Save tax-free with this cash ISA and don't risk your capital. Suitable for a single annual investment, or investments of varying amounts in each tax year up to the maximum, the cash ISA is an ideal way to save for the future, yet have easy access to your money if you need it.
Minimum Balance £100
Download an application form for a Cash ISA.
Download a transfer form. Complete and return it to us at Buckinghamshire Building Society, FREEPOST, High Street, Chalfont St Giles, Bucks HP8 4BR. We will liaise with your existing provider and forward your new ISA information to you when the transfer is completed.
OPERATING THE ACCOUNT
You can invest up to £3,600 in a cash ISA with one provider in the tax year 2009-10. From 6 October 2009, the ISA subscription limit increased to £10,200 for anyone eligible to invest in an ISA who was born on or before 5 April 1960 (that is, who will be aged 50 or over during the current tax year). Up to £5,100 of the new ISA allowance can be saved in a cash ISA with one provider. The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively, the full £10,200 can be invested in a stocks and shares ISA with one provider.
These higher limits will apply to all eligible ISA investors with effect from 6 April 2010.
Withdrawals can be made at any time with no notice or loss of interest. If, however, you have paid the maximum subscription limit into your ISA in the tax year and make a withdrawal, you cannot replace the amount withdrawn during that tax year. Cash withdrawals are subject to daily branch cash limits.
Transfers of existing cash ISAs are accepted from other ISA providers.
The account can be operated either in person at our branches or by post.
The account can only be opened by UK resident individuals (not companies, charities, clubs, etc.) in single names only. Joint accounts are not permitted.
INTEREST RATES
Interest can be credited to the account annually at 31st December or paid annually or monthly to another bank account. Different interest rates apply for each method.
The interest rates are tiered, so you earn a higher rate of interest the more you save.
Interest rates are variable and we may change them at any time. We maintain interest rates at a competitive level.
Interest on this account will be paid gross providing that the ISA regulations have been fulfilled. Interest from this cash ISA will not have to be entered on your tax return.
IDENTIFICATION
Go to the Important information page for full details of our identification procedures.
Please note that, for legal reasons, we are unable to open an account unless we can verify your identity.
OTHER INFORMATION
Upon opening a cash ISA you will automatically become a Member of the Society and be bound by its Rules. This account is subject to the Cash ISA Terms and Conditions as well as the Societys General Terms and Conditions.
You may transfer your cash ISA to another ISA manager without penalty, provided you make your transfer request in writing.You can transfer money from your cash ISA into your stocks and shares ISA, but not from stocks and shares into a cash ISA.
This cash ISA does not meet the voluntary standards set by the Government for deposit based stakeholder products.
All new savers opening share accounts must agree to assign any future windfall rights to the Charities Aid Foundation. The application form has further details.
The Society operates a 14-day cooling off period, so if you change your mind about opening this account you will receive all your original capital plus any interest accrued.
The Society reserves the right to suspend or amend an issue of shares at any time and potential investors should check that the required issue is still available.
