Cash ISA Account

ISA - the tax-free way to grow your nest egg!

Save up to £20,000 - your 2022/23 allowance.

A Cash ISA is a simple, instant access, easy-to-use savings account. The interest you get paid is tax free, which helps you make the most of your savings.

To invest in a Cash ISA you must be an individual aged 16 or over and resident in the UK for tax purposes (excluding Isle of Man and Channel Islands.)

Features and benefits

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Open an account with as little as just £50 and save up to £20,000, which is your 2022/23 allowance*
You can open a Cash ISA with £50 or if you have it, a larger lump sum. The maximum you can save in this tax year is £20,000.

* The current tax year runs from 6 April 2022 to 5 April 2023. You can split your allowance between your Cash ISA and any Stocks & Shares ISA in any combination you choose:

Save up to £20,000 in your Cash ISA, or

Invest up to £20,000 in a Stocks & Shares ISA, or

Split your £20,000 allowance between your Cash ISA and any Stocks & Shares ISA.

AIB (NI) no longer offer a Stocks & Shares ISA

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Earn a competitive tax-free rate of interest on your savings

The variable interest rates for the Cash ISA are tiered which means the more you save, the more you earn.

Interest is calculated daily on the cleared balance in your account and credited annually in April.

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Access to your savings when you need it

You can access your savings whenever you need them by visiting any AIB branch.

If you have subscribed to your AIB (NI) Cash ISA in this tax year or the previous tax year you will be able to transfer money from the account through Online and Mobile Banking. See our full range of Ways to Bank options.

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Transfer in balances from any existing ISA's you hold

You can transfer your existing ISA balances from other financial institutions so your money is all in one place.

Cash ISA transfers from other financial institutions can take up to 15 business days from the date you instruct us to do so. Transfers from Stocks & Shares ISA's can take longer. Talk to us for more information.

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Open your account today
To open a new Cash ISA account, simply call into your nearest AIB branch.

We will need to see proof of your identity and address (such as your passport, driving licence and a gas or electricity bill). If you are not sure what proof we accept, click here or speak to a customer service adviser on 0345 6005 925^†.

You will also need to confirm your National Insurance Number.

Complete and sign the application form and we will do the rest.

If you change your mind you have a 14 day cooling off period from the day you open your Cash ISA.

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Cash ISA Summary Box

This summary box sets out important information that applies to our Cash ISA account. You should carefully read this document along with the Cash ISA Terms and Conditions to allow you make an informed decision as to whether this product is right for you.

to view the summary box in PDF format, please click below link

If you require this summary box in PDF format, please download here.

Important information

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Information on the tax treatment of ISAs

Investors should be aware that the favourable tax treatment of ISAs may change or not be maintained in the future.

Reference to “tax efficiency” and “tax-free”on this site is based on the assumption that the depositor/investor has received the benefits free of Personal Income and Capital Gains Tax.

The AIB (NI) Cash ISA product does not apply the Government Stakeholder Standards. Accounts that meet the Stakeholder Standard aren’t guaranteed to perform better than other accounts. It is simply that the account meets all of the Government’s requirements.

The limits referred to are in line with tax legislation as at 6 April 2022.

Full terms and conditions are available on request.

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Talk to Us

We’re ready to help you start saving today.

Simply call us on 0345 6005 925^† , or drop into any AIB branch. We’ll be happy to answer any questions you may have and help you find the right kind of savings account for you.

_{^†Lines open: 9am to 5pm Monday - Friday (except on bank holidays). Calls may be recorded. Call charges may vary - refer to your service provider.}