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Cash ISAs

Two mature friends smiling and discussing the benefits of opening a cash ISA with the Marsden Building Society.

Take advantage of your 2024/25 ISA allowance of £20,000. We offer a range of Cash ISA accounts depending on how you want to access your money. You can also transfer used ISA subscriptions from other providers if this is permitted in the product terms and conditions. View the accounts currently available below, which can be opened in any one of our branches.

If you're planning on visiting a branch to open a savings account, please phone the branch before you visit to check if an appointment will be required. Branch telephone numbers can be found on our 'Find a Branch' page.

Product type

Access

120 days' notice

Min. opening balance

£1,000

Rates up to

3.75% tax-free p.a. /AER variable

Product details

Rate shown from £1,000

More details

Access

Easy access

Min. opening balance

£25

Rates up to

3.55% tax-free p.a./AER variable

Product details

Rate shown from £25,000

More details

A Cash ISA is a savings account that allows you to earn tax-free interest. This means you won't have to pay UK income tax or capital gains tax on the interest you earn, as long as you don’t exceed your ISA allowance.

ISAs benefit from an annual tax-free allowance, which is set by the government and resets every tax year on 6 April. The allowance for the current tax year is £20,000. This means you can save up to this amount without paying tax on the interest earned.

For more information about the ISA allowance, take a look at our ISA guide.

When transferring a Cash ISA, you must request an official ‘ISA transfer’ to avoid losing the tax-free status of your savings. It may be possible to transfer used ISA allowances into a Marsden account, depending on the terms and conditions of the account.

If you’d like to transfer your ISA funds to us, you can download an ISA Transfer form here or contact your local branch to speak to our team.

Whether or not you can withdraw from a Cash ISA depends on the type of ISA you have:

  • For a Branch Cash ISA, you can withdraw your funds whenever you need. However, notice accounts will require a set notice period before making a withdrawal, as per the terms of the account.  
  • If you have a Flexible Cash ISA, your remaining tax-free allowance will not be reduced with each withdrawal.
  • With a Fixed Rate Cash ISA, partial withdrawals are not allowed during the fixed term. If you close the account before maturity, there will be an interest penalty.

Once the account has been opened, you can manage it in branch, or register for eSavings to view the account online.

Additionally, our online savings accounts can be opened and managed online, subject to availability.

ISA allowance guide

ISA allowance guide

Mum-to-be smiles at her baby shower having saved for her child using her ISA allowance.

Everything you need to know about the ISA allowance and our ISA accounts. 

ISA guide
Savings jargon buster

Savings jargon buster

Man sat at table with a laptop and reading paper

Our jargon buster breaks down some of the most common savings terms and abbreviations. 

Savings jargon
Opening an account

Opening an account

Couple sat on sofa looking at a tablet

Here's how you can easily open a building society account with us. 

Find out more
Smiling Marsden colleague on hand to help customers

We're here to help

We want to provide the best service possible, so if you have any questions, get in touch. You can contact us by phone, visit us in branch or email us – we’ll be happy to help.

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