If you’re deciding between an easy access ISA and an easy access account, then it’s good to weigh up the pros and cons of each. While the ISA is tax-free, it’s also restricted by the yearly ISA allowance, or limit, on the amount of money you can deposit. Overall, you can only deposit £20,000 across all of your ISAs each tax year. There are no restrictions on how much you can deposit in the easy access ISA account providing it doesn't exceed the £250,000 limit. Depending on how much of your Personal Savings Allowance you’ve used — it might be taxable.