Our Branch Cash ISA 120 account could be a great way to take advantage of your 2024/25 ISA allowance of £20,000. You can pay in a lump sum or make regular smaller payments throughout the year, the choice is yours. You can also transfer previous ISA subscriptions from other providers.
Rates effective from 01 July 2023.
Key features:
Account name
Branch Cash ISA 120 (Issue 4)
What is the interest rate?
| Annual | ||
|---|---|---|
| Balance | Tax-free* | AER† |
| £1,000+ | 4.15% | 4.15% |
Rates effective from 01 July 2023.
Interest earned daily and paid annually on 05 April.
Can Marsden Building Society change the interest rate?
The interest rate is variable so we can increase or decrease the rate at any time subject to 120 days’ notice.
If the interest rate on your account falls, and the balance in your account is £100 or more, we will personally notify you of the change. All our interest rates are available in our branches and on our website.
For more details about why we may change the rate, and when we’ll let you know about a change, please refer to our General Retail Savings Account Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?
If you saved £1,000, the estimated balance after 12 months would be £1,041.50.
This example assumes that the account is opened with the amount stated on 06 April, no withdrawals or further deposits are made throughout the 12 months, the interest earned is added to the account annually, and no changes are made to the current interest rate.
It is provided for illustrative purposes only and does not take into account your individual circumstances.
How do I open and manage my account?
This account is available to UK residents and must be opened and operated at a branch.
The minimum balance to open the account is £1,000. The overall maximum holding by any one person in respect of all savings accounts with the Society is £250,000. This includes money held in a joint account.
Additional deposits can be made at any time up to the annual ISA subscription limit, currently £20,000 for the 2024/25 tax year. As this is not a flexible ISA, any amounts withdrawn can only be replaced by using your current years’ ISA subscription allowance.
You may transfer used ISA allowances into this account, including both previous and current years’ subscriptions.
Payments into the account can be made in cash, by cheque or debit card (up to £1,000). You can also pay in by electronic payment (but not direct debit) or standing order.
Can I withdraw money?
You can withdraw from your account by giving 120 days’ notice in branch. Limits apply on cash withdrawals.
It is not possible to make partial withdrawals without giving 120 days’ notice.
The account can be closed without giving 120 days’ notice but a penalty would be incurred equivalent to 120 days’ loss of interest.
Additional information
*Tax-free means that interest is not subject to income tax.
†AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.
Interest will be paid tax-free. The favourable tax treatment of ISAs may change in the future.
Download our full savings terms and conditions: General Retail Savings Terms and Conditions (PDF)
Download product terms and conditions: Branch Cash ISA 120 (Issue 4) (PDF)
You can open this account in branch. We have branches across Lancashire in Barrowford, Burnley, Clitheroe, Colne, Garstang, Lytham, Nelson and Poulton. You can find the contact details of all each of our branches on our 'Find a branch' page.
If you're planning on visiting a branch to open a savings account, please phone the branch before you visit to check if an appointment will be required. Branch telephone numbers can be found on our 'Find a Branch' page.
Download our list of Identification Requirements before your appointment: Identification Requirements (PDF)
We want to provide the best service possible, so if you have any questions, get in touch. You can contact us by phone, visit us in branch or email us – we’ll be happy to help.
01282 440500 * 
