Saffron Building Society

Saffron Building Society

Phone: +44 0800 072 1100

One Year Fixed Term, Fixed Rate Cash ISA

Our One Year Fixed Term Fixed Rate Cash ISA allows transfers in from other ISA providers to help you get the most from your tax-free savings.
Interest Rate
1.50% AER
Minimum Balance
£500 or over
-Open with £500 by post or in one of our branches.
-This account can be opened with this year's Cash ISA allowance and will also accept transfers in of previous years' subscriptions in whole or in part.
-As this is a fixed term account, you must make the payments in as part of the opening process.
-Further funds may not be added to the account once opened.
-If you need access to your funds you will need to close the account. This will incur a 180 day interest penalty which will be deducted from the capital if necessary. Partial withdrawals are not permitted and closure of the account may result in loss of ISA status.
-Your interest will be paid on maturity.
-Deposit up to a maximum of £1,000,000.
-This is a fixed term account that will run for one year from the date of the initial deposit.
-Shortly before your account matures we will contact you for instructions.
-If we do not receive any instructions from you prior to maturity, your account will automatically switch to a variable rate Loyalty Cash ISA.
-You must be aged 16 years or older to open this account.
-You are not allowed to open another Cash ISA in the same tax year. If a current year's subscription for a Cash ISA is transferred to a Stocks & Shares ISA, you are entitled to subscribe to another Cash ISA once the transfer is complete, subject to the overall subscription limits.
-You may transfer your current year's subscriptions in whole, and previous tax years' investments in whole or part, to another ISA manager, at any time, by giving us notice in writing. If your transfer takes place before maturity, your account will be subject to a penalty equivalent to 180 days' interest to be deducted from the capital if necessary.
-If your account falls below the minimum balance, you will earn a fixed rate of 0.05% gross p.a./AER*
-2013/2014 Cash ISA allowance is £5,760.


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