Account name | |
|---|---|
Interest rates (AERs) | Fixed, tiered interest rate. Interest paid on maturity, 24 months after account opening and paid on anniversary of account opening and upon maturity. After 24 months your account becomes a Cash ISA without bonus and will earn a variable rate of interest.
|
Tax status | Tax free. |
Conditions for bonus payment | Not applicable. |
Withdrawal arrangements | No notice period. We don’t encourage withdrawals on this account. Any withdrawal within the 24 month fixed period will mean the loss of 160 days’ interest on the amount withdrawn. If your balance drops below £3,000 you will not receive interest on your account until your balance goes back above this point. £10 minimum withdrawal. If you have paid in the full annual ISA allowance in one tax year, any funds withdrawn can't be replaced. |
Access | Internet banking, phone and branch. |
View Fixed Rate Cash ISA important information.
Explanation of terms
AER means Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.
Tax-free is the contractual rate of interest payable where interest is exempt from income tax. Tax rules may change.
