rolling tracker cash isa 2
Do you want to earn tax-free interest on your savings?
Click here for the summary box - key product information for this savings account.
If you want to earn tax-free interest on your savings, a rolling tracker cash ISA 2 could be for you. You can open our rolling tracker cash ISA 2 savings account with a minimum of £500. Including the amount you open the account with, you can pay in up to the current annual ISA subscription limit in the tax year in which you open the account.
This rolling tracker cash ISA 2 tracks the Bank of England Base Rate and the interest rate relationship to the Bank of England Base Rate on this rolling tracker cash ISA 2 is determined prior to 5 April each year (commencing 2012). Interest rates will vary with the Bank of England Base Rate and are variable.
Part withdrawals, closure or transfers-out to another ISA provider are permitted from this account, subject to a loss of 45 days' gross interest at the rate applicable to the account on the amount withdrawn. Each year from 6 April (commencing 2012) you will normally have 7 days in which to make a withdrawal, close the account or give notice to transfer-out to another ISA provider without incurring the interest charge.
So if you want to make the most of tax-free savings, take a look at our rolling tracker cash ISA account.
What are the full terms and conditions?
- Account name:
- Rolling Tracker Cash ISA 2
- Minimum amount to open the account:
- £500.00
- Investment conditions:
- You must open this rolling tracker ISA with a minimum of £500. Including the amount you open the account with, you can pay in up to the current annual ISA subscription limit in the tax year in which you open the account.
In the following years, you can pay up to the annual ISA subscription limit into the account in each tax year. Once you reach the maximum yearly limit, you cannot pay any more money until the next tax year.
As this rolling tracker cash ISA is a Limited Edition it may be closed to investors at any time without notice. The availability of the account for the next 12 months (commencing April 2012) will be reviewed by Darlington Building Society prior to 5 April every year (commencing 2012) and the account may be withdrawn by us giving you 30 days' notice. - Withdrawal conditions:
- Part withdrawals, closure or transfers-out to another ISA provider are permitted from this account, subject to a loss of 45 days' gross interest at the rate applicable to the account on the amount withdrawn. Each year from 6 April (commencing 2012) you will normally have 7 days in which to make a withdrawal, close the account or give notice to transfer-out to another ISA provider without incurring the interest charge.
If the balance on the account falls below £500, interest will be earned at the £1+ level of the Society's Instant Access Account. - Interest payment:
- We work out interest every day and add it to your account on 5 April each year.
- Eligibility:
- You must be aged 16 or over to open this account. You can only open a cash ISA in your name. Joint accounts are not allowed.
We will not accept transfers into this account from other cash ISA providers or from a Darlington Building Society cash ISA. - Other features:
- Every adult has an annual ISA investment allowance. You can save part of that allowance in cash with one provider. You can invest the rest in a stocks and shares ISA with either the same provider or a different one. The maximum amount which can be paid into your ISA in each tax year (6 April - 5 April the following year) is the maximum amount permitted by the Individual Savings Account Regulations 1998, as amended or replaced from time to time.
At the moment the Government have no plans to stop offering ISAs.
This rolling tracker cash ISA does not meet the Government's minimum standards for deposit-based stakeholder products.
The Government cannot guarantee the favourable tax treatment of ISAs and the situation may change in the future.
Transfers-Out to other ISA Managers - On receipt of a transfer instruction from another ISA manager we will send the cash and accompanying information to the new ISA manager within 5 business days of the receipt of the instructions. The transfer authority from the new ISA manager should clearly indicate whether or not you want to serve any relevant notice/penalty period. - Notes:
- This account tracks the Bank of England Base Rate and the interest rate relationship to the Bank of England Base Rate on this rolling tracker cash ISA is determined prior to 5 April each year (commencing 2012) and we will advise this rate to you. Interest rates will vary with the Bank of England Base Rate and are variable.
Interest rates will be amended on the first day of the month following any change to the Bank of England Base Rate.
Current interest rates
| Amount | Gross * | Gross AER # | Net * |
|---|---|---|---|
| £500+ | 2.25% | 2.25% | 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.
