Our Workplace Flexible Cash ISA is a great way to take advantage of your 2025/26 ISA allowance of £20,000 if your employer is enrolled in our Workplace Savings scheme. You’ll have instant access to your funds and the flexibility to replace any money you withdraw without affecting your ISA allowance, as long as it’s done in the same tax year.
Rates effective from 13 June 2025.
Key features:
Account name
Workplace Flexible Cash ISA (Issue 1)
What is the interest rate?
| Annual | ||
|---|---|---|
| Balance | Tax-free* | AER† |
| £25+ | 3.00% | 3.00% |
Rates effective from 13 June 2025.
Interest earned daily and paid annually on 05 April.
Can Marsden Building Society change the interest rate?
The interest rate is variable so we can increase or decrease the rate at any time.
If the interest rate on your account falls, and the balance in your account is £100 or more, we will personally notify you of the change.
All our interest rates are available in our branches and on our website.
For more details about why we may change the rate, and when we’ll let you know about a change, please refer to our Retail Savings Terms & Conditions.
What would the estimated balance be after 12 months based on a range of deposits?
If you saved £20,000, the estimated balance after 12 months would be £20,600.
If you saved £1,000, the estimated balance after 12 months would be £1,030.
These examples assume that the account is opened with the amount stated on 06 April, no withdrawals or further deposits are made throughout the 12 months, the interest earned is added to the account annually, and no changes are made to the current interest rates. They are provided for illustrative purposes only and do not take into account your individual circumstances.
How do I open and manage my account?
This account is available to UK residents and can be opened and operated online only. You may be able to open an account if you are not a UK resident. Please see ‘Eligibility’ on page 2 for more details.
To open this account, your employer must be enrolled in our Workplace Savings scheme. When registering, you’ll be asked to give your employer’s name.
You can only open one Workplace Flexible Cash ISA and one Workplace Easy Access Saver.
The minimum balance to open the account is £1. The maximum amount you can save into this account is £20,000, regardless of tax year allowances. The overall maximum holding by any one person in respect of all savings accounts with the Society is £250,000. This includes money held in a joint account.
You’ll need to save at least £5 per month into this account and this payment must be made by your employer from your wage, post-tax and other deductions. Once the account has been opened, tell them how much you’d like to save each month and they’ll arrange this for you.
Additional deposits can be made at any time up to the maximum allowed. Payments not made by your employer must be electronic payments from another account you hold with a UK bank or building society (including standing order but not direct debit).
Current year’s subscription only. Transfers of used ISA allowances are not permitted.
Can I withdraw money?
You can withdraw from your account whenever you need to using our eSavings platform. Payments will be sent to the nominated bank account you set up during registration.
This account is flexible, so you can withdraw money and put it back without affecting your ISA allowance, as long as it is done in the same tax year and the account remains open.
If you want to transfer your ISA to another provider, please speak to us as we will need to arrange an ISA Transfer to protect the tax-free status of your savings.
You can close the account at any time if you need to, however, please be aware that closing the account means ISA status will be lost.
Additional information
*Tax-free means that interest is not subject to income tax.
†AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.
Interest will be paid tax-free. The favourable tax treatment of ISAs may change in the future.
Download our full savings terms and conditions: Retail Savings Terms & Conditions (PDF)
Download our product terms and conditions: Workplace Flexible Cash ISA (PDF).
To apply online, visit our ‘eSavings’ platform and follow the steps on screen.
Download our list of Identification Requirements: Identification Requirements (PDF)
Please note, products can be withdrawn at any time and without notice.
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.
01282 440500 * 
