A Triple Access Cash ISA combines the characteristics of a Triple Access Saver (an account that lets you make deposits and withdrawals when you need to, without fees, notice periods or loss of interest, and where you benefit from a higher rate of interest if you make 3 or less withdrawals in an anniversary year) with a Cash ISA that allows you to earn interest on your savings completely tax free, which doesn’t count towards your Personal Savings Allowance.
In the current tax year you can save up to £20,000 in a Cash ISA 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.
With a Triple Access Cash ISA, if you make 4 or more withdrawals in any anniversary year, a lower interest rate will apply from the day of your 4th withdrawal to the day before the annual anniversary of opening your account.
Triple Access Cash ISAs have a variable interest rate which means that the interest rate may change from time to time.
