AER (Annual Equivalent Rate): Illustrates what the interest rate would be if interest was paid and compounded once each year.
Tax-free: Interest is exempt from UK Income Tax providing all ISA conditions are met.
Applicants must be resident in the UK for tax purposes. ISA rules may change. You must not have subscribed to another cash ISA or used your total annual ISA allowance in a stocks and shares ISA during the same tax year.
Instant Cash ISA - Issue 1: To hold a cash ISA, you must be aged 16 years or over. Open from £1 or with nil balance if you are transferring in previous cash ISA balances.
Flexible Cash ISA - Issue 3: To hold a Flexible Cash ISA, you must be 18 years old. Three withdrawals permitted, of up to 10% of the current balance each time. You can transfer in up to 30 days from opening the ISA, and make additional payments up to your annual allowance until 5 April 2015. Transfers-Out are allowed before the maturity date, but only in full, or you can close your account early. Closures and Transfers-Out carry a charge of 270 days’ tax-free interest based on the balance at the time. For insufficient earned or accrued interest, the charge is taken from account funds and you could get back less than you deposited.
Instant Cash ISA Issue 1 and Flexible Cash ISA Issue 3 are limited offers that may be withdrawn at any time. Terms and Conditions apply.