Yes, you can have a savings account and an ISA at the same time. You might want to work out which type is more beneficial to you, which will depend on your personal circumstances.

Both ISAs and the Personal Savings Allowance offer you tax benefits from your savings, but consider the pros and cons to which will best fit your situation – especially if you will be saving less than the annual ISA allowance. If you think you will exceed either or both your annual ISA allowance or personal savings allowance per year, it makes sense to have both accounts to maximise the amount of interest you can earn tax free.