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  • Cash ISA

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Account name

      Cash ISA

    • What is the interest rate?

      £1 plus        0.75% gross pa / AER *

    • What would be the estimated balance after 12 months based on a £1,000 deposit?

      The estimated balance after 12 months based on an initial deposit of £1,000 would be £1,007.50.

      This estimation assumes that £1,000 is deposited on 1 January with no deposit or withdrawal transactions made and interest subsequently paid gross on 31 December. These figures are for illustrative purposes only.

    • Can Buckinghamshire Building Society change the interest rate?

      Yes, interest rates are variable and we can change them at any time.  We will inform you before we do this. Section 7 of our General Terms and Conditions has further details.

    • How do I open and manage my account?

      Open an account with a minimum of £1 in person or by post. Accounts can be opened in single names only. Transactions can be made at our branch or by post. You can pay money in at any time up to the maximum ISA limit for the current tax year.

    • Can I withdraw money?

      Yes you can withdraw by cash, cheque or bank transfer at any time. 

    • Additional information

      If you withdraw money from a Cash ISA you cannot invest it back into the account in the current tax year.

    Effective: 01 July 2018
    Balance Gross PA/AER Monthly Gross Monthly AER
    £1 0.75% 0.75% 0.75%
    Previous rates effective: 01 October 2016
    Gross PA/AER Monthly Gross
    0.50%

    This account includes other issues and accounts also known as Simple Cash ISA.

    To Open an Account

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

    Financial Services Compensation Scheme (FSCS)

    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.

*AER stands for Annual Equivalent rate and illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to 2 decimal places. Gross interest is the rate payable to you. Interest on Cash ISAs is paid tax free.

How much can I save?

You can save up to £20,000 for the current tax year (6th April 2018 – 5th April 2019)

 What do I need to know before opening this account?

  • You may only pay into one Cash ISA per tax year.
  • Transfers in of an existing Cash ISA are NOT permitted into this account. You may transfer this cash ISA to another ISA manager provided you make your request in writing and send us your passbook. 
  • We do not accept APS allowances for a deceased spouse.
  • You can split your ISA limit between a Cash ISA, a Stocks and Shares ISA, an innovative finance ISA and a Lifetime ISA in the same tax year.
  • You must be 16 years old or more to open this account and it can only be opened in a single name, by a UK resident. Joint accounts are not permitted.

How can I take my money out?

You can withdraw your money at any time by presenting your passbook at our branch or posting your passbook with a written withdrawal request.

If you have reached the maximum annual limit of your Cash ISA and then make a withdrawal, you cannot replace the amount withdrawn during that tax year.

Withdrawals may be made by cash, cheque, or bank transfer and cash withdrawals are subject to a daily branch limit of £500. Withdrawals above this amount up to a maximum of £3000 require 3 days notice. Faster Payment transfers are subject to a limit of £100,000.

How do I transfer my cash ISA to another provider?

  • Ask your new provider for a transfer form.
  • Complete the form and send it to us together with your passbook.
  • We will transfer your money to your new provider. The transfer process will be completed within 15 days.
  • Remember if you withdraw your money instead of transferring, you cannot replace the amount withdrawn into an ISA in the current tax year.

Can I change my mind?

We operate a 14 day cancellation period from the date you open the account. If you change your mind you can receive back your original capital plus any interest accrued.

Tax Residency

We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.

Interest Rates

The interest rates are variable and interest can be paid annually at 31st December into the account or into a nominated account. Monthly interest is also available but can only be paid into another account, not added to your Cash ISA account. Interest on a Cash ISA is paid tax free.

 

40638

*AER stands for Annual Equivalent rate and illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to 2 decimal places. Gross interest is the rate payable to you. Interest on Cash ISAs is paid tax free.

How much can I save?

You can save up to £20,000 for the current tax year (6th April 2018 – 5th April 2019)

 What do I need to know before opening this account?

  • You may only pay into one Cash ISA per tax year.
  • Transfers in of an existing Cash ISA are NOT permitted into this account. You may transfer this cash ISA to another ISA manager provided you make your request in writing and send us your passbook. 
  • We do not accept APS allowances for a deceased spouse.
  • You can split your ISA limit between a Cash ISA, a Stocks and Shares ISA, an innovative finance ISA and a Lifetime ISA in the same tax year.
  • You must be 16 years old or more to open this account and it can only be opened in a single name, by a UK resident. Joint accounts are not permitted.

How can I take my money out?

You can withdraw your money at any time by presenting your passbook at our branch or posting your passbook with a written withdrawal request.

If you have reached the maximum annual limit of your Cash ISA and then make a withdrawal, you cannot replace the amount withdrawn during that tax year.

Withdrawals may be made by cash, cheque, or bank transfer and cash withdrawals are subject to a daily branch limit of £500. Withdrawals above this amount up to a maximum of £3000 require 3 days notice. Faster Payment transfers are subject to a limit of £100,000.

How do I transfer my cash ISA to another provider?

  • Ask your new provider for a transfer form.
  • Complete the form and send it to us together with your passbook.
  • We will transfer your money to your new provider. The transfer process will be completed within 15 days.
  • Remember if you withdraw your money instead of transferring, you cannot replace the amount withdrawn into an ISA in the current tax year.

Can I change my mind?

We operate a 14 day cancellation period from the date you open the account. If you change your mind you can receive back your original capital plus any interest accrued.

Tax Residency

We do not open accounts for any individual who has a foreign tax residency, even though they may also hold UK tax resident status.

Interest Rates

The interest rates are variable and interest can be paid annually at 31st December into the account or into a nominated account. Monthly interest is also available but can only be paid into another account, not added to your Cash ISA account. Interest on a Cash ISA is paid tax free.

 

Further Information

To Open an Account

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

Financial Services Compensation Scheme (FSCS)

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.