Choose our Cash ISA if you are able to take advantage of tax-efficient savings and can invest up to £20,000 per year. If you want a fund for everyday expenses, or unexpected emergencies then take a look at our Instant Access Account.
If you would like your money to earn higher interest and don’t need instant access, chose our 10 or 35 day Notice Deposit Accounts.
The interest rates below are variable and correct as at 19/05/2025.
Interest is calculated on the daily balance and credited to the account annually on or around 5 April and on the closure of the account.
Yes, these rates are variable. We can increase or decrease the rate for any of the reasons set out in the Handelsbanken Individual Banking Terms and Conditions. If the interest rate is reduced, we’ll give you at least 14 days’ notice of the change. A longer period may be required as a result of any change in law or regulation. If the interest rate is increased (which may be applied immediately), we’ll give you notice either before the change happens or as soon as possible afterwards. Please see the Handelsbanken Cash ISA additional terms for more details on when we may change the interest rates and the notice that we’ll give you.
This is an example only and doesn’t take into consideration your individual circumstances. The example assumes that:
Any Handelsbanken customer can open a cash ISA account as long as they:
If you’re already a Handelsbanken customer, then speak to your account manager at your local branch. If you’re a new customer to Handelsbanken then call 0800 470 8000 to speak to our Customer Connect team.
A Handelsbanken Cash ISA can only be opened in an investor’s sole name.
Manage your account
You can open an account through your branch, and it can be managed online, through our app, by telephone or through your branch.
Deposits into your account are called ‘subscriptions’.
Deposits and subscription limits
There is a minimum deposit of £10 to open the account with no maximum balance limit. The ISA allowance, currently £20,000 for the 2025/26 tax year, is set by the UK Government.
You can withdraw your money at any time online, on our app, on the phone or by contacting your branch.
You can reinvest any withdrawals you make in the current tax year, but only up to the maximum allowance for the current tax year.
For example, if you invested the full £20,000 then withdrew £500, you are able to reinvest that £500 in the same tax year.
Tax
Interest will be paid without the deduction of tax as long as you comply with the relevant regulations of the Individual Savings Account Regulations 1998 as amended from time to time (the ISA Regulations).
Definitions
Annual Equivalent Rate: Annual Equivalent Rate (AER) is a figure which shows what the interest rate on an account would be if interest was paid for a full year and compounded.
Tax-free: Interest which is exempt from the UK income tax.
To know more, please speak to your account manager at your local branch.
The annual investment limits and tax rules are set by the government and are subject to review. Tax treatment depends on the circumstances of each customer and may be subject to change in the future.
You are restricted in the amount you can invest in ISAs. Opening a Cash ISA with Handelsbanken may limit the amount you can invest in a Stocks and Shares ISA.
Our variable rate can increase or decrease. For material interest rate changes that are not to your advantage, we will notify you in advance in line with your Handelsbanken Cash ISA additional terms.
*Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
**AER: Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each tax year.
