What type of ISA does Kroo offer?

Kat
Kat
  • Updated

Kroo Bank offers a Flexible Cash ISA. This means that you can move money in and out of your Kroo Current Account without affecting your ISA allowance.

Kroo ISA summary box

Account name Kroo Flexible Cash ISA
How to open? Must hold a Kroo Personal Current Account
Interest rate 4.30% AER / 4.22% Gross (Variable)
Interest projections Interest is calculated daily and paid monthly directly into the ISA on the first day of the month.
Interest rate changes If you deposited £1000 in the account at the time it is opened and made no further deposits or withdrawals at the end of 1 year, you would earn a total of £43.00.
Withdrawals  Usually instant, may take up to one working day.
Tax benefits Interest is tax-free on balances up to £20,000 per tax year
Minimum deposit £0.01
Maximum deposit £20,000 per tax year
Flexibility Withdraw and replace money without affecting your annual allowance.
Terms & Conditions View here
ISA transfers Transfers out are supported. Transfers in are not yet accepted.
Contact To contact Kroo Bank about your Flexible Cash ISA use the in app chat functionality or email help@kroo.com.

 

Was this article helpful?