What is a Cash ISA?

• ISA stands for Individual Savings Account and these were introduced by
  the Government to encourage everyone to save for the future by investing in
  tax free savings
• You can invest from £1 up to £3,600 each tax year and benefit from tax free
  savings. The tax year runs from 6 April to 5 April the following year
• You can invest in one lump sum or in any number of smaller payments up to the annual subscription limit (£3,600)
• Please remember you have a maximum Cash ISA allowance of £3,600
  each tax year. This means that you cannot deposit more than £3,600 in a
  tax year, even if you make a withdrawal. For example, if you save £3,600 then
  take out £500, you cannot make another deposit until the next tax year
• ING Direct only offers a Cash ISA

Why choose a Cash ISA?

You may want to consider a Cash ISA because:

• Cash ISAs offer you a simple way to save without paying tax on your interest
• A Cash ISA allows you to save from £1 up to £3,600 each tax year
• With the Cash ISA you can move your money out whenever you like
  with no penalties or charges