Beverley Building Society

Cash ISA (Individual Savings Account)

All rates are variable and effective form 28th November 2016 With effect from 4th July 2016 we are no longer accepting new Cash ISA applications or Cash ISA transfers in from other providers as this account is now oversubscribed.

 

Summary Box - Key Product Information 
Account Name Cash ISA Account
What is the interest rate?  
0.80% Gross* / AER** for balances £1+  
0.90% Gross* / AER** for balances £35,000+

Interest is calculated daily and added or paid annually on 5th April at close of business.

Can Beverley Building Society change the interest rate?

Yes, all of our interest rates are variable. 

Refer to our Terms and Conditions for full details.

What would the estimated balance be after 12 months based on a £1,000 deposit?
0.80% Gross* / AER**

£1,008.00 

This figure is for illustration purposes only and assumes no further deposits, transfers in, withdrawals or interest rate changes.

0.90% Gross* / AER**

£35,315.00 

This figure is for illustration purposes only and assumes a single additional transfer in of £34,000 at account opening, no further deposits, withdrawals or interest rate changes.

 

How do I open and manage my account? Available to UK Residents and UK Tax Residents aged over 16.

Complete the application form, relevant declaration(s) and provide necessary identification then forward together with the initial deposit (payable to the account holder) to the Society's office.
Contact the Society about the transfers of funds to or from another provider.

The minimum opening investment is £1, and the maximum deposit per tax year is currently £15,240 (2015/16) set annually by HM Revenue and Customs.
Can I withdraw money? Yes, one notice and penalty free withdrawal per financial year is permitted.

All other withdrawals available immediately with a 30 day loss of interest on the amount withdrawn or are subject to 30 days notice. Money must be withdrawn on the 30th day of notice, otherwise notice will be removed.

You can make a withdrawal on demand of cash up to £500 and any amount by cheque or Faster Payment, subject to adequate cleared balance and written instruction signed by the relevant signatory(ies).

Refer to our Terms and Conditions for more information on withdrawals.

Additional Information Monthly interest is available on balances over £5,000 at a reduced rate. Contact the Society for further details.

*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of personal Income Tax liability

**AER - stands for Annual Equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year


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Click here for guidance on transferring your Cash ISA

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