Cash ISA (Individual Savings Account)
All rates are variable. With effect from 21 June 2016, we are suspending Cash ISA transfers in from other providers as this is now oversubscribed. We are still accepting New Cash ISA applications for this tax year.
|Balance:||*Gross Interest Rate/*AER:|
|Key Product Information for our Savings Accounts|
|Account Name||Cash ISA Account|
|Interest Rates (AER)||Please see variable interest rates above|
|Tax Status||Gross without deduction of tax|
|Conditions of bonus payment||Not Applicable|
|Withdrawal arrangements||Access to one penalty free withdrawal per financial year. All other withdrawals are subject to 30 days notice or immediately with a 30 day loss of interest on the amount withdrawn.|
|General Product Information|
|Availability||UK Resident and UK Tax Resident aged 16 and over|
|Interest||Interest added or paid on 5th April|
|ISA subscription limits: 6 April 2016 to 5 April 2017||
You have the option to save your whole ISA allowance of £15,240 in cash, stocks and shares, or any combination of the two. Please note, the Society does not offer a stocks and shares ISA.
From 6 April 2015, spouses and civil partners of ISA holders who have died since 3 December 2014 are able to inherit an additional ISA allowance. Click here for more details
*AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
*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.
The tax treatment or the rate of interest payable depends on individual circumstances and may be subject to change in the future.
MONTHLY INCOME AVAILABLE ON ALL BALANCES OVER £5,000