If you're aged 18 or over and want tax-free savings, a Furness Building Society ISA may be the account for you.

Our Everyday Cash ISA allows you to access your money whenever you need to, without paying any penalties or affecting your allowance for the year.

If you're looking to put a lump sum of money away for a fixed amount of time, then take a look at our Fixed Rate ISAs instead. 

With a 45-Day Notice Cash ISA you can withdraw from your savings without incurring a penalty by giving 45 days’ notice. Providing you pay it back (in the same tax year), it won’t affect your current year’s ISA allowance.

The main benefit is the tax-free savings, so all interest is paid free of income tax. Other benefits of our accounts include:

• Start saving from £1
• Save up to £20,000 a year tax-free
• Easily transfer your savings from another provider
• Easy access to your money

If you have a lump sum that you’d like to tuck away over a fixed term, it may not be the right fit. Instead, take a look at our Fixed Rate ISAs.

Whilst you can have multiple ISAs, you can open only one Cash ISA in a tax year. So, if you’ve opened one of our ISA accounts since 6 April 2022, you’ll need to wait until 6 April 2023 to open another one. The only exception is if you’re transferring funds from another account, in which case you may be able to open more than one Cash ISA account in the current tax year.

It’s also important to note that opening multiple ISA accounts will not increase your ISA Allowance, which is £20,000 tax-free savings in the 2022/2023 tax year.

You can save £20,000 in an ISA account within the 2022/2023 tax year. Also, you can only pay into one Cash ISA account in the current tax year. This is known as the ISA allowance.

Cash ISAs are very similar to normal savings accounts, the main difference being that you earn tax-free interest. There's also a £20,000 limit on how much you can save in your ISA in the 2022/2023 tax year.

How does a Cash ISA differ from a Bond? 

Instant access Cash ISAs allow easy access to your savings, whilst Bonds and other fixed rate accounts do not. For help comparing the different types of ISAs and Bonds, take a look at our guide. 

Whether you’re switching from another provider or a different Furness Building Society account, we’ll make transferring it as easy as possible for you. You can find all the information that you need on our ISA Transfer page.