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bonus cash isa 2

Do you want to earn tax-free interest on your savings?

THIS PRODUCT IS NOW A CLOSED ISSUE

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 2013, a bonus cash ISA could be for you.  You can open our bonus cash ISA savings account with £500.
You can add to your account subject to ISA limits for the tax year ending 5 April 2013.  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 in until the next tax year.

A one-off bonus of 1% of the account balance as at 31.10.2013 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 31.10.2013, 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 2
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 2013.  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 in until the next tax year.

A one-off bonus of 1% of the account balance as at 31.10.2013 will be added to your account on that date if no withdrawals were made up to that date.
Withdrawal conditions:
Instant Access, the bonus will not be paid if a withdrawal is made prior to 31.10.2013.
Notice period:
You can withdraw money, close the account or transfer it to another ISA provider but if you make any withdrawal before 31.10.2013, you will lose the 1% bonus.
Interest payment:
Interest is paid on 31 October 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. 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 bonus 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.

You will have 14 days after you open this account if you decide it is not suitable for you.  You can close the account at any branch or by writing to our head office.  There are more details in the general terms and conditions (savings and investment accounts) leaflet.

Transfers-In from other ISA Managers - On receipt of a transfer instruction from you we will forward it to the old ISA manager, together with a confirmation that we will accept the transfer, within 5 business days of the date of receipt, and on receipt of the cash and accompanying information from the old ISA manager, we will credit the cash to the ISA account within 3 business days of the date of receipt.

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 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.

You should make sure that you understand all of the terms and conditions of this account.

You can ask us for more information about these.
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
£1+ 1.70% 1.70% N/A
£500+ 1.70% 1.70% N/A
£15000+ 1.70% 1.70% N/A
£30000+ 1.70% 1.70% 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.

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