Notice 45 Cash ISA

4.25% AER/Gross a year effective from 21/08/2023

This projection assumes that £1,000 is deposited in to the account at the time it is opened. No further deposits or withdrawals are made. The interest rate stays the same for the full 12 months.

Estimated balances are for illustrative purposes only.

• Available to United Kingdom residents aged 16 years or over, providing you have not subscribed to a Cash ISA in the same tax year already.
• We accept Cash ISA transfers from other ISA Managers.
• Once the maximum amount has been subscribed in any tax year (Currently £20,000) no further subscriptions will be allowed regardless of how much is withdrawn. (This is not a flexible ISA account)
• It is a passbook-based account and can be opened and operated in branch or by post at the member’s own expense
• Minimum Balance: £100
• Maximum Balance: £75,000 (Subject to an individual’s total overall savings balance with The Society does not exceed £450,000).

• This account is for people who do not need immediate access to their funds as immediate withdrawals will not be allowed. 
• Withdrawals, closure, or transfers to another account are subject to 45 days’ written or verbal notice. You will be given a maximum of 5 working days to make the withdrawal once the 45 days’ notice has been served.
• You are allowed a maximum of 4 account based withdrawals each society year.
• Cash withdrawals are limited to £2,500 each day & require 24 hours’ notice over £500.
• Withdrawals will not be allowed without the passbook
• Withdrawals can only be made by cash or by faster payment to your nominated bank account.

• This account is for people who do not need immediate access to their funds as immediate withdrawals will not be allowed. You must provide 45 days’ notice either by calling or writing to us.
• Only one account of this type per person.
• In accordance with ISA regulations, investments in any tax year are limited to the amount permitted by HM Revenue and Customs regardless of the level of withdrawals made.
• Tax free – the contractual rate of interest payable where interest is exempt from income tax. Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your
  individual financial circumstances.
• It’s worth noting that any of our accounts can be withdrawn from sale at any time and without notice.