Save tax-free with this cash ISA and don't risk your capital. Suitable for a single annual investment, or investments of varying amounts in each tax year up to the maximum, the cash ISA is an ideal way to save for the future, yet have easy access to your money if you need it.
Minimum Balance £100
Download an application form for a Cash ISA.
OPERATING THE ACCOUNT
You can invest up to £3,600 in this cash ISA each tax year.
You must be 16 years of age or over to invest in a cash ISA.
Withdrawals can be made at any time with no notice or loss of interest. If, however, you have paid £3,600 into your ISA in the tax year and make a withdrawal, you cannot replace the amount withdrawn during that tax year. Cash withdrawals are subject to daily branch cash limits.
Transfers of existing cash ISAs are accepted from other ISA providers.
The account can be operated either in person at our branches or by post.
INTEREST RATES
Interest can be paid annually at 31st December or at the end of each month either into the account or to another bank account. Different interest rates apply for each method.
The interest rates are tiered, so you earn a higher rate of interest the more you save.
Interest rates are variable and we may change them at any time. We maintain interest rates at a competitive level.
Interest on this account will be paid gross providing that the ISA regulations have been fulfilled. Interest from this cash ISA will not have to be entered on your tax return.
IDENTIFICATION
Go to the Important information page for full details of the identification required to open an account.
Please be aware that, for legal reasons, we are unable to open an account unless valid identification is provided.
OTHER INFORMATION
Upon opening a cash ISA you will automatically become a Member of the Society and be bound by its Rules. This account is subject to the Cash ISA Terms and Conditions as well as the Society's General Terms and Conditions.
You may transfer your cash ISA to another ISA manager without penalty, provided you make your transfer request in writing.You can transfer money from your cash ISA into your stocks and shares ISA, but not from stocks and shares into a cash ISA.
This cash ISA does not meet the voluntary standards set by the Government for deposit based stakeholder products because of the minimum qualifying balance.
All new savers opening share accounts must agree to assign any future windfall rights to the Charities Aid Foundation. The application form has further details.
The Society operates a 14-day cooling off period, so if you change your mind about opening this account you will receive all your original capital plus any interest accrued.
The Society reserves the right to suspend or amend an issue of shares at any time and potential investors should check that the required issue is still available.
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