This is a Regular Monthly Saver Cash ISA with a variable interest rate and the opportunity to make 1 annual withdrawal.
Download an application form for a Chiltern Gold Nuggets.
OPERATING THE ACCOUNT
| Minimum balance £10 | Minimum monthly contribution £10 |
| Maximum balance £5,100 per tax year. | Maximum monthly contribution £425 |
Regular monthly payments of the same amount each month must be made into this account. These can be made by cash, cheque or standing order. If a payment is not made within any calendar month, then the account will receive 0.1% gross interest for the entire period (from the date of account opening).
Your first payment must be made by cheque. We will then send you a form for you to send to your bank so they can set up the subsequent payments by standing order.
The ISA limit is £10,200 per tax year of which up to £5,100 can be invested in a cash ISA in the current tax year. The remainder can be invested in a stocks and shares ISA with the same or another provider.
You must be 16 years of age or over to invest in a cash ISA. You may only pay into one cash ISA per tax year.
The account allows the facility to make 1 penalty free withdrawal per tax year (6 April – 5 April). If 2 or more withdrawals are made, then the account will receive 0.1% gross interest for the entire period.
Transfers are not permitted into this account. You may transfer your cash ISA to another ISA manager provided you make your request in writing.
The account can only be opened by UK resident individuals (not companies, charities, clubs, etc.) in single names only.
INTEREST RATES
Click here to view the interest rates.
Interest will be credited annually at 31st December either into the account or to another bank/building society account.
The interest rate is variable and we may change it at any time.
For example if you saved £425 each month, this would lead to gross interest of £52.41 at the end of a 12 month period, provided the interest rate does not change in that 12 month period.
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 Essential 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 this account 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 Society's General Terms and Conditions.
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.
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.
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 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.
