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Cash ISA
If you love the idea of keeping your savings away from the taxman, but hate tying up your money, then you want a cash ISA with instant access. After all, just because you’re saving for something special like a wedding or a holiday, doesn’t mean you won’t want to treat yourself to something sooner.
Our Cash ISA is as simple and flexible as can be. You get a variable rate of interest, tax free*, and you can top up your savings whenever it suits you, up to your Cash ISA limit. And when you’re ready to start spending, we certainly won’t charge you for getting hold of your own money at a moment’s notice.
Please note: If you would like your ISA to be opened in the 2009/2010 tax year then please send us your application as soon as possible. Before applying please ensure you have sufficient identification.
| Summary Box Key Product Information for our Savings Account |
|
|---|---|
| Account Name | Cash ISA |
| Interest Rates (AER's) | The interest rates payable is variable and guaranteed not to fall more than 1% below the Bank of England base rate, subject to an excluded period (please refer to sections 5 and 6 of the product specific Terms and Conditions). |
| Tax Status | Interest is tax free* |
| Condition for bonus payment | No bonus payments exist for this Account |
| Withdrawal arrangements | There are no restrictions on withdrawals. Withdrawals of capital cannot be replaced |
| Access | Branch and by post |
Features
- Minimum balance of £1
- Save up to £3,600 in a Cash ISA each tax year* if you were born after 5 April 1960. If you were born on or before 5 April 1960, you can save up to £5,100 in a Cash ISA each tax year*
- Interest is paid annually on the first working day after 5 April into this account
- A sole account for those aged 16 and over
- Passbook based account
Benefits
- Flexibility to add to your savings at any time (up to £3,600 in any tax year; a tax year runs from 6 April to 5 April the following year)
Our Cash ISA meets the Government’s Stakeholder Standards. The table below details the features of our Instant Access Cash ISA to show how it meets the Stakeholder Standards
Although Cash ISAs are a tax free way of saving, this favourable tax treatment depends on individual circumstances and may be subject to change in the future.
| Minimum opening deposit of £1 |
| No account charges |
| Instant access to your money |
| An interest rate which is guaranteed not to fall more than 1% below the Bank of England base rate, subject to the excluded period (please refer to the Cash ISA product specific Terms & Conditions) |
Note: You're allowed to invest a total of £7,200 in ISAs each tax year. That's a maximum of £3,600 in a Cash ISA and £3,600 in a Stocks and Shares ISA. However if you invest less than the maximum limit of £3,600 in a Cash ISA you can invest more in a Stocks and Shares ISA, providing your total investment is not more than £7,200 in any tax year. By investing in this product you are limiting the amount you can invest in your Stocks and Shares ISA. On the 6 October 2009, the ISA subscription changed for anybody born on or before 5 April 1960. Please see ISA Allowances 2009/2010 for more information.
*For an explanation of terms used such as AER and Tax Free, please see our .
Britannia ia a trading name of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS) that would pay compensation to eligible customers in the unlikely event of the Bank becoming insolvent. Find out more
Terms and Conditions
