Branch Cash ISA (Issue 7)

Branch Cash ISA (Issue 7)

Rates effective from 1 August 2022

Interest earned daily and paid annually on 05 April

The interest rate is variable so we can increase or decrease the rate at any time.
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.

If you saved £1,000 the estimated balance after 12 months would be £1,013.
This example assumes an investment of £1,000 is made on 06 April, no withdrawals or further deposits are made throughout the 12 months, the interest earned is added to the account, 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.

This account is available to UK residents and can be opened and operated at a branch.
The minimum balance to open the account is £25. 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 2022/23 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 As this is not a flexible ISA, any amounts withdrawn can only be replaced by using your current years’ ISA subscription allowance.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, including both previous or current years’ subscriptions into this account.
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. We accept savings applications from existing members across the UK and new members in the following postcode areas: BB, BD, BL, CA, CH, CW, FY, LA, M, OL, PR, SK, WA, WN.

You can withdraw from your account whenever you need in branch. Limits apply on cash withdrawals.
You can close the account at any time if you need to.

*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.