Ecology Double Access Cash ISA
This Autumn, fall in love with the Ecology Double Access Cash ISA
The Ecology Double Access Cash ISA lets you save tax-free while keeping access to your money through two withdrawals each calendar year, without notice or charge. You can open and maintain your account with just £50. If you need to make any further withdrawals, you’ll need to close the account.
Your savings earn a variable interest rate of 4.65% AER** / 4.55% tax free* until 30 November 2027, with interest paid monthly. From 1 December 2027, your rate will change to match the Ecology Cash ISA rate applicable at the time. And because you’re saving with Ecology, your money helps projects that are good for the environment and communities across the UK.
* All ISA interest is paid tax-free, which means it’s exempt from income tax and no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future
** AER stands for Annual Equivalent Rate and provides a means of comparing interest rates by showing what the rate would be if interest was paid and added once a year. The AER stated assumes funds are deposited before 30 November 2026.
This account not for you? We'd love you to take a look at our other options
Is the Ecology Double Access Cash ISA right for me?
The Ecology Double Access Cash ISA could suit you if you’re looking for tax-free savings, have at least £50 to save and don’t expect to need regular access to your money. You can make two withdrawals each calendar year without notice or charge. If you need to make any further withdrawals, you’ll need to close the account.
When comparing cash ISAs, consider both the interest rate and how often you may need access to your savings. This account pays a variable interest rate of 4.65% AER** / 4.55% tax free* until 30 November 2027, with interest paid monthly. From 1 December 2027, the rate will change to match the Ecology Cash ISA rate applicable at that time. Transfers in from other Ecology Cash ISA’s and other ISA providers are not accepted, and this is not a flexible ISA.
Who is eligible for the Ecology Double Access Cash ISA?
You must be aged 18 or over and resident in the UK for tax purposes. If you live outside the UK, you may still qualify if you’re a Crown employee serving overseas, or their spouse or civil partner.
The minimum balance to open and maintain the account is £50. You must have sufficient ISA subscription allowance remaining for any money you pay in. The overall ISA subscription allowance for the 2026/2027 tax year is £20,000 across your ISAs.
Additional Information
You should read the following documents before applying for a Ecology Double Access Cash ISA account:
Prefer to manage your savings on the go?
Download our app
Or if you prefer, call or email us.
-
01535 650770
-
[email protected]
- Monday to Friday 9am to 5pm (opening at 10am on Tuesdays)
FAQs
A Cash ISA is a type of ISA savings account that lets you earn interest on your savings without paying UK income tax on that interest. Every tax year, you can save up to your annual ISA allowance across eligible ISA products.
An Ecology Cash ISA is also an ethical Cash ISA, meaning your savings help fund sustainable housing and environmental projects across the UK while your money grows tax-free. It’s a simple way to save for the future while supporting positive environmental change.
Yes, you can have more than one Cash ISA, providing you do not invest more than £20,000 into your ISA(s) in a tax year. So if you haven’t used up your 2026/2027 allowance you can open an Ecology Double Access Cash ISA. You can then top it up in the new tax year from 6 April 2027 when your allowance resets.
Based on an interest rate of 4.65% AER tax-free, the balance on a £1,000 deposit after 12 months would be £1,046.50.
This illustration is an example to help you compare accounts. It does not take into account any individual circumstances.
Yes, the interest rate is variable so it may go up or down dependent on the Bank of England Base Rate. Where we change the rate, we’ll act reasonably and only make the change if we believe it’s fair in the circumstances. If the interest rate is going down we will send an email, letter, SMS or push notification (in the app) 14 days before the change. If the rate is going up, we will put a notice on our website as soon as possible.
For further information regarding interest rate changes including the process for notifying you, please refer to section 10 in our General Savings Terms and Conditions.
Applications can be made online, through the Ecology App, or if you operate your account by post by posting a completed application form.
The ISA investment will be, and must remain in, the beneficial ownership of the investor and must not be used as security for a loan.
You can manage your account using our Online Service and Ecology App.
You can view your account transactions, send secure messages and request withdrawals online or through the Ecology App.
Deposits to this account can be made from your linked account by bank transfer, Standing Order, or transfer from another Ecology savings account.
The ISA investment limit for the 2026/2027 tax year is £20,000 and the minimum amount to open and maintain an Ecology Double Access Cash ISA is £50.
Only one account can be opened per customer.
Yes, you can make two withdrawals each calendar year without notice or charge.
Withdrawals can be requested online, in the app, by telephone, or if you operate your account by post, by using a withdrawal form downloaded from our website.
Withdrawals will be sent to your linked account and will be confirmed to you by email or post.
For withdrawals via the app or Online Service, there is a daily £25,000 limit. For higher withdrawal amounts, please call Member Services. If you arrange your withdrawal online or in the app, the withdrawal will be immediate. If you arrange your withdrawal by post or telephone, the withdrawal will be the day we process your withdrawal
request.
You can make two withdrawals from your Ecology Double Access Cash ISA each calendar year without notice or charge. Your withdrawal allowance resets on 1 January, rather than on the anniversary of opening your account. If you need to make any further withdrawals in the same calendar year, you’ll need to close the account.
No. Withdrawing money does not restore your ISA subscription allowance. You can only replace withdrawn money if you have enough of your allowance remaining, and any replacement payment counts towards that allowance.
For example if you deposit £20,000 and withdraw £5,000 you cannot replace that £5,000.
Yes, the interest payment terms will not change.
No. Transfers in from other ISA providers or existing Ecology Cash ISA’s are not accepted, whether the money was saved in the current tax year or previous tax years. Payments into this account must be within your remaining ISA subscription allowance, you can have more than one Cash ISA providing you don’t invest over more than your overall ISA limit.
No, the rate is not fixed but is a variable interest rate of 4.65% AER** / 4.55% tax free* until 30 November 2027, with interest paid monthly. From 1 December 2027 it will change to match the Ecology Cash ISA AER.
Yes. It is a limited access cash ISA that allows two withdrawals each calendar year without notice or charge. Your withdrawal allowance resets on 1 January. If you need to make any further withdrawals in the same calendar year, you’ll need to close the account.
Compare the interest rate, withdrawal rules, minimum balance and whether the account accepts ISA transfers. When comparing limited access ISA rates, also check whether they are variable, include an introductory bonus or change after a specified date.
The Ecology Double Access Cash ISA pays interest monthly and allows two withdrawals per calendar year. You can open it with £50. It does not accept transfers in from other ISA providers and is not a flexible ISA.
