Branch Cash ISA 90

Branch Cash ISA 90 (Issue 1)

Our Branch Cash ISA 90 account is a great way to take advantage of your 2017/18 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 06 April 2017 

Product Branch Cash ISA 90 (Issue 1)
Key Features • A variable rate of interest
• Access to your money within 90 days' notice via any of our branches
• Just £100 to open
• Choose to have your interest paid monthly or annually
• Option to transfer used ISA allowances into this account, including both previous and current years' subscriptions
Account name: Branch Cash ISA 90 (Issue 1)
What is the interest rate?

Rates effective from 06 April

Annual 
Balance                            Tax-free                        AER
£10,000                            0.95%                          0.95%

Monthly
Balance                            Tax-free                         AER
£10,000                            0.95%                           0.95%
£100                                  n/a                              n/a

Interest earned daily and paid annually on 05 April or monthly on the last working day of the month.

Can Marsden Building Society change the rate?

The interest rate is variable so we can increase or decrease the rate at any time subject to 90 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 £100 deposit?

If you saved £1,000 the estimated balance after 12 months would be £1,009.50.

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 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.

What would the estimated balance be after 12 months based on £10,000 deposit?

If you saved £10,000 the estimated balance after 12 months would be £10,080.00

This example assumes an investment of £10,000 is made on 6 April 2016 and no further deposits or any withdrawals are made and there are no changes to the interest rate paid on the account over the 12 months. 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 can be opened and operated at a branch. You must permanently reside in the UK. 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.

The minimum balance to open the account is £100 if you choose annual interest or £10,000 if you choose monthly interest. The maximum balance per account is £250,000.

Additional deposits can be made at any time up to the annual ISA subscription limit, currently £20,000 for the 2017/18 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 90 days’ notice.

It is not possible to make partial withdrawals without giving 90 days’ notice.

The account can be closed without giving 90 days’ notice but a penalty would be incurred equivalent to 90 days’ loss of interest.

Limits apply on cash withdrawals.

 

Additional information

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

Payments into your account can be made by cheque, cash, internal or bank transfer.

Further information: For full Savings Terms and Conditions, please follow the link below:

Savings Terms and Conditions

†AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. We pay all savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.

Apply:

Visit your local branch for further information and to open this account:

Find your local branch
 
What do you need? Download our list of Identification Requirements before you visit your branch:

Identification Requirements

If you have any questions, please email the Savings Team at Principal Office or phone 01282 440500*

Mon-Fri: 9:00am - 4:45pm
Sat:       9:00am - 12 noon

*Calls are recorded and may be monitored

Get in touch
Speak to a member of our team on
01282 440500 or
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