Before you apply
- 2 withdrawals a year.
- The term is 1 year.
What you'd earn in a year
If you save
- Interest at 4.50% AER
- £225.00
- About
- £225.00
Before tax: about £225 a year on £5,000. Information only, not a recommendation.
Is my money safe?
FSCS protected: up to £120,000 per person, per banking licence.
This account is on the Progressive Building Society licence.
Legal name: Progressive Building Society.
Check protection on the FSCS website ↗ (opens in a new tab)Key facts
Money in and out
- Minimum deposit
- £1
- Withdrawals
- 2 withdrawals a year
- Manage
- Online
Interest
- Rate
- 4.50% AER variable
- Gross rate
- 4.50%
- Interest paid
- Annually
- Term
- 12 months
Who can open it
- ISA
- Cash ISA
New money limited to your £20,000 yearly ISA allowance.
Source: theprogressive.com · Last verified 17 Oct 2026, 09:51 UK time
Rate history
We started tracking this account on 14 Oct 2026. Further changes will show here.
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