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Cash ISA

  • Minimum deposit of £10.
  • No minimum withdrawal.
  • Flexibility to make one-off deposits or to set up regular contributions.
  • Variable interest rate - current interest rate 4.00% p.a. tax-free* AER**.

Managing your account

  • You can access your funds and manage your account with ease through the branch, by telephone, by using our service or .
  • Transfer existing cash or Stocks and Shares ISAs into your Handelsbanken Cash ISA account – speak to your account manager for more details.
  • You can contact the Customer Connect team outside of branch opening hours for assistance on a range of banking matters. 

Which savings account is right for you?

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.

More ways to grow your money

Access the investment expertise of Handelsbanken Wealth & Asset Management specialists and their range of global multi asset investment funds through a Stocks and Shares ISA.

What is the interest rate?

The interest rate below is variable and is correct as at 09 February 2024.
Balance Annual Equivalent Rate (AER)% Tax free per year (variable) %
£0+ 4.00 4.00

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.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Deposit at account opening Interest Earned Balance after 12 months
£1,000 £40.00 £1,040.00

This is an example only and doesn’t take into consideration your individual circumstances. The example assumes that:

  • No further deposits or withdrawals are made
  • There is no change in interest rates
  • The interest earned stays in the account.

How do I open and manage my account?

Any Handelsbanken customer can open a cash ISA account as long as they:

  • Are aged 18 or over; and
  • Are a resident in the UK. (The UK means England, Wales, Scotland and Northern Ireland). Additional rules apply for crown employees and their partners.

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 2024/25 tax year, is set by the UK Government. If you pay in more than the annual ISA allowance any excess will be returned to you.

Can I withdraw money?

You can withdraw your money at any time online, on our app, on the phone or by contacting your branch.

Any withdrawals will lose their tax-free status.

Once your ISA allowance has been reached for the tax year, you can’t later reinvest any withdrawals you made in that tax year. For example, if you invested the full £20,000 then withdrew £500, you wouldn’t be able to reinvest that £500 in the same tax year.

You’ve already used your full allowance when you invested the £20,000.

Additional Information


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).


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.

Become a customer

Find out more about becoming a Handelsbanken customer or call 0800 470 8000 to speak to our Customer Connect team.

Already a customer

To know more, please speak to your account manager at your local branch.

Read more

Manage your savings online

You can manage your savings with ease and convenience with our Individual Online Banking service.

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Important information

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 Cash ISA Terms and Conditions.

*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.