Ethical Cash ISA

It’s not just about growing your savings. It’s about making a difference.

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Make your money matter with an Ethical Cash ISA

It’s not about profit alone. It’s about purpose. Invest in your future and your community at the same time.

Our ISA investors value a fair return, but what truly matters to them is knowing their money is actively creating positive change in their communities. You can see this in action with Our Foundation.

Our tax-free Cash ISA isn’t just a savings account. It’s a way to invest in your community. Your deposits help fund local projects, support financial inclusion, and drive economic growth where it’s needed most.

What makes our Cash ISA so special?

Investing with a not-for-profit community-focused bank means your savings are making a valuable contribution to local communities across the region we serve.

Without our members and their deposits we wouldn’t be here to do the things we do:

Support financial inclusion

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Encourage life-long savings habits

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Support financial education

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Support grass-roots community groups

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Provide support and grants to local groups and community projects

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Offer affordable loans to everyone without discrimination

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Support economic development in local communities

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Cash ISA Information

    • Account Name: Ethical Cash ISA

    • Dividend Rate: You’ll earn a yearly dividend on your savings but bthis is not guaranteed and based on the banks performance. The rate might go up or down over time.

    • When It's Paid: Your dividend is added to your account once a year, on 15th October.

    • Minimum to Open: £1

    • Maximum You Can Hold: £45,000

  • To open this ISA, you must:

    • Be 18 or older

    • Live in the UK

    • Open the account in your own name (you can’t open one jointly)

    • You can open it online

  • You can take money out at any time by making a transfer online, telephone or through our app. This is a same day instant access account.

    Important: This ISA isn’t flexible. That means: If you put in £10,000, take out £1,000, and want to top it up later, you can only add another £10,000 that tax year – not £11,000.

    You can’t withdraw money in cash or by cheque.

  • You can add money by transferring it from another UK account using online banking or a standing order.

    You can also move money from another ISA by filling out a transfer form.

    You can’t add money by cash or cheque.

    • The ISA allowance for this tax year is £20,000.

    • You can split your allowance across different types of ISAs (e.g. Cash ISA and Lifetime ISA), but you can only pay into one Cash ISA per tax year.

    • If you withdraw money from a non-flexible ISA it still counts as part of your annual limit if you pay it back in later.

    • If you don’t pay anything into your ISA during a full tax year, you’ll need to make a new ISA declaration before you can start saving again.

    • If you pay in too much, the extra will be returned to you or moved to a different non-ISA account, and HMRC may take action or adjust your tax records. Tax-free means that any interest or dividend payment will be free from UK Income Tax. The advantages of which depend on your individual circumstances and the tax treatment of your ISA may change in the future.

    • Opening a cash ISA will limit the amount that can be invested in stocks and shares.

    • The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future

  • As a mutual, we offer dividends rather than interest. A dividend is like a ‘profit share’.

    We distributed profits (known as surpluses) in many ways including dividends to our members.

    The dividend is decided by the Board of Directors annually in October. Dividends are normally paid out the same month.

  • We don’t take risk with your money. Deposits are safe with us and your savings are protected under the Financial Services Compensation Scheme (FSCS) – up to £85,000 per person.

Download the Ethical ISA T&Cs

If your ready for your community focused Cash ISA, start now.

Apply