ISA OPTIONS
Save tax-free with our competitive range of ISAs
A new tax year means a fresh opportunity to save, and your £20,000 cash ISA allowance is now unlocked. Whether you’re opening an ISA for the first time or continuing your savings journey, our cash ISAs let you earn interest tax‑free while keeping your savings local.
With personal support from our expert branch teams and clear options online, we’re here to help you make the most of your allowance at a pace that suits you. If you’d like to learn more about how cash ISAs work – including upcoming changes to cash ISA rules planned from 2027 – you can read our helpful ISA guide here.
What to consider before opening an ISA:
ISAs are suitable for those who can use their personal savings, want a competitive rate of interest and save tax free.
- ISAs come in many variations so be sure to check that you’re opening the correct ISA for your saving needs.
- ISAs can be fixed term, notice or easy access.
For more help, you can get in touch on 01858 412412 or you may prefer to send details of your query to customersfirst@mhbs.co.uk.
Easy Access ISA – Issue 6
1.60% Gross*/AER** variable
Minimum balance £100
Maximum tax-free investment each tax year £20,000
Annual interest
Easy access
Junior ISA
2.40% Gross*/AER** variable
Age 17 years or under
Minimum balance £1
Maximum tax-free investment each tax year £9,000
Annual interest
100 Day Notice ISA
2.70% Gross*/AER** variable
Minimum balance £5,000
Maximum tax-free investment each tax year £20,000
Annual interest
Access with 100 days’ notice or a penalty
Fixed Rate Cash ISA – NOW LIVE!
3.20% Gross*/AER** fixed
Minimum balance £5,000
Maximum tax-free investment each tax year £20,000
Annual interest
Access only on account closure with 180 days’ loss of interest
*Interest is paid without tax deducted. Some savers will be required to pay tax on savings interest; this should be arranged directly with HMRC through your tax return.
**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
