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30 Day Cash ISA

  • Access your money with 30 days notice
  • Immediate access is allowed with 30 days penalty loss of interest
  • You can transfer in from another ISA provider
  • Summary
  • Important InformationInfo
  • How to Apply
  • Account Name

    30 Day Cash ISA
  • What is the interest rate?

    £100 + 0.85% Gross PA/AER

    If the balance falls below £100, a variable rate of 0.10% Gross / AER will be paid.

    Interest is calculated daily and paid annually at 31 December into this account or a nominated account as stated on your application form. You can also choose to have your interest paid monthly into a nominated account.

  • Can Buckinghamshire Building Society change the interest rate?

    Yes, interest rates are variable and we can change them at any time. Any changes will be made in accordance with Section 7 of our General Terms and Conditions which sets out when we can vary the interest rate and how and when we will notify you.
  • What would be the estimated balance after 12 months based on a deposit of £1,000?

    The estimated balance after 12 months based on an initial deposit of £1,000 would be £1,008.50. This estimation assumes that £1,000 is deposited on 1 January with no deposit or withdrawal transactions made and interest subsequently paid gross at 31 December.

    This projection is provided for illustrative purposes only and does not take into account the individual circumstances.

  • How do I open and manage my account?

    • Open an account with a minimum of £100 in person or by post. You may only pay into one Cash ISA per tax year.
    • Deposits can be made in person, by cheque payable to the account holder or by bank transfer.
    • You can pay money in at any time up to the annual ISA subscription limit which is £20,000 for the current tax year (6th April 2019 to 5th April 2020).
    • You can add your annual subscription to your new Cash ISA provided you have not paid into another Cash ISA in the current tax year.
    • The overall ISA subscription limit can be split in any way between a Cash ISA, an innovative finance ISA, a Lifetime ISA and a stocks and shares ISA.
    • We accept transfers from other providers into this Cash ISA.
    • We accept APS allowances for a deceased spouse into this account.
    • Accounts can be opened by UK resident individuals aged 16 and over in single names only.
    • We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.
  • Can I withdraw money?

    • Yes, you can take your money out by giving us 30 days notice in writing. Immediate withdrawals are permitted subject to 30 days penalty loss of interest.
    • You can withdraw in cash at our branch, or by cheque or bank transfer by writing to us and sending your passbook.
    • Cash withdrawals are subject to a daily limit of £500 and £3,000 on 3 days notice.
    • Faster payment transfers are limited to £100,000.
    • If you have subscribed the maximum annual limit into your Cash ISA and make a withdrawal, you cannot replace the amount withdrawn during that tax year.
  • Additional Information

    • Gross Rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. We will pay interest at the gross rate. It is your responsibility to declare any interest you earn to HMRC. The Society also has a legal obligation to supply HMRC with particulars of interest paid.
    • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
    • Interest on a Cash ISA is paid tax free provided the ISA regulations have been fulfilled.
    • The favourable tax status of ISAs is granted by the Government and may be subject to change.

You should read this information carefully in conjunction with our Cash ISA Terms and Conditions and our General Savings Terms and Conditions to ensure you understand them.

Upon opening one of these accounts you will automatically become a member and be bound by the Society’s Rules, a copy of which is available on request.

The Society operates a 14 day cancellation period, so if you change your mind about opening an account you will receive back all your original capital plus any interest accrued.

Accounts cannot be operated by a third party unless a Power of Attorney is in place.

To Open an Account

Download and complete the application form and return it to us by post or to the branch.

If you are transferring from another provider, please also complete the ISA transfer form.

Financial Services Compensation Scheme

You must read the Information Sheet which gives all the details of the FSCS and how you are covered.

The FSCS is the UK's statutory fund of last resort for customers of financial services firms. This means that the FSCS can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it. The FSCS is an independent body, set up under the Financial Services & Markets Act 2000 (FSMA). 

Verifying your Identity

In order to help you to keep your money safe from fraud we verify the identity of all customers opening a new savings account with the Society. Click here to see the list of required ID documents.