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Cash savings products provided by Standard Life Bank plc, a division of the Barclays Group.

Direct Access Cash ISA

In this section

Introduction

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.

From 6 October 2009 save up to £5,100 tax free each year for anyone born on or before 5 April 1960.
For those born after 5 April 1960, save up to £3,600 tax-free each year, increasing to £5,100 from 6 April 2010.
Our Cash ISA has NO limited bonus period, tie-ins or withdrawal penalties.
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 Key product information for this account
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 maximum subscription limit 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.

Important Information

The tax-free rate is the rate of interest payable where interest is exempt from income tax.

ISAs attract tax reliefs, which the Government may alter in future. The value of these reliefs to you depends upon your own personal financial circumstances.

The interest payable in relation to savings accounts depends on the individual circumstances of each customer and may be subject to change in the future.

Withdrawals sent by electronic transfer via your external account will normally take 3 working days.

For all accounts opened on or after 1 March 2010 no transfers in from another ISA account (with us or anyone else) are permitted.

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.
Standard Life Cash ISAs provided by Standard Life Bank plc, a division of the Barclays Group. These ISA products are managed by Standard Life Savings Limited, a member of the Standard Life Group.
Minimum deposit £1.