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.
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. You should seek financial advice if you're not sure whether transferring is right for you.
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
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.
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. You should seek financial advice if you're not sure whether transferring is right for you. 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. 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.
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.
ISA documentation is issued by Standard Life Cash Savings for the ISA manager,
Standard Life Savings Limited.
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