What is the last day to open an account and/or complete an ISA transfer to qualify?
- In branch: 5 May 2017
- Mobile, online, telephony: open account by 4 May 2017 so can fund by 5 May 2017
- Transferring an ISA: request transfer by 26 April to ensure funds received in a Cash ISA by 5 May 2017
What interest rate will I earn on anything more than £20,000?
You’ll earn the interest rate without bonus which applies to the tier your savings fall into. Please see the bonus rates table.
Once I’m earning the bonus interest rate, what will happen if my balance falls below £20,000 between 18 May 2017 and 17 May 2018?
You’ll continue to earn the bonus interest rate on what is left in your account. For example you have £30,000 and you withdraw £20,000, you’ll earn 1.01% (variable – includes 1.00% fixed tax free p.a. bonus interest rate) on the remaining £10,000 until 17 May 2018 when the bonus interest rate ends.
What happens if I close/transfer my ISA during the 12 months?
If you close your Cash ISA between 18 May 2017 and 17 May 2018, no bonus interest will be calculated or paid for the month you close your account. Standard variable interest will continue to accrue on a daily basis, right up until the day your Cash ISA is closed.
What happens when the 12 months ends?
On 18 May 2018 you’ll receive your final bonus interest rate payment. You’ll be able to see and access this interest in your account on the following day. On 18 May 2018 the interest payable on your savings will revert to the interest rate without the bonus. Please see interest rate table. We’ll give you 14 days’ notice in advance of this change.