FAQs - Savings and Mortgages

You must be 18 or over to open a Cash ISA, Stocks and Share ISA, Innovative Finance ISA or Lifetime ISA.

You may wish to open a Junior ISA on behalf of your child, aged 17 or under. Please note that children born between 1 September 2002 and 2 January 2011 with Child Trust Funds are not eligible to save into a Junior ISA as well. You can however transfer funds from a Child Trust fund into a Junior ISA.

We offer Cash ISA and Cash Junior ISA at Progressive.

There are 4 types of ISA:

  • Cash ISA 

  • Stocks and Shares ISA 

  • Innovative Finance ISA 

  • Lifetime ISA

You can make subscriptions to multiple ISAs of the same type in a tax year, except for Lifetime ISAs. Investors with a Lifetime ISA (LISA) are restricted to subscribing to one LISA per tax year. 

The maximum combined amount you can have across all types of ISA each tax year is known as the ISA Allowance.  All subscriptions you make to ISAs in a tax year must remain within the overall ISA Allowance limit.  

At Progressive, we can only accept subscriptions to one Cash ISA product in the same tax year.  However, you may subscribe to a Cash ISA with Progressive and to other Cash ISAs held with other ISA providers in the same tax year.  All subscriptions must remain within the overall ISA Allowance limit.

There are two types of Junior ISA (JISA):

  • Cash JISA 

  • Stocks and Shares JISA

Unlike ‘adult’ ISAs where you can open and subscribe to multiple ISAs of the same type, each tax year, a child can only hold up to 2 JISAs – no more than one or each type – throughout their childhood

It’s simple. You can transfer your ISA from another provider to Progressive by calling into any of our branches and completing an ISA Transfer Request Form.  Please bring details of your existing ISA and valid photo ID.

At Progressive we can only accept the transfer of your existing Cash ISA with another provider into the following Progressive Cash ISAs: 

  • Cash ISA (Issues 5-6) 

  • Fixed and Variable Rate ISA Bonds 

  • 1 Year Double Access Cash ISA

Alternatively, you can download and complete an ISA Transfer  form and forward it to us, together with a certified copy of valid photographic ID to prove your identity as the account holder.  

You can transfer your Help To Buy: ISA to Progressive from another provider. As you can only have one Help To Buy: ISA open at any time, the whole balance must be transferred, and the account closed. 

Please note, the transfer can take up to 15 banking days to complete. 

Yes, subject to the terms and conditions of the ISA you are applying for.

Yes, subject to the specific account terms and conditions. Your new ISA provider will ask you to complete a transfer form, which they will forward to us to begin the transfer process.

We will first and foremost offer our sincere condolences. We will then guide and support you as to what to do with the account.

Please visit any of our branches or call our helpline on 0800 029 4998, 9am – 5pm, Monday to Friday.  

Our Bereavement Support guide explains all the steps you’ll need to take to sort out any accounts held with us.