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E-Cash ISA 3

The tax-free savings option

E-Cash ISA 3 Interest Rates and Charges

The E-Cash ISA 3 offers a winning combination of quick access and tax free savings.

Current Interest Rates and Charges

Effective from 25th May 2021

Balance AER/tax free (variable) Charges
£10 and over 0.01% Withdrawals by CHAPS transfer to another UK account - £25
We may charge for duplicate statements - £5

Previous Interest Rates

For previous interest rate information for your account please call our customer service team on 0345 845 0829.

Interest Payment Periods

Interest can be paid annually on 1 April, or twice yearly on 1 April and 1 October.

Introduced Accounts

If your application is submitted to Scottish Widows Bank by an introducer, the introducer will receive a trail fee of 0.01% annually based on the average balance in your account.


On the interest rate table you may see some terms you are unfamiliar with. These are:

Tax Free — This is the contractual rate of interest payable where interest is exempt from income tax.

Tax treatment depends on your individual circumstances and may change

AER — Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. (As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time).

The AER advertised is based on interest paid gross and capitalised to the account once a year– please note that other interest payment periods are available and the actual interest rate on your account will be lower if you have interest applied more frequently, but when compounded will equal the AER.