Cash ISA
Easy-access
Bank of Ireland Easy Access Cash ISA
interest rate
£20,000
maximum per year
by WInvest
Who is Bank of Ireland UK?
Bank of Ireland UK is the UK arm of the long-established Bank of Ireland group, offering personal banking and savings products including Cash ISAs, easy-access and fixed-rate accounts. Its Online ISA (including the easy-access component) is provided in partnership with OneFamily and allows UK savers to manage their tax-free savings entirely online, with protection under the UK Financial Services Compensation Scheme (FSCS) up to eligible limits.
Pros and cons
- Pros
- Competitive variable interest rate that may include a fixed bonus for the first 12 months, helping boost tax-free returns
- Easy access—you can withdraw money online at any time without penalties
- Can be opened with a relatively low minimum deposit (from £100)
- Cons
- Interest is variable and can rise or fall at any time
- Not a flexible ISA—withdrawals reduce your current year’s ISA allowance and you cannot replace funds without using that allowance
- Managed entirely online, which may not suit savers who prefer branch-based service or phone support
What is a Cash ISA?
A Cash ISA is a savings account where all interest you earn is completely tax-free. Every UK resident aged 18 or over gets an annual ISA allowance at the start of each tax year. For the 2025/26 tax year (ending 5 April 2026), the allowance is £20,000, and from April 2027 it will reduce to £12,000. Cash ISAs come in different types, including easy-access accounts and fixed-term accounts.
What is an easy-access Cash ISA?
An easy-access Cash ISA allows you to withdraw your money whenever you need it, without paying any penalties. The interest rate is variable, so it can rise or fall over time. Some easy-access ISAs are also flexible, meaning withdrawn money can be replaced without affecting your allowance.
Who is Bank of Ireland Easy Access Cash ISA good for?
The Bank of Ireland UK Easy Access Cash ISA is a good option for savers who want tax-free interest and instant access to their savings without locking money away. It’s especially suitable if you’re comfortable managing your account online and want the potential boost of a bonus-inclusive rate, paired with the flexibility to withdraw when needed. However, it may be less appealing if you prioritise flexible ISA replacement rules or prefer in-branch support for savings accounts.
WInvest Rating
3.0 ★★★
5.0 ★★★★★
Very good experience with the BOI
None of the banks in Ireland are any better than each other but I must say, the Bank of Ireland are definitely the best of a bad bunch in my experience. Moved to them and everything was simple – card came, account set up, chequebook sent, easy. The app is a bit archaic in design but it does the job and it’s much better than the other banks. Even customer service is very easy, very smooth, very pleasant, cut to the chase. In branch too is very handy and everyone in there is very nice. Sending and receiving money is also much smoother. An absolute change over the likes of the AIB or An Post money. An absolute change.
1.0 ★
Zero customer service
I opened a Cash Isa. I have just called to find out if I can transfer the money via bank transfer rather than send a cheque. I have spent 10 minutes going round in circles with their automated system, pressing numbers and getting the same message. I am not putting my money into an account where I can’t speak to anyone. No customer service whatsoever.
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Cash ISA
Easy-access
Minimum deposit
Maximum allowance
£20,000 per year
How to open?
Interest paid
Is flexible?
To Note
- Rate drops after 1 year