bonus cash isa
Do you want to earn tax-free interest on your savings, at a rate fixed rate of interest?
Click here for the summary box - key product information for this savings account.
If you want to earn tax-free interest on your savings and would like a bonus for not making a withdrawal before 31 October 2010, a bonus cash ISA could be for you. You can open our bonus cash ISA savings account with £500 and earn up to 2.50% gross . The Annual Equivalent Rate is 1.50%.
You can add to your account subject to ISA limits for the tax year ending 5 April 2010. No ISA subscriptions are allowed for future years.
A one-off bonus of 1% of the account balance as at 31.10.2010 will be added to your account on that date if no withdrawals were made up to that date.
You can withdraw money, close your account or transfer it to another ISA provider but if you make any withdrawal before 31.10.2010, you will lose the 1% bonus.
So if you want to make the most of tax-free savings, take a look at our bonus cash ISA account.
What are the full terms and conditions?
- Account name:
- Bonus Cash ISA
- Minimum amount to open the account:
- £500.00
- Investment conditions:
- You must open this bonus cash ISA with a minimum of £500. You can add to your account subject to ISA limits for the tax year ending 5 April 2010. No ISA subscriptions are allowed for future tax years.
A one-off bonus of 1% of the account balance as at 31.10.2010 will be added to your account on that date if no withdrawals were made up to that date. - Withdrawal conditions:
- You can withdraw money, close the account or transfer it to another ISA provider but if you make any withdrawal before 31.10.2010, you will lose the 1% bonus.
- Interest payment:
- Interest is paid on 31October each year. Interest is added to the account.
- Eligibility:
- You must be aged 16 or over to open this account. You can only open a bonus cash ISA in your name. Joint accounts are not allowed.
We will accept transfers into this account from Darlington Building Society cash ISA holders or from other cash ISA providers. Previous years subscriptions must be transferred in full. No partial transfers-in allowed. - Other features:
- Every adult has an annual ISA investment allowance of £7,200. Up to £3,600 of that allowance can be saved in cash with one provider. The remainder of the £7,200 can be invested in a stocks and shares ISA with either the same or another provider.
From 6 October 2009, the ISA subscription limit will increase to £10,200 for anyone eligible to invest in an ISA who was born on or before 5 April 1960 (i.e. who will be aged 50 or over during the current tax year). Up to £5,100 of the new ISA allowance can be saved in a cash ISA with one provider. The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively, the full £10,200 can be invested in a stocks and shares ISA with one provider.
These higher limits will apply to all eligible ISA investors with effect from 6 April 2010
You can invest in two separate ISAs each tax year; a cash ISA and stocks and shares ISA.
At the moment the Government have no plans to stop offering ISAs.
The Government cannot guarantee the favourable tax treatment of ISAs and the situation may change in the future. - Notes:
- As this bonus cash ISA is a Limited Edition it may be closed to investors at any time without notice. After the bonus cash ISA has been closed, we will not allow new accounts to be opened or transfers in from other ISA providers.
Current interest rates
| Amount | Gross | Gross AER # | Net |
|---|---|---|---|
| £500+ | 2.50% | 1.50% | N/A |
Please make sure that you have read and fully understand the full terms and conditions before you decide to open this account. If you need any further information please telephone 01325 366366, email sales@darlington.co.uk or contact your local branch.
You should also read our general terms and conditions which you can download to the left of this page and which also form part of the terms and conditions of this account.
We are part of the Financial Services Compensation Scheme.
# - A.E.R. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
