Instant Access Cash ISA
Access your ISA, any time
With our Instant Access Cash ISA you can earn tax-free interest. Keep your money stashed away all year, or take it out and put it back in whenever you like - it's your choice.
Fancy a top-up?
You can pay in money when you like up to £20,000. Plus, you can transfer in money from previous years’ ISAs.
Interest without the tax
Earn 1.00% AER* / UK Tax Free on your savings
In response to the Bank of England Base rate change on 08 May 2025, this rate will change to 0.90% AER* / UK Tax Free (variable) on 04 June 2025. Variable rates can go up and down.
Flex your ISA
Take money out and put it back in the same tax year, as long as you don’t go over £20,000.
See all the ways you can save
See how much you could save with an Instant Access Cash ISA Account when you try our new Savings Calculator tool.
Open an account
Come and see us in store
The Nuts and Bolts
We’re up front with our customers about everything. We’ve created this handy summary of our Instant Access Cash ISA's key features so you can see the important information from the get-go.
| Interest rate | Minimum balance | Interest paid |
|---|---|---|
Standard Variable Rate of 1.00% AER* / UK Tax Free (variable) |
£1 |
Annually |
In response to the Bank of England Base rate change on 08 May 2025, this rate will change to 0.90% AER* / UK Tax Free (variable) on 04 June 2025. Variable rates can go up and down.
*AER stands for annual equivalent rate. It shows how much the interest rate would be if the interest was worked out once a year. You can use it to compare different financial products.
Gross rate is an annual contractual rate which is calculated daily and paid out at a frequency applicable to the product.
Eligibility
You can apply to open an account if:
- You’re aged 18 or over
- You have a National Insurance number
- You’re resident in the UK. You’ll also need to provide proof of your identity and address. If you’re not a UK, EU, EEA or Swiss national you’ll need a valid visa/residence permit. Here’s a list of what you need.
Annual ISA allowance and interest
You are allowed to subscribe to multiple cash ISAs in a tax year across all ISA providers, but will be able to subscribe to only one Metro Bank ISA in a tax year. You can save or invest up to £20,000 in total the 2025/26 tax year into a combination of the following ISA types; Cash ISAs, Stocks and Shares ISAs, one Lifetime ISA and Innovative Finance ISAs.
Withdrawals and notice periods
Unlimited access to your money. No notice needed. Funds withdrawn can be replaced in the same tax year.
Transfers in
You can transfer money from an ISA with another bank or building society to our Instant Access Cash ISA. And you’ll earn interest on this money before it even arrives in your account – we'll backdate the interest to the date the transfer form was signed.
This doesn’t apply to transfers from accounts where you have to give notice to take money out. It also doesn’t apply when you’re transferring money from a stocks and shares ISA. In these instances interest will start from the day funds are received.
You can transfer as many previous years’ funds as you like and this will not impact this year’s ISA subscription amount.
If you wish to transfer in previous years funds, please visit your local store.
Charges for banking services
We’ll charge you for issuing a banker’s cheque. Each cheque costs £15.
Get all the details to read at your leisure
Download our PDF to read when you like - it contains all the ins and outs of our Instant Access Cash ISA.
Instant Access Cash ISA Details (PDF)(846KB)
Our Service Relationship with Personal Customers (PDF)(1.2MB)
For more information regarding your FSCS protection, please see the FSCS Information Sheet and Exclusion List.
FAQs
I'm an existing customer who holds an account with a variable rate. How will you let me know if my rate is changing in response to a Bank of England Base Rate change?
We'll write to existing customers who are impacted by a change, in line with the timescales outlined in our Terms & Conditions. We'll also update our website with any pending changes.
How do I pay money into my account?
There are a few different ways you can pay money into your Metro Bank account, the fastest being a payment from one bank to another. You can also deposit a cheque or pay cash* into your account at your nearest store.
*Please note that you may be asked additional questions about the source of funds to help keep your money safe.
We’ve introduced limits on the amount of cash customers can pay into their Metro Bank account each day.
- Personal accounts – new daily limit £5,000*
- Business accounts (including community accounts) – new daily limit £10,000*
*If you are depositing foreign currency into a ‘regular’ GBP or a Foreign Currency Account, this will be the GBP equivalent of the above limits using the exchange rate on the day of the deposit
The new cash deposit limit for Commercial Current Accounts won’t be introduced until early 2023. If you have this type of account, your Relationship Manager will be in touch nearer the time to discuss the new limit with you.
Changes to who can pay in cash
To pay cash into a Metro Bank account you must either:
- be named on the account, or
- have authority to manage the account – e.g. power of attorney, or
- be paying less than £250 into a Young Savers account if you are not named on the account (the account holder or a named person on the account can pay in larger amounts), or
- an employee paying into a business or commercial account for your employer, using a pre-printed paying-in slip issued to the account holder.
Exchanging cash
You can only exchange cash over the counter if you’re a Metro Bank customer.
What does tax-free interest mean?
We give you interest on the money you put away in your cash ISA. You don’t have to pay UK income tax or capital gains tax on this interest. It doesn’t count towards your Personal Savings Allowance and you don’t need to put it on your tax return.
The interest from ISAs doesn’t count towards your Personal Savings Allowance.
Can I take money out of an Instant Access Cash ISA?
Yes. You can take money out whenever you like. If you can afford to put some money away for longer, you might be interested in our Fixed Rate Cash ISA
Can I replace money I’ve taken out of my Instant Access Cash ISA in the same tax year?
Where can I find the rate for my Metro Bank account that’s now closed to new savers?
You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Products.
I currently receive a Limited Edition interest rate. Can this rate change?
Our Limited Edition rates are variable throughout the term and we review these regularly in line with changes in the savings market. We’ll let you know if we decide to change the rates on any savings accounts, including Limited Edition rates, in line with our Terms and Conditions.
Limited Edition rates will not drop below the Standard Variable Rate for each product.
I’ve received an email or letter from Metro Bank about my Limited Edition rate. Why is this?
Our Limited Edition rates are variable throughout the term and we review these regularly in line with changes in the savings market. In line with our Terms and Conditions, if we decide to make any changes to interest rates, we’ll let you know by email or letter.
I am under 18 but already have a Metro Bank ISA. Can I continue to use this?
Yes. Customers who are aged over 16 but under 18, with an existing Metro Bank Cash ISA can continue to subscribe to this.
I am under 18 and would like to open a new Cash ISA with Metro Bank. Can I do this?
No. Following new ISA rules introduced in 2024, you need to be 18 or over to open a new ISA with Metro Bank.
I have subscribed to a Metro Bank ISA after 06 April 2025 and would like to subscribe to another Metro Bank Cash ISA in the same tax year. Can I do this?
No. You are able to subscribe to only one Metro Bank ISA in a tax year and will need to ask us to transfer your current year's subscription to a new Metro Bank ISA if you'd like to subscribe to another one with us.
How can I withdraw money from my Instant Access ISA?
You can withdraw funds from your Instant Access ISA by visiting your local store or by calling us on 0345 0808 500.
Call charges might apply – please check with your service provider.
How can I close my account?
You can close your account by visiting your local store or by calling us on 0345 0808 500. Call charges might apply – please check with your service provider.
If there’s a balance in the account, the funds will need to be withdrawn before the account can be closed.
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FSCS
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Your eligible deposits with Metro Bank are protected by the FSCS.