Our Branch Bonus Cash ISA Notice Saver 150 is a great way to take advantage of your 2023/24 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 used ISA subscriptions from other providers. Bonus of 0.70% payable to 31 December 2024.
Rates effective from 23 October 2023
Key features:
Account name
Branch Bonus Cash ISA Notice Saver 150 (Issue 1)
What is the interest rate?
Interest rate with bonus:
| Annual | ||
|---|---|---|
| Balance | Tax-free* | AER† |
| £25,000+ | 5.05% | 5.05% |
| £5,000+ | 4.75% | 4.75% |
Interest rate without bonus:
| Annual | ||
|---|---|---|
| Balance | Tax-free* | AER† |
| £25,000+ | 4.35% | 4.35% |
| £5,000+ | 4.05% | 4.05% |
Rates effective from 23 October 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 150 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 range of deposits?
If you saved £5,000 on 06 November 2023 and the amount remained invested for 17 months, the estimated balance up to 05 April 2025 would be £5,331.81. If you continued to save the £5,331.81, the estimated balance up to 05 April 2026 would be £5,547.75.
If you saved £25,000 on 06 November 2023 and the amount remained invested for 17 months, the estimated balance up to 05 April 2025 would be £26,768.30. If you continued to save the £26,768.30, the estimated balance up to 05 April 2026 would be £27,932.72.
These examples assume that the account is opened with the amount stated on 06 November 2023, no withdrawals or further deposits are made throughout the period stated, interest is received annually, the interest earned is added to the account, and no changes are made to the current interest rate. They are provided for illustrative purposes only and do 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 £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.
Payments into the account can be made in cash, by cheque or debit card (up to £1,000), electronic payment (but not direct debit), standing order or transfer from another Marsden account.
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.
Additional deposits can be made at any time up to the annual ISA subscription limit, currently £20,000 for the 2023/24 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.
Can I withdraw money?
You can withdraw from your account by giving 150 days’ notice in branch. Limits apply on cash withdrawals.
It is not possible to make partial withdrawals without giving 150 days’ notice.
The account can be closed without giving 150 days’ notice but a penalty would be incurred equivalent to 150 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 Bonus Cash ISA Notice Saver 150 (PDF)
If you'd like to open an account, please visit your local branch. You can find details of all our branches on our 'Find a branch' page.
Please note, to open a savings product in branch you may need to book an appointment. Our branch teams will let you know if this is the case when you enquire.
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 * 
