The exclusive accounts are limited by everything from where you live to what job you do – but can pay out great returns if you qualify
It’s almost the end of the tax year and if you’re hunting for a home for your ISA savings, you’ll probably be looking for an account paying a high rate of interest, and ideally one that meets your requirements when it comes to accessing the cash.
But did you know there are hundreds of accounts – cash ISAs and savings accounts – which do just this but only allow certain people to sign up? These limited accounts have strict rules around who can join, and benefit from the interest, and they usually depend on the type of job you have or where you live.
Here we look at what types of accounts these are, how much interest they pay, and who can get one.
Some articles on the site contain affiliate links, which provide a small commission to help fund our work. However, they won’t affect the price you pay or our editorial independence. Read more here.
What are restricted savings accounts?
There are hundreds of savings accounts around, but some have special rules around who can open them.
You might have to be an existing customer at the bank already, for example, or earn a certain amount of money or the account might only be open to people living in a specific area or those with a certain job.
While there are still lots of accounts with no restrictions, if you’re eligible for a restricted savings account, in some situations you could end up with a higher interest rate than other standard accounts.
Why can’t anyone open one of these accounts?
Some savings accounts and ISAs are open to anyone but in some situations banks might want to limit the number of people who sign up. This might be so they don’t have too many people signing up (as for everyone who signs up the bank will have to pay out interest).
Banks and building societies often launch restricted accounts to reward loyal customers, such as those only open to someone with an account at the bank. This is also an incentive to get people to sign up to a current account, if they then get access to a linked savings account.
They can also launch these accounts to reward certain professions, such as teachers, the police, or those in the armed forces.
Some providers may also put a limit on the number of people who can sign up, and one way to do this is by restricting the account to those living in a certain postcode.
What do savings providers base their restrictions on?
Savings providers can decide who they want as customers and often they do this with restrictions on who can open an account. They will usually restrict customers by applying one of the following categories:
- Postcodes: only people living in a specific area will be able to open a new account
- Existing customers: only those who already have an account with the provider (for a set period of time) will have access to the savings accounts or ISA.
- Linked account: you’ll only be able to open a savings account if you have (or open) a linked account, usually a current account
- Profession: you’ll only be allowed to open an account if you’re a current (or sometimes former) employee at a specific line of work, such as teachers, farmers or firefighters.
- Income: some accounts are only for those with a premier account at the bank, which are only given to higher earners
Featured investing offer
Customer rating
3.8/5
- Offerfree £50 in fractional shares*
- Annual fee£0
- Investment stylesShares, funds or ready-made portfolios
- Minimum deposit$50
- FSCS Protected? Yes
- Interest on uninvested cash 3% on balances up to $50,000, 3.8% on balances over this
- Fractional shares Yes
- Foreign exchange fee 0.7%
- Fund fees If you invest in funds, you'll have to pay fund fees, which cost on average ~0.16% per year, with additional market-spread effects up to 0.05%
- Offer You need to sign up, verify your account and deposit at least £200 to get the free assets. ISA deposits aren't included in the £200 requirement to get the offer.
- Authorised and regulated by the Financial Conduct Authority Yes, FRN 583263
- Risk warning The value of your investments may go up or down. Your capital is at risk. ISA powered by Moneyfarm. ISA rules apply. UK residents only.
- Accounts available General investment account, stocks and shares ISA (additional fees apply)
The best accounts with restrictions
Your best savings account or cash ISA depends on lots of things such as the amount of money you have available to put away, how you want to manage and access the cash, and how long you want to put it away for.
There are 225 savings and 82 cash ISAs currently open for selected customers, according to Moneyfacts, and here are a few examples. If you aren’t eligible, there are still hundreds of other savings accounts to choose from though.
Here are the best restricted-access accounts on the market, who qualifies, and the best deal we can find elsewhere as a comparison:
Best rate for new customers only: Trading 212 cash ISA AER 4.68%
- Variable rate
- Only new customers have access to the top rate
- Interest paid monthly
- Best unrestricted offer: Tembo Money Cash ISA – 4.55%
Locals to postcodes AL, LU, HP or WD: Harpenden BS cash ISA AER 4.12%
- Fixed rate for 12 months
- Only available if you live in the specified postcodes
- Interest paid on anniversary
- Early access available but only if you close the account – and you’ll face a penalty of 90 days’ lost interest
- Best unrestricted offer: Tembo Money Cash ISA – 4.55%
Existing customers only: Saffron BS loyalty ISA AER 4.10%
- Fixed interest rate for 12 months
- Only open to customers who have a savings or mortgage account with Saffron BS for three months or more.
- Interest paid annually
- Early access available but only if you close the account – and you’ll face a penalty of 180 days’ lost interest
- Best unrestricted offer: Tembo Money Cash ISA – 4.55%
Police only: No1 Copper Pot Credit Union notice Plus Account AER 4.5%
- Pays out dividends instead of interest
- Only for service police officers
- In December 2025 paid a rate of 4.5% AER
- Customers earn at least 0.5% more if they give at least 90 days notice of a withdrawal
- Best unrestricted offer: GB Bank – 4.08%
Farmers only: Oxbury Transition Facility three-month savings account AER 4%
- Fixed rate three-month bond
- Open to those in the farming industry
- Interest paid at maturity
- Best unrestricted offer: Zopa 4.16% for six months
Fire fighters only: Serve and Protect credit union cash ISA AER 4%
- 12-month fixed-term cash ISA
- For members of the Serve and Protect credit union only
- Withdrawals allowed but only if you close the ISA
- Best unrestricted offer: Virgin Money – 12 month fixed-rate ISA – 4.22%
Only for those in Wales: Swansea BS 90-day notice account AER 3.56%
- Variable rate of interest
- Only for existing customers or those living in Wales
- Interest paid monthly
- Best unrestricted offer: GB Bank – 4.08%
Premier account holders only: Barclays Bank three-year cash ISA AER 3.55%
- Only available to existing premier banking customers
- Fixed interest for three years
- Interest paid monthly
- Three withdrawals for up to 10% of the balance permitted during the term
- Best unrestricted offer: Secure Trust Bank – 4.14%
Teachers only: Teachers BS 180-day notice ISA AER 3.35%
- Variable rate of interest
- Only open to teachers and other education professionals
- Interest paid annually
- 1.25% paid if the balance of the account falls below £100
- Best unrestricted offer: GB Bank – 4.08%
Postcodes in Northern England and Scotland only: Cumberland BS five-year savings account AER 3.35%
- Five-year fixed-rate interest
- Only for those in the following areas: Cumbria (all CA and LA), SW Scotland (all DG and TD9), W Northumberland (NE45 – NE49), N Lancashire (all PR, FY, LA and BB1-2 and BB5-7)
- Interest paid annually
- Best unrestricted offer: Chetwood Bank – 4.4%
What are the alternatives if you don’t qualify for these accounts?
Luckily there are lots of options when it comes to savings accounts and cash ISAs. You can see the best deals in our detailed tables:
