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Branch Cash ISA
(Issue 9)

Man looks at Marsden Building Society's Cash ISA savings range on his smartphone

Make use of your 2024/25 ISA allowance of £20,000 with our Branch Cash ISA. With instant access to your funds, you can choose to 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.

Rates effective from 07 September 2023.

Overview
Summary
Conditions
Apply

Key features:

  • A variable rate of interest
  • Access your money whenever you like via any of our branches
  • £25 to open
  • Receive your interest once a year
  • Option to transfer used ISA allowances into this account, including both previous and current years’ subscriptions
  • Open in branch

Rates available up to:

3.90%

Account access:

Easy access

Find out more

Account name

Branch Cash ISA (Issue 9)

What is the interest rate?

 Annual
BalanceTax-free*AER†
£25+3.90%3.90%

 

Rates effective from 07 September 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.

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 £1,039.

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.

How do I open and manage my account?

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.

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.

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, including both previous or current years’ subscriptions into this account.

Can I withdraw money?

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, however, please be aware that closing the account means ISA status will be lost.

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 (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.

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)

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