The E-Cash ISA 3 gives your client tax free savings with easy access.

Key benefits

  • Easy access to savings.
  • Internet banking.
  • Minimum balance only £10.
  • Current ISA limit can be found at: www.gov.uk/individual-savings-accounts
  • Transfers from other ISAs accepted.
  • Annual trail fee of 0.01% (paid quarterly).

Download the application form

Download the application form

Take the first step toward setting up a cash ISA product for your client.

Download (PDF, 3MB)

Or speak to a Scottish Widows Bank consultant.

Contact us

Key details


  • Available to customers aged 16 and over.
  • Minimum investment of £10.
  • Maximum investment is specified by the ISA regulations each tax year (see www.gov.uk/individual-savings-accounts for the current limit).


  • Internet banking, telephone and post. 


  • Initial deposit by personal cheque, transfer from an existing Scottish Widows Bank account, or transfer from your client’s main current account.
  • Cheques from an account held in your client's name (building society cheques need to be verified by issuing branch).
  • Third-party cheques are not permitted.
  • Additional deposits by regular or occasional Direct Debit payments from an existing personal current account:
    • Direct Debit mandate (PDF, 67KB) needs to be completed in order to use this facility
    • there must be cleared funds in the personal account
    • regular monthly transfers of additional funds can be arranged.
  • Transfers from other ISAs accepted.


  • No notice period or penalties for withdrawals.
  • Withdrawals will be paid by electronic funds transfer direct to the nominated bank or building society current account.
  • Instructions made by internet banking.
  • Minimum withdrawal £10.
  • Transfers from accounts are free of charge provided there is one business days notice.

Interest payments

  • Interest can be credited to your client’s account with us or to their designated account with any other bank or building society according to their instructions.
  • Interest can be applied annually on 1 April, or twice yearly on 1 April and 1 October.


  • Tax-free interest on savings.

Key documents

Client application form (PDF, 3MB)

Personal Savings Account Conditions (PDF, 372KB)

Interest rates and charges sheet (PDF, 467KB)

FSCS information sheet (PDF, 118KB)

Internet banking user guide (PDF, 598KB)

Cash ISA transfer form (PDF, 596KB)

E-Cash ISA 3 Key Features (PDF, 100KB)

See all our E-Cash ISA 3 forms and guides in one place.

View all literature

Other information you need

  • Our E-Cash ISA 3 is for clients who want easy access to a straightforward cash ISA product that can be managed online. 

    We accept transfers from your client’s current ISA provider(s). 

  • Benefits for you

    • Annual trail fee of 0.01% paid quarterly based on total average clients' balances.
    • No cross-sell guarantee.

    Benefits for your client

    • Flexibility to manage the account by internet banking, telephone or post.
    • Telephone contact 8am-6pm Monday to Fridays.
    • No hidden costs or penalties.
  • Current interest rates and charges

    Effective from 25th May 2021

    Balance tier 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 contact 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.


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

    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.

    Key product information

    Account name

    E-Cash ISA 3.

    Interest rates (AERs)

    Please see above for full information.

    Tax status

    Tax free savings. Interest is payable gross as long as HM Revenue and Customs requirements are met.

    Conditions for bonus payment

    No bonus payment applies to this account. 

    Withdrawal arrangements

    No notice period or penalties for withdrawals.


    Internet, telephone and post.
    • 0.01% annual trail fee, paid quarterly.
    • No minimum or maximum period of client investment.
    • Simple registration
  • Before you apply

    Before proceeding to the application you should ensure that your client has been provided with a copy of the E-Cash ISA Key Features (PDF, 100KB), Personal Savings Account Conditions (PDF, 372KB) and Interest rates and charges sheet (PDF, 467KB) You must also provide a copy of our FSCS Information Sheet (PDF, 118KB)

    Postal application

    Please complete the application form (PDF, 3MB) and Direct Debit mandate (PDF, 67KB)

    If your client would like to transfer cash ISAs from other financial institutions, please complete the cash ISA transfer form within the application form.

    If your client would like internet and telephone banking, please complete the relevant questions in the application form.

    Return all forms to:

    Scottish Widows Bank
    PO Box 883
    LS1 9TY


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