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The Smarterly Cash ISA is a tax-free way to save and earn 0.55% interest per annum.

With other savings accounts you may have to pay income on the interest you earn. The interest earned on a cash ISA is tax-free - anything you earn, you keep.

This is an Instant Access account, so you can access your money whenever you need to.

The minimum you can save is a £100 lump sum or a monthly amount of £50 by direct debit, or £10 via payroll. The maximum you can pay into a cash ISA is £20,000 each year.

This is also a Flexible ISA, which means that if you withdraw money and then put it back in within the same tax year, it doesn't count towards your annual ISA allowance.

The Financial Services Compensation scheme protects your savings up to £85,000 per financial institution. Smarterly is not a bank and we may spread your money over a number of institutions to maintain a competitive interest rate. Currently, all Smarterly Cash ISA deposits are held with Metro Bank.

The interest rate may change in future.

To open our cash ISA you must:

  • Be aged 16 or over
  • Be a UK resident
  • Have a National Insurance Number

Remember, you can set up as many separate Cash ISA pots as you like with Smarterly and they all sit in one main account behind the scenes. This is helpful if you want to ring-fence different pots for different savings goals, or to spread your money across different risk profiles.

Want to transfer an existing ISA instead? Use our simple transfer wizard

Performance projection

Everything online, safe and secure

With our easy to use online account you get everything in one place. No more lost paperwork. No more hassle.

From your account you can do all the standard things you'd expect to be able to do like:

  • View your balance and recent transactions
  • Pay money in, take money out and change direct debits
  • Update your address, bank and other details

But, because you're with Smarterly, you'll also find thing you might not expect like:

  • Up-to-date projections of what your savings might be worth in future
  • All your documents in one, easy-to-find, place
  • Tools to help you open an investment ISA if you decide to

And our robust security measures mean you can be confident your money is safe and secure.

If you choose to invest via your bank account this will not connect your investment choice to any contributions made via payroll deduction. Are you sure you want to continue with this selection?

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