Individual Savings Accounts (ISAs)

What is a CAT standard ISA?

The Government has laid down a set of standards to help savers find ISAs that offer reasonable Charges, easy Access, and fair Terms – which is why they are known as the ‘CAT’ standards.

You may want to see if the ISA you are considering meets the relevant standard. ISAs that do are likely to make this clear in their leaflets and posters.

CAT standard ISAs will not necessarily be suitable for all savers. If a product meets the CAT standards, it does not mean that the performance of the investment is guaranteed, or that the Government has approved the product.

Managers of CAT standard ISAs are committed to treating customers fairly. This means they use plain English and avoid complex or misleading features. In other words, CAT standard ISAs should be simple, clear and fair. CAT standard ISAs are available for sale on their own. Savers are not forced to buy any other product along with a CAT standard ISA.

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