More about our ISAs

An ISA is an Individual Savings Account. They allow UK taxpayers to benefit from tax-free interest on their savings – so the interest you earn is all yours.

The UK government sets a maximum amount you can invest in an ISA in each tax year. This is known as an ISA allowance and it can be split between Cash ISAs and Stocks and Shares ISAs.

The ISA allowance for the current tax year 2019/2020 is £20,000.

Note: Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in future.

Making ISAs easy

At Ford Money it is important to us that your money does what you want it to do - that it’s accessible, while still benefiting from the best rates we can offer. We therefore offer both ISA Flexibility and ISA Portfolio features with our Cash ISA products.

What does this mean for your ISA money?

Each tax year you can only choose one provider with whom to hold a Cash ISA. In order to give you maximum flexibility our Cash ISA products operate as a Portfolio ISA, which allows you to spread your current Cash ISA subscription across multiple Ford Money Cash ISA products. This will give you greater freedom to manage your savings around your own needs. For example:

If you had £20,000 to invest, but did not want to lock it all away for a fixed term, you could split your cash between several of our products. This could mean putting £5,000 in a Flexible Cash ISA, £5,000 in a 1 Year Fixed Cash ISA, and the remaining £10,000 in a 2 Year Fixed Cash ISA.

We also accept “transfers-in” of prior year ISAs and you can spread this money between products as well.

What’s more, all Ford Money Cash ISAs have ISA flexibility, meaning that you can withdraw and replace money from your Ford Money Cash ISA in the same tax year without losing any of your tax-free entitlement. For more details on ISA flexibility and ISAs generally visit the HMRC website.

Please note: some ISAs, such as those with fixed terms, impose a term breakage charge for early withdrawals, so make sure you check your Terms and Conditions.
You can hold a maximum of £2,000,000 in our ISA accounts (excluding Regular Cash ISA), so you can transfer in any ISA balances you have from previous tax years whether they’re with Ford Money or from another provider.

ISA eligibility

If you’re 16 years of age or older, and a UK resident with a National Insurance number then you’re eligible to open an ISA. If you don’t have a National Insurance number, it may still be possible for you to open an ISA. Call us on 0345 266 1231 for further details.

The ISA tax year

The tax year runs from 6th April to 5th April.

ISAs and your Personal Savings Allowance

Individuals in the UK are given a tax-free Personal Savings Allowance (PSA) each year (up to £1,000 of interest for basic rate taxpayers, £500 of interest for higher rate taxpayers). Saving in an ISA will help you to make the most of this as interest from Cash ISAs doesn't count towards your PSA, so you can earn it tax-free, and still have your full £1,000 (or £500) PSA allowance.

Not only is your money tax-free now, it will remain so in the future - regardless of any changes that may be made to the Personal Tax Allowance by future governments.

Note: Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future.

Transferring an ISA to Ford Money from another provider

You can request to transfer current or previous ISA savings into a Ford Money Cash ISA during the application process, apart from with our Regular Cash ISA, which you will need to contact us over the telephone to discuss. This is due to it having a restricted initial funding limit which may mean this product is not suitable for your ISA transfer.

If you already have a Cash ISA with us you can download the appropriate transfer form below. You may transfer an existing Stocks & Shares ISA to fund your Ford Money Cash ISA but please note that some or all of these investments will be sold as only cash may be deposited into a Ford Money Cash ISA. We would therefore recommend seeking advice before making this transfer. There may also be restrictions or fees applicable to these sale transactions stated within the Terms and Conditions of your Stocks and Shares ISA, so it is advisable to check with your existing ISA provider for full information.

A Cash ISA transfer form is available as a downloadable PDF here.
A Stocks and Shares ISA transfer form is available as a downloadable PDF here.

Transfers must be completed within 14 calendar days from the date we receive your application.

Transferring your Ford Money Cash ISA to another provider

It’s possible to do this, but please remember that if you hold one of our fixed rate Cash ISAs a Term breakage charge may apply. Check your product Terms and Conditions for details. You’ll need to contact your new provider and instruct them to request a transfer from us.

Help Articles


Saving With Ford Money

How to open and manage accounts, deposit information, Nominated Account, passwords, your Customer ID - and a guide to tax and savings.


Opening an account

Opening/managing joint accounts

FATCA and CRS (for non-UK only Tax residents)

Savings and the Personal Savings Allowance

Making a deposit

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The Basics

Information on our opening times, contacting us, online security, what to do if you have a complaint - and more.


How to contact us

Our relationship to Ford Motor Company

Your privacy rights

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If you have a complaint

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About Our Products

This section covers the ins and outs of all our products including deposits, balances, terms, withdrawals and more.


Our Flexible Saver

Our Fixed Saver

Our Flexible Cash ISA

Our Fixed Cash ISA

More about our ISAs

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Online Account Management

Run your Ford Money account: from changing interest frequency and making withdrawals, to login troubleshooting and customising your account.


Accessing your account

Managing your account

Changing your Nominated Account

Managing your personal details

How to review and select your maturity options

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