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Type of account: |
Bonds or Term
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Annual Equivalent Rate (AER) and gross interest rate: |
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Balance |
AER |
Gross |
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£5100 |
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2.55% |
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2.55% |
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Rate Type: |
Fixed
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Interest Paid: |
Annually
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Withdrawal Access: |
Penalty free withdrawals are available at the end of the fixed term period. Withdrawals during the fixed term period will be subject to a penalty fee.
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Investment Conditions: |
Minimum operating balance £5,100. No additional investments are allowed although a new account may be opened in the next tax year.
In each financial year you may invest up to the current Government guideline limit set for Cash ISAs.
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Transfer In: |
Yes
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Transfer Out: |
Upon maturity or before subject to a penalty fee.
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Availability: |
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Branch |
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Post |
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Telephone |
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Internet |
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Open to all. You must be 16 years and over and a resident in the UK.
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Cash Card: |
No
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Other information: |
Interest is paid annually on 31st August, or the first working day thereafter.
The interest rate is fixed at the time the deposit is received and will not change for the duration of the term.
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