Key Features

• Variable interest rate of 1.10% gross* p.a/AER**
• Minimum interest rate guarantee of 1.00% gross* p.a./AER**
• The minimum amount to open a Foundations Cash ISA is £25
• The maximum ISA allowance is £20,000 for the 2020/2021 tax year
• We're not accepting deposits after 1 April for the 2021/2022 tax year
• No-notice withdrawals; however, if a withdrawal is made, the value may only be replaced by further subscriptions where the annual investment limit for the relevant tax year has not been reached.
• A minimum balance of £25 is required in your account
• Monthly savings options
• View your account, request withdrawals and send secure messages via our online service (restrictions apply)
• Deposits can be made via bank transfer, Direct Debit or by cheque
• Interest payable on 5 April
• Limited to one ISA per member
• This account is not available for children
• Voting rights available

*All ISA interest is paid tax-free, which means it's exempt from income tax and no tax is deducted.  It's your responsibility to pay any tax due, based on your individual circumstances.  Tax rules may change in future.

**AER stands for Annual Equivalent Rate and provides a means of comparing interest rates by showing what the rate would be if interest was paid and added once a year.

1)Voting rights are available to those individuals aged 18 or over whose account balance was not less than £100 between the Society's previous financial year end (or other date as specified in the Rules) and the date of voting.