ISAs

Overview

A Fixed Rate Cash ISA generally offers a higher rate of interest for money that you can afford to put away for a year or more.

The Fixed Rate Cash ISA is available if you wish to take advantage of your ISA allowance for this tax year, or if you wish to transfer an ISA to us. All of the interest you earn is tax-free, and it won’t count towards your Personal Savings Allowance.

Fixed Rate Cash ISAs are limited edition accounts which may be withdrawn at any time without notice, so if you see one you like, don't take too long to apply as there are no guarantees it will still be available the next time you look.

To make sure it's right for you, please read through the Key product details and the Is it for me sections, together with the General Savings Conditions and the Key Features & Summary Box document which includes the specific conditions for the ISA.

Please refer to the ISA Information Booklet for more information about the Cash ISAs we offer.

Key product details

Things you need to know about our Fixed Rate Cash ISAs are:

  • you’ll earn a fixed rate of interest for a fixed period of time
  • you can deposit anything from £1,000 up to £20,000 in the 2017/2018 tax year provided you have not subscribed to another Cash ISA in the same tax year
  • you can transfer your existing ISAs from any other provider
  • once you have applied for the account we must receive your deposit/transfer within 30 days
  • we calculate interest daily and can pay it to you either monthly or annually
  • you cannot make regular deposits into a Fixed Rate Cash ISA. Once you have applied for the account we must receive your deposit/transfer within 30 days
  • you can make withdrawals or transfer your ISA to another provider. However you will lose interest on each amount you withdraw/transfer. The number of days interest that you will lose will depend on the product you choose and is detailed in the Key Features & Summary Box document
  • our Cash ISAs are not flexible ISAs - you cannot take money out of your Cash ISA and replace it in the same tax year, without it counting towards your annual ISA allowance
  • all payments to and from your Charter Savings Bank account must be from the same UK bank or building society Nominated Account you provide when applying for the Account (except when you are transferring an ISA to or from another ISA provider)

Is it for me?

This might be the right type of account for you if you:

  • want to take advantage of your ISA savings allowance or have an ISA you wish to transfer to us
  • want to fix the interest rate your savings earn for a fixed period of time
  • want a Cash ISA you can open and manage online
  • do not require access to your money for the term of the Fixed Rate Cash ISA

Overview

An Easy Access Cash ISA is just the thing for money that you need access to quickly. No fixed periods, no need to give notice, just a simple account where your money earns interest until you need it.

The Easy Access Cash ISA is available if you wish to take advantage of your ISA allowance for this tax year, or if you wish to transfer an ISA to us. All of the interest you earn is tax-free, and it won’t count towards your Personal Savings Allowance.

To make sure it’s right for you, please read through the Key product details and the Is it for me sections, together with the General Savings Conditions and the Key Features & Summary Box document which includes the specific conditions for the ISA.

Please refer to the ISA Information Booklet for more information about the Cash ISAs we offer.

Key product details

Things you need to know about our Easy Access Cash ISAs are:

  • you can deposit anything from £1,000 up to £20,000 in the 2017/2018 tax year provided you have not subscribed to another Cash ISA in the same tax year
  • you can transfer your existing ISAs from any other provider
  • once you have applied for the account we must receive your deposit/transfer within 30 days
  • you can then add to your savings at any time (up to the maximum ISA subscription level per tax year)
  • you can withdraw your money or transfer your ISA to another provider without giving us notice
  • we calculate interest daily and can pay it to you either monthly or annually
  • our Cash ISAs are not flexible ISAs - you cannot take money out of your Cash ISA and replace it in the same tax year, without it counting towards your annual ISA allowance
  • the interest rate is variable on balances of £1,000 and over
  • if your balance falls below £1,000, your interest rate will reduce to 0.10% AER* (0.10% annual Tax Free**; 0.10% monthly Tax Free**) fixed until your balance increases to £1,000 or more
  • all payments to and from your Charter Savings Bank account must be from the same UK bank or building society Nominated Account you provide when applying for the Account (except when you are transferring an ISA to or from another ISA provider)

Is it for me?

This might be the right type of ISA for you if you:

  • want to take advantage of your ISA allowance or have an ISA you wish to transfer to us
  • need access to your savings quickly
  • want peace of mind that you can access your savings when you need to
  • do not require a flexible ISA, and understand you cannot take money out of your Cash ISA and replace it in the same tax year, without it counting towards your annual ISA allowance
  • want a Cash ISA you can open and manage online

Name Interest
paid
Balance
from
Balance
to
Tax
Free 
AER* Key Features &
Summary Box
Name:Easy Access Cash ISA - Issue 2 Interest Paid:Annually Balance From:£1,000 Balance To:£1,500,000 Tax Free0.50% AER*:0.50% Key Features:KFD  
Name:Easy Access Cash ISA - Issue 2 Interest Paid:Monthly Balance From:£1,000 Balance To:£1,500,000 Tax Free0.50% AER*:0.50% Key Features:KFD  
Name:1 Year Fixed Rate Cash ISA Interest Paid:Annually Balance From:£1,000 Balance To:£1,500,000 Tax Free1.21% AER*:1.21% Key Features:KFD  
Name:1 Year Fixed Rate Cash ISA Interest Paid:Monthly Balance From:£1,000 Balance To:£1,500,000 Tax Free1.20% AER*:1.21% Key Features:KFD  
Name:2 Year Fixed Rate Cash ISA Interest Paid:Annually Balance From:£1,000 Balance To:£1,500,000 Tax Free1.37% AER*:1.37% Key Features:KFD  
Name:2 Year Fixed Rate Cash ISA Interest Paid:Monthly Balance From:£1,000 Balance To:£1,500,000 Tax Free1.36% AER*:1.37% Key Features:KFD  
Name:3 Year Fixed Rate Cash ISA Interest Paid:Annually Balance From:£1,000 Balance To:£1,500,000 Tax Free1.45% AER*:1.45% Key Features:KFD  
Name:3 Year Fixed Rate Cash ISA Interest Paid:Monthly Balance From:£1,000 Balance To:£1,500,000 Tax Free1.44% AER*:1.45% Key Features:KFD  

* AER stands for annual equivalent rate and illustrates what the interest rate would be if it was paid and compounded once each year.
Tax Free - the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Tax treatment depends on an individual’s personal circumstances. The government is responsible for the favourable tax treatment of ISAs and that may change.
The notice and easy access accounts have variable interest rates.
We reserve the right to withdraw these products from sale at any time.

Financial Services Compensation Scheme

Financial Services Compensation Scheme

Your eligible deposits with Charter Savings Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information or visit www.fscs.org.uk.