Branch Cash ISA
Available from 6th April 2008
|
Branch Cash ISA Savings Account |
|
Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
|
£1 |
£27,000 plus |
5.15 |
5.15 |
|
£24,000 to £26,999 |
5.05 |
5.05 |
|
|
£21,000 to £23,999 |
4.95 |
4.95 |
|
|
£18,000 to £20,999 |
4.80 |
4.80 |
|
|
£15,000 to £17,999 |
4.60 |
4.60 |
|
|
£12,000 to £14,999 |
4.55 |
4.55 |
|
|
£9,000 to £11,999 |
4.45 |
4.45 |
|
|
£6,000 to £8,999 |
4.40 |
4.40 |
|
|
£3,000 to £5,999 |
4.35 |
4.35 |
|
|
£1 to £2,999 |
4.30 |
4.30 |
|
Apply Now - Branch Cash ISA |
|
Previous Rates - Branch Cash ISA |
Rates effective from 1st May 2008
Tax free savings
This Individual Savings Account offers a flexible approach to tax-free savings.
Features
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Instant access to your savings with no penalties for withdrawals
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Interest rates 'tiered' to match your balance
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Interest will be paid without the deduction of income tax provided that the ISA terms have been fully met
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£1 Minimum initial investment required to open and operate the account
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You can add to your savings at any time up to the maximum investment limit of £3,600 each tax year
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Interest calculated on daily basis and credited annually to the account at midnight on 1st April
Age restriction:
Restrictions on deposits:
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A maximum of £3,600 can be deposited each tax year
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You can only invest in one Cash ISA each tax year
-
If you have reached your investment limit for the year, even if your balance drops, you may not make any further investments
-
Coins totalling less than £25 will be accepted if sorted and bagged
Withdrawals:
Interest:
- Interest can be transferred to another account that you may have with use, or directly into your bank account
- Interest will be paid without the deduction of income tax provided that the ISA terms have been fully met
How do I open a Branch Cash ISA Savings Account?
Net rates assume the lower rate of income tax of 20%. These figures are rounded and are for illustrative purposes only.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded each year.
GROSS: The gross rate is the contractual rate of interest before the deduction of tax at the appropriate rate specified by law. Interest will be paid gross to non-taxpayers subject to the required HM Revenue and Customs certification (R85).