• You must be at least 16 years old to be eligible to open this account
• An ISA can only be held by an investor in his or her sole name. Joint accounts and trustees are not permitted.
• The account year runs from the date you open the account until the bonus is paid and then annually thereafter.    

Investment:

• The account must be opened with a cheque of £25 - £425. All other regular monthly deposits thereafter must be made by bank transfer.
• £25 - £425 must be deposited per calendar month by bank transfer to qualify for the bonus. If your total monthly deposit is less than £25 or more than £425 in a calendar month you will not recieve the bonus in that account year.
• You can only make one deposit by bank transfer into the account each month, no further top up payments will be accepted.

• Credited annually on the last day of the anniversary month of the account being opened.
• Interest rates on this account are variable and interest is calculated on a daily basis.
• Interest can be added to this account, transferred to another Society account you hold, paid to another UK bank or building society account, provided your balance does not fall below £25. If the balance falls below £25, interest can only be added to the account.
• A bonus interest payment will be paid on the last day of the anniversary month of the account being opened. The bonus will appear in your statement or passbook as a separate payment to the interest payment.

Withdrawals:

• No notice required.
• If more than 1 withdrawal is made per account year, you will not receive a bonus for that account year.
• Cheques must be deposited for 6 banking days following receipt, in order to "clear" before a withdrawal can be made against them.
• Withdrawals do not affect subscription limits of the ISA. If you have subscribed the maximum permitted in the tax year, you cannot make any further deposits regardless of withdrawals made.
• If the account balance falls below £25 then the Society reserves the right either to close the account or to pay an interest rate equivalent to the lowest tier on our Classic Gold account.

• Interest will be paid without the deduction of income tax, provided that the ISA terms have been fully met.

• To read the full terms and conditions of this account please click here to visit our Savings Leaflet Library.

How do I open a Stroud & Swindon Regular Saver ISA?

• You can open your Stroud & Swindon Regular Saver ISA at any of our branches, agencies, by post, telephone or online.
• You are able to download the application form here

To open your account by post please send your completed application form with investment cheque to:

Stroud & Swindon Direct
PO Box 148
Stroud
Gloucestershire
GL5 3YL

Summary of account: