Direct Cash ISA
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Direct Cash ISA Savings Account |
|
Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
|
£100 |
£27,000 plus |
4.55 |
4.55 |
|
£24,000 to £26,999 |
4.45 |
4.45 |
|
|
£21,000 to £23,999 |
4.35 |
4.35 |
|
|
£18,000 to £20,999 |
4.20 |
4.20 |
|
|
£15,000 to £17,999 |
4.10 |
4.10 |
|
|
£12,000 to £14,999 |
4.05 |
4.05 |
|
|
£9,000 to £11,999 |
3.95 |
3.95 |
|
|
£6,000 to £8,999 |
3.90 |
3.90 |
|
|
£3,000 to £5,999 |
3.85 |
|
|
|
£100 to £2,999 |
3.80 |
|
|
Apply Now - Direct Cash ISA |
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Rates effective from 27th October 2008
Tax free savings
This Individual Savings Account offers a flexible approach to tax-free savings.
Features
- Instant access to your savings with no penalties for withdrawals
- Interest rates tiered to match your balance
- Interest will be paid without the deduction of income tax provided that the ISA terms have been fully met
- £100 minimum initial investment required to open and operate the account
- You can add to your savings at any time up to the maximum investment limit of £3600 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
- You can only invest in one Cash ISA each tax year
- Transfers into this account from outside the Society are permitted
Age restriction:
Restrictions on deposits:
Withdrawals:
Any cheques deposited must be cleared before a withdrawal can be made on them.
- 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
Interest:
- Interest rates on this account are variable
- Interest calculated on a daily basis and credited annually to the account at midnight on 1st April
- Interest will be paid without the deduction of income tax provided that the ISA terms have been fully met
How do I open a Direct Cash ISA?
Summary of account:
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Summary Box
Key Product Information for our Direct Cash ISA |
|
Account name |
Direct Cash ISA |
|
Interest rates (AERs) |
Current rates are listed above. Interest rates are variable. |
|
Tax status |
Tax free |
|
Conditions for bonus payment |
Not applicable |
| Withdrawal arrangements |
Easy access |
| Access |
Telephone or post |
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 & Customs certification (R85).