Who is eligible?
UK residents over the age of 16 are eligible to open a Cash ISA. Further information about ISAs can be obtained on the HM Revenue & Customers website www.hmrc.gov.uk Only one Cash ISA can be opened with one ISA provider in any tax year.
How do I operate my account?
Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on your account are required in person, at branch or in writing.
How do I open my savings account?
You may open your account at any one of our branches or via post.
What is my minimum opening and operating balance?
What is my maximum operating balance?
What is my maximum investment?
The maximum annual subscription is limited by HMRC and is £20,000 for the current tax year. This amount can be invested in either a Cash ISA or a Stocks & Shares ISA or be divided between the two. The maximum overall subscription must not exceed £20,000.
Can I withdraw money?
45 days' notice is required; or 45 days' interest will be forfeited on the amount withdrawn. This penalty will be deducted from your accrued interest. If you have insufficient accrued interest to cover the penalty due, the remaining amount will be deducted from your account balance on closing your account or when your interest is next due to be added to it. If the balance falls below £100 the account will be closed and funds returned to you. This means you may lose your ISA status and you may not be able to open another Cash ISA in the current tax year if your ISA was opened in that tax year.
We accept ISA transfers into the account. Further information about ISAs can be obtained on the HM Revenue & Customs website www.hmrc.gov.uk