For those who can commit some of their savings for a fixed period of time to earn an interest rate guaranteed to remain fixed for the term of the investment
- a minimum balance of £5,100
- you may transfer funds from another cash ISA e.g. an Instant Cash ISA to a Fixed Interest Fixed Term Cash ISA, provided only one cash ISA is subscribed to during the current tax year
- available if you are 16 years of age or over
Fixed Interest Fixed Term Cash ISA (term approximately 1 year)
Key Product Information Summary Box
| Account Name |
Fixed Interest Fixed Term Cash ISA - Issue 8T |
| Interest rates (AER) |
Tax Free1 / AER2 |
| 2.35% |
| Fixed interest until 26 July 2011, paid on 30 June. Interest added to the account annually or paid to another Cumberland account or bank account |
| Tax Status |
Interest is paid tax free |
| Conditions for bonus payment |
No bonus payment applies to this account |
| Withdrawal arrangements |
Partial withdrawals are not permitted during the fixed interest term. Closures and closure transfers to another ISA provider will be subject to 90 days loss of interest. Penalty free withdrawal on maturity date. |
| Access |
Local branch |
Fixed Interest Fixed Term Cash ISA (term approximately 3 years)
Key Product Information Summary Box
| Account Name |
Fixed Interest Fixed Term Cash ISA - Issue 9T |
| Interest rates (AER) |
Tax Free1 / AER2 |
| 3.25% |
| Fixed interest until 18 June 2013, paid on 31 May. Interest added to the account annually or paid to another Cumberland account or bank account |
| Tax Status |
Interest is paid tax free |
| Conditions for bonus payment |
No bonus payment applies to this account |
| Withdrawal arrangements |
Partial withdrawals are not permitted during the fixed interest term. Closures and closure transfers to another ISA provider will be subject to the following interest penalties: Up to 18.06.2011 - 180 days loss of interest. Between 19.06.2011 and 18.06.2012 - 120 days loss of interest. Between 19.06.2012 and 18.06.2013 - 90 days loss of interest. Penalty free withdrawal on maturity date. |
| Access |
Local branch |
- tax free rate of interest is the rate payable, under current legislation, where interest is exempt from income tax (your tax benefits will be lost if your ISA ceases to be tax exempt
- annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year