Instant Access ISA - Mortgages - Cambridge Building Society

Saving with the Cambridge

ISA ACCOUNTS

YOUR ISA OPTIONS

Your ISA options

OTHER SAVINGS ACCOUNTS

Other Savings Accounts

Instant Access ISA

An instant access savings account paying tax-free interest.

Account Brochure

Interest Rates

Instant Access ISA

Interest rates are variable. Current rates effective from 3rd April 2009.

Key Features

An instant access savings account paying tax-free interest.
Minimum investment £1.
Maximum subscription during the 2009/2010 tax year is £3,600 (up to £5,100 for anyone aged 50 or over). Maximum subscription during the 2010/2011 tax year is £5,100.
Our Instant Access ISA accepts transfers in from existing cash ISAs held with other providers.
Take out cleared funds from your account at any of our branches, at any time, and without interest penalty.
You can draw your account down to just £1.
Interest is tax-free and is paid with no tax deducted.
The interest rate is variable and may change from time to time.
Interest is calculated daily and paid annually on 31st December.
We provide you with a passbook to help you keep track of your savings and interest.
Meets the Government's Stakeholder standards (see table below for more information).

The Tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.

The Annual Equivalent Rate (AER) is a notional rate which illustrates what the gross interest rate would be if interest was paid and added to the account annually.

Cash Individual Savings Accounts (ISAs) pay interest tax-free provided all terms and conditions of the account are met.

Tax assumptions are based on current legislation which may change in the future. Tax treatment or the rate of interest payable depends on your individual circumstances and may be subject to change in the future.

	Stakeholder Standards	Our instant Access ISA promise
Deposits	Minimum deposit No more than £10. Method of deposit Cash, cheques, direct debits, standing orders and other forms of direct credit.	Minimum deposit £1. Method of deposit Cash, cheques, direct debits, standing orders and other forms of direct credit.
Interest	Interest payment Accrues daily and rate paid not less than 1% below the Bank of England base rate. Rate changes Interest rate increases must be made within one month of Bank of England rate increases.	Interest payment Accrues daily and the rate paid is guaranteed to be no less than 1% below the Bank of England base rate. Rate changes We will raise interest rates within one month of Bank of England rate increases.
Withdrawals	Notice period No more than seven days notice needed for withdrawals or transfer. Number of withdrawals No restriction of the number of withdrawals.	Notice period No notice required for withdrawal of cleared funds. Transfers take no more than seven days. Method of deposit No restriction of the number of withdrawals.