Cash ISA Instant Access
Issue 22

Account name  

Cash ISA Instant Issue 22

What is the interest rate? AER*

3.65% annual interest rate on balances £100+

Interest is paid annually on 30th September 

(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)

Can Dudley Building Society change the interest rate?

The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions.

What would the estimated balance be? 

If you were to open this account with £1,000 and no further deposits or withdrawals were made, you would earn £36.50 interest. This would result in a total balance of £1,036.50.

Please note this is an illustration only and does not reflect your specific circumstances. 

Who is eligible?

UK residents over the age of 18 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?

£100

What is my maximum operating balance?

£500,000

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?

Instant access withdrawals are permitted with this account. 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. 

Additional Information

We accept ISA transfers into this account. To find our more about our ISA transfer procedure, visit our ISA transfers page linked below.

ISA Transfers

Further information about ISAs can be obtained on the HM Revenue & Customs website: www.hmrc.gov.uk