Fixed Rate Cash ISA (Issue 160)

Fixed Rate Cash ISA (Issue 160)

Rates effective from 20 June 2022

Interest is fixed, calculated on a daily basis and paid annually on 31 August.

The interest rate is fixed which means that we will not change the interest rate payable on your account prior to maturity on 31 August 2024.

If you saved £5,000 the estimated balance after 12 months would be £5,105. This example assumes an investment of £5,000 is made on 01 September, 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 £5,000. 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 subscriptions can be made within 14 days of the account opening up to the annual ISA subscription limit, currently £20,000 for the 2022/23 tax year. Additional subscriptions can be in cash, by cheque, debit card (up to £1,000), or standing order.
If opened by debit card, the remainder of the minimum opening balance must be paid by Faster Payment within 48 hours of the account opening.
Transfers of used ISA allowances will be accepted on account opening where funds are accessible within 14 days and received within 30 days of account opening. After this date, no transfers of used ISA allowances will be permitted.
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 will not be able to make any partial withdrawals before maturity.
You can close your account prior to maturity, or transfer to a new ISA provider; however you will incur an interest penalty equivalent to 240 days’ interest.

Interest will be paid tax-free. The favourable tax treatment of ISAs may change in the future.
*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.