA application form, with the required details. If you have more than one ISA to transfer to Kingdom Bank, then print out and complete an ‘ISA transfer’ form for each additional ISA being transferred. On receipt of the completed form(s) we will contact your ISA provider to arrange the transfer and will let you know when it is completed.

Summary box for the

32 Day Notice Cash ISA (0.35% Gross/AER)

What is the interest rate?

The interest rate is a bank managed rate of 0.35

Interest accrues on the daily balance at the rate notified to you from time to time. Interest is compounded to the account on 5th April each year.

Balance AER
£1+ 0.35%

Can Kingdom Bank change the interest rate?


As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our account conditions explain when and how we do this. For example we might review the interest rate if the Bank of England base rate changes.

What would the estimated balance be after 12 months?

If you deposit £1000.00 when you open the account, the balance after 12 months will be £1003.50.

This assumes:

  • You don’t withdraw any money and interest is paid into this account.
  • The interest rate stays the same.
  • You don’t add any more money.

How do I open and manage my account?


You must be 16 or over, resident in the UK for tax purposes and have a national insurance number.

You can only open this account in your sole name.

You must open the account with at least £1

No account can be opened until a correctly completed, signed and dated application form is received in the post together with our other standard account opening forms and our performing all preliminary identification and other checks to our satisfaction.

You can transfer an ISA you have with us or another bank. Call us to find out how to transfer an ISA.

If you have already saved into another cash ISA this tax year, you will need to do an ISA transfer and to move over the money you saved in this tax year. This includes cash ISAs with us or another bank.


Deposits can be added at any time, by post, standing order or your own internet banking.

Information can be requested on the phone but all instructions should be sent to us in the post.

As with all ISAs, there are some rules:

  • You may not deposit more than the maximum allowed in any tax year, the current limit for the 2020/2021 tax year is £20,000.00
  • You can only save into one cash ISA in a tax year, unless you do an ISA transfer. This includes Help to Buy ISAs and cash ISAs with other banks.If you change your mind, you can advise us in writing and we will cancel the account free of charge within 14 days of opening

Can I withdraw money?

All withdrawals are subject to a 32 days notice period.

If you need the funds without serving the notice period, you may arrange this but there will be charges in accordance with the Terms and Conditions.

No charges or penalties (except those referred to in out terms and conditions where we permit early withdrawal at our discretion and any charges on transfer before maturity or notice period served) apply to these accounts.

All withdrawals must be made to an account in the same name. We will not permit a withdrawal to a third party by any method.

Any money you move to an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in future.

Additional information

Savings terms explained

Tax free means you will not pay income tax on your interest.

AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.

For more definitions, view our savings glossary.

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