Save tax free with our Cash ISA
Taking out a Cash ISA is a simple way of making the most of your tax-free savings
limit.
Save up to £3,600 tax-free each tax year.
Our Cash ISA has NO limited bonus period, tie-ins or withdrawal penalties.
Bring all your Cash ISAs with you - combine all Cash ISA balances from previous years and earn 2.65% variable tax-free pa/AER on them all.
Easy to manage - once registered, our online service enables you to set up regular payments, top-up and view your Cash ISA at your leisure.
Summary box
Account name:
Direct Access Cash ISA
Interest rates (AERs):
Earn 2.65% variable tax-free pa/AER. See full rates .
Tax Status:
Tax-free on balances up to £3,600 for tax year 2009/10.
Conditions for bonus payment:
Not applicable to this type of account.
Withdrawal arrangements:
No notice period or penalties apply when making withdrawals on this type of account. However, as there is a limit on the amount you can deposit in your ISA in any tax year, you may not be able to reinvest any money you withdraw.
Access:
Enjoy easy access to your money over the phone 8am-6pm Mon-Fri, or make transactions
at a time that suits you with our online service .
Transferring your existing Cash ISA to us
You can transfer all your previous years' subscriptions plus the current one into our Direct Access Cash ISA at any time.Read more about transferring your Cash ISA to us
The Facts
Rates correct as at 6 April 2009, subject to variation.
The tax-free rate is the rate of interest payable where interest is exempt from income tax.
AER means the Annual Equivalent Rate and illustrates what the interest
rate would be if interest was paid and compounded each year.
For all accounts, you can choose whether interest is to be paid monthly
or yearly.
Accounts available to UK residents only over the age of 16.
For ISA accounts, you must be resident for tax purposes in the UK.
Cash ISAs Savings products provided by Standard Life Bank plc. All other
ISA products managed by Standard Life Savings Limited.
The tax relief for ISAs may be altered in the future and its value depends
on your financial circumstances.
ISA documentation is issued by Standard Life Bank plc for the ISA manager,
Standard Life Savings Limited.
Minimum deposit £1.
Withdrawals sent by electronic transfer via your external account will normally
take 3 working days.
You can transfer your ISA to us from another ISA manager at any time. You should be aware that your existing ISA manager may charge you an exit fee.
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