Home › Savings › Cash ISA
Interest rates Application and useful forms FAQs Jargon buster

Cash ISA


keyfacts

The Financial Conduct Authority is a financial services regulator. It requires us, Stafford Railway Building Society, to give you this important information to help you to decide whether this product is right for you.

The information provided is a summary of the key features of the Cash ISA account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

Account Name Cash ISA
What is the interest rate? 1.10% gross & AER effective from 01/10/2018
Interest is calculated daily and credited to the account annually on 31st October
Can Stafford Railway Building Society change the interest rate? Stafford Railway Building Society has the right to change interest rates in certain circumstances. If we change the rates we will give you 14 days’ notice. Please refer to the savings terms and conditions for further information on these circumstances
What would the estimated balance be after 12 months? £1,011.00
The projections assume that the amount of £1,000 is deposited in to the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period
This projection is provided for illustrative purposes only and does not take in to account the individual circumstances of the customer
How do I open and manage my account?
  • The account can be opened in branch or by post
  • This is a passbook based account and can be operated in branch or by post at members own expense
  • Available to private individuals aged 16 and over
  • Limits apply to cash deposits and withdrawals (see savings terms and conditions)
  • This is not a flexible ISA product
  • Minimum deposit £1
  • Maximum deposit £20,000 as per 2018/2019 ISA allowance.
  • Maximum account balance £450,000
Can I withdraw money?
  • Withdrawals can be made by post (cheque  only) and must include a signed letter requesting the amount needed by cheque and who the cheque is made payable to and the passbook
  • Withdrawals can be made in branch with the passbook
  • No notice required for cash withdrawals up to £500. A minimum of 24 hours notice for cash withdrawals up to £2,500
  • No notice required for cheque withdrawals and minimum withdrawal is £10
  • No notice required for withdrawals
  • Minimum CHAPS withdrawal £5,000

Withdrawals will not be allowed without the passbook
Additional Information
  • Only one account of this type per person
  • We pay all savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future
  • 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

Call us on: 01785 223212*