
Interest Rates - Branch ISA (from 1 May 2008)
| Gross% | AER% | Net% | |
| £1+ | 5.20 | 5.20 | Tax free |
| Key features | |
| Account type | This account is a cash ISA. |
| Stakeholder standards | This account meets the Government's Stakeholder requirements. |
| Minimum investment amount | The minimum balance is just £1. |
| Maximum investment amount | The maximum investment is £3,600 in any tax year. |
| Withdrawal restrictions | Withdrawal may be made after seven days notice. |
| Withdrawal amounts | The minimum amount for any withdrawal is £1. |
| Interest payment | The rate of interest is variable and is paid annually on 5 April. |
| Further investments | Investments may be made at your convenience, the minimum amount is just £1. |
| Joint accounts | Joint accounts may not be opened. |
| ISA transfers | We do not accept transfers in from existing ISA account. |
| Right to cancel | You have the right to cancel your ISA within 14 days of receipt of your application. |
Further information
You cannot have two Cash ISAs in the same tax year. If you open a Cash ISA you are reducing your stocks and shares allowance.
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We will require new investors to sign any future windfall rights to our Charitable Foundation.
Page last updated on 1 May 2008.