Cash ISAs are a type of savings account that allow you to earn interest on your savings completely tax free, which doesn’t count towards your Personal Savings Allowance. In the current tax year (6th April 2026 – 5th April 2027) you can save up to £20,000 without paying tax on the interest.
To be eligible for a Vanquis Cash ISA you must be 18 or older, a UK tax resident and provide your National Insurance number.
A Cash ISA might be suitable if:
- you want to benefit from tax free interest
- you want to bring all your Cash ISAs together
A Cash ISA might not be suitable if:
- you want to pay in more than £20,000 in the current tax year (6th April 2026 – 5th April 2027) across all your ISA accounts
