Fixed Rate Cash ISA
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Fixed Rate Cash ISA Savings Account - Fixed until 5th 2009
Limited Issue until 31st May 2008 |
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Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
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£3,600 |
£3,600 |
5.90 |
5.90 |
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Apply Now - Fixed Rate Cash ISA |
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Rates effective from 6th April 2008
Tax free savings
This Individual Savings Account offers an attractive rate of interest as long as you are able to commit £3,600 for a year.
Features
- One lump sum of £3,600 is required to open and operate your account
- One rate for all
- Interest will be paid without the deduction of income tax provided that the ISA terms have been fully met
- You may make withdrawals from the account at any time throughout the term, subject to a 90 day gross interest charge, unless made between 1 March and 5 April 2009
- You cannot make any more investments during the tax year even if you withdraw some money
- A maximum of £3,600 can be deposited each tax year
- You can only invest in one Cash ISA each tax year
- Interest calculated on a daily basis and credited annually to the account at midnight on 1st April
Age restriction:
Restrictions on deposits:
Withdrawals (Direct Accounts):
Any cheques deposited must be cleared before a withdrawal can be made on them. You may make withdrawals from the account at any time throughout the term, subject to a 90 day gross interest charge, unless made between 1 March and 5 April 2009
- Minimum withdrawal is £100
- Withdrawals will be transferred direct to your bank or building society account via BACS (Bank Automated Clearing System)
- Withdrawals can be arranged by telephoning us with your request or using our Freepost service
Withdrawals (Branch Accounts):
Any cheques deposited must be cleared before a withdrawal can be made on them. You may make withdrawals from the account at any time throughout the term, subject to a 90 day gross interest charge, unless made between 1 March and 5 April 2009
- Cheque withdrawals over £10 can be arranged at any branch.
Interest:
- Interest will be paid without the deduction of income tax provided that the ISA terms have been fully met
How do I open a Fixed Rate Cash ISA?
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 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 & Cutsoms certification (R85).