Fixed Rate Cash ISA
6.30
- Tax free savings, up to the annual allowance of £3,600
- Guaranteed interest rate until 15 August 2009, 15 August 2011 or 15 August 2013
- Open with an initial deposit of £500
Key features of Fixed Rate Cash ISAs
- Combines tax-free savings with a guaranteed interest rate throughout the term of the account.
- Invest from £500 up to a maximum of £3,600 each tax year in our Cash ISAs.
- Fixed Rate Cash ISAs are intended as longer term deposits, although you can have access to your money, subject to a charge equivalent to either 60, 120 or 180 days loss of interest on the amount withdrawn from issues 73, 74 and 75 respectively.
1.Gross is the rate of interest paid to eligible non-tax payers without deduction of lower rate tax.
2.AER stands for the Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year. For Cash ISAs interest is paid tax-free, that is gross with no tax deducted.
© Northern Rock plc. 2008