The High Yield IF ISA

Looking for a more rewarding ISA rate?
Earn superior Tax Free rates of interest

Earn up to 8.0%*

Open your ISA in 2 minutes Transfer your ISA

Please remember bonds are investments not savings. Capital at risk. No FSCS protection. Instant access not guaranteed. Tax rules apply. Read IF ISA Terms & Conditions as well as the Useful Information that describes these risks further.

*Fixed rate for the 7 year Smart Interest product.

Have a question? Schedule a call with one of our team.

Gift ico Get up to a £200 welcome bonus

All new IF ISA account holders will receive up to a £200 bonus based on the amount you deposit. Invest a minimum of £1,000 investment to receive your bonus.

Terms & conditions apply
Designed by WiseAlpha
Looking for a more rewarding ISA?
Time for something fresh.
    1 Year
    3 Years
    5 Years
    7 Years
  • On maturity
  • Annually

Exceptional returns with our IF ISA

Our Innovative Finance ISA (IF ISA) is a new category of ISA that sits between a traditional Cash ISA and a Stocks & Shares ISA.

You can use your full £20,000 ISA allowance in our Innovative Finance ISA. Alternatively, you can split your investments between each type of ISA provided you stay within the £20,000 limit. Make sense? We think so.

  • More stable than Stocks and Shares
  • Higher quality investments than P2P
  • Gives investors access to bonds from creditworthy FTSE 250 sized corporates

All terms have a fixed rate and duration.

Open your ISA in 2 minutes

Useful information

Illiquid investment – Your investment is intended to be invested for the full term until maturity or in the event of payout. To help with liquidity we operate a secondary market but sales are never guaranteed. We provide early redemption in cases of terminal illness or death.

Key entities – The firm that is promoting the bonds and arranging your investment is WiseAlpha Technologies Limited is regulated by the Financial Conduct Authority (FRN: 751087) for the associated activities it conducts. The bonds are unsecured and issued by WiseAlpha Investments Limited (BVI), which is not regulated by the FCA and does not offer any regulated services. From time to time other WiseAlpha Product issuers may also offer IF ISA eligible bonds

As with all investing your capital is at risk and bond repayments are not guaranteed under the Financial Services Compensation Scheme. Investors are advised to undertake appropriate due diligence as well as to review applicable risk and tax information. ISA rules apply. If you are in doubt as to whether this investment is suitable for you, please consult an independent financial advisor. Investors are advised to review the comprehensive risk and tax information in the Summary Information Memorandum, Full Terms and Conditions and Risk Summary available to eligible investors.


Got questions? We've got answers.
Innovative Finance ISA

WiseAlpha’s IF ISA was introduced to beat the paltry investment returns currently available in the market. A major benefit of the IF ISA is that it is a tax-free wrapper that allows investment of up to £20,000 for the year . Please note that tax treatment depends on the individual circumstances of each investor and may be subject to change in future.

It is possible to split the £20,000 allowance across the different types of ISAs (the Lifetime ISA is subject to restrictions). You cannot open more than one new ISA in each class in each tax year. For example, only ONE cash ISA and ONE Stocks and Shares ISA, ONE Lifetime ISA and ONE Innovative Finance ISA can be opened in each tax year.

This is a new category of ISA that sits between a traditional Cash ISA and a Stocks & Shares ISA.

We made Smart Interest™ by WiseAlpha available in the IF ISA tax wrapper. Proceeds are invested in the same investments on the WiseAlpha market and the bonds of other large UK corporates. Learn more about Smart Interest™ here.

To create and invest in our IF ISA an investor must:
* be aged 18 or over;
* be resident in the United Kingdom or, if not a resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person;
* not have subscribed to another IF ISA in that tax year

Investors do not have to declare income or gains from an ISA on their tax returns, unless the ISA subscription has been made void. Capital losses in respect of ISA investments are disregarded for the purposes of capital gains tax.

We prevent you investing more than the ISA allowance for each tax year. However, if you have more than one ISA provider, it’s up to you to make sure you don’t exceed the ISA allowance across all your accounts. If you do exceed that total, HM Revenue & Customs will tell you and your ISA provider about any action that needs to be taken.

There are no set-up fees or charges. The only product specific fee is the transfer out fee of £50.

Investment carries risk and your capital may be at risk. WiseAlpha Investment bonds are different from bank deposits and they are not covered by the Financial Services Compensation Scheme (FSCS).

The fastest way to fund your ISA is by debit card, so that you can immediately put your money on the market and start earning interest. You can also do bank transfers which typically take 2 business days.

In addition we support transfers in from other Cash, Stocks and Shares, and Innovative Finance ISA managers. Transfers from previous tax year ISAs do not deduct from this year's ISA allowance.

Only if you have a lasting power of attorney for the person you want to open the ISA for. If that’s the case, please email us at

It may not be possible to access your capital before the end of the investment term, so you must be very certain that you will not require your money until the term expires. The only exception to this is in the event of the death of a investor where we may agree to a redemption or transfer.

No, WiseAlpha Technologies Limited or WiseAlpha Investment limited (the bond issuer) are not covered by the FSCS.

GCEN (FCA firm reference number: 504346) provides us with payment service facilities and Global Custodial services Limited (FCA firm reference number: 595875) provide client custodial account services. Both firms are required to follow the applicable FCA rules. All client money is held in a segregated client account.

No, the bonds are not government bonds. They are corporate bonds, issued by Wise Alpha Investments Limited.