TESSA Only ISA Transfer
Interest Rates
| £9,000 |
5.45
|
N/A
|
N/A
|
N/A
|
5.45
|
|
Effective from 01/03/2008
* Click
here for definitions and notes
|
|
Main Features
Personal
savers resident in the U.K.
Existing customers and new customers who live within 25 mile radius
of branches.
Applicant must be a U.K. resident and over the age of 18 years.
|
Minimum:
£9,000.
Maximum: £400,000 (representing the overall limit for savings
with the Society for each individual). |
| 30 days
notice required or 30 days interest will be forfeited on amount
withdrawn. |
| Interest
paid annually on 30th September. |
You
must supply your National Insurance number.
No further investments may be made to account. |
Notes
- AER stands for Annual Equivalent Rate and illustrates
what the interest rate would be if interest was paid and added each
year.
- Gross is the interest paid before the deduction of income tax at
the rate specified by law.
- Net is the interest paid after the deduction of income tax at the
rate specified by law.
Interest will be payable net of income tax at the rate required by
law. Tax may be reclaimed from the Inland Revenue where the amount
deducted exceeds an investor's liability to tax (if any). Individuals
who are liable at the higher rate of income tax of 40% will have to
pay additional tax on the interest to cover the difference between
the tax deducted and the higher rate of tax due.
- If you are entitled to receive your interest gross, complete the
Inland Revenue form R85 in accordance with Inland Revenue regulations
and forward to your nearest Dudley Building Society branch.
- The interest rate is variable and not linked to any of the Society's
other savings rates.
- This information should be read in conjunciton with the account
Terms and Conditions, Banking Code, Members Guide and the Interest
Rate Guide.
- Full Terms and Conditions of Dudley Building Society savings accounts
are available on request.
- If your savings fall below the minimum investment required, the
rate of interest payable will be the same as the lowest tier of the
Extra Special Account.
- Full detailsof the Statutory Rules and Regulations applicable to
the Cash ISA are available on request.
- For accounts opened from 6th April 2005 the Government replaced
the CAT standards with the Stakeholders standards. For more information
on the stakeholders standard please contact the Savings Department.
- Further information about ISA's can be obtained on the Inland Revenue
website www.hmrc.gov.uk/leaflets/isa-factsheet.htm.
- A Maxi ISA is made up of one or more components and must include
a Stocks and Shares Component.
- If, in error, you open two ISA's in the same year and the Society
is advised by the Inland Revenue to close your ISA, no interest will
be paid.
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