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Cash ISA 40 Day Notice

With tiered interest rates you can earn even more

Our new Cash ISA 40 Day Notice gives you the opportunity to potentially
earn a higher rate of interest, without having to lock your money away for
a long term.

Provided you give us at least 40 days’ notice, you can withdraw your money without paying a penalty.

  • Tiered interest rates – the more you save, the higher the interest rate your savings can earn
  • Transfer your old ISAs – when you transfer any existing cash ISAs you have with other providers, you may be able to enjoy higher interest rates
  • Annual interest – paid directly into your account
  • Easy to open – apply online and start saving today or pop in to your nearest branch. You only need £500 to open an account
  • Easy to save – you can save a regular amount each month or make lump sum payments whenever you want, up to a maximum of £3,600 a year. From 6 October 2009 this limit rises to £5,100 if you’re 50 or over
  • Easy to manage – make deposits and withdrawals at your branch, on the phone or by post

Transferring your existing ISAs
If you have any cash ISAs from previous years with other ISA providers, you can transfer them to your new Cash ISA 40 Day Notice. So it’s easier to manage your savings, and you could earn a higher rate of interest.

Making withdrawals
You can make penalty free withdrawals from your account by giving us 40 days’ notice. If you need to access your money in a hurry, there will be a maximum charge of £30. We will then transfer any remaining balance to our instant access Cash ISA. If you have invested the full allowance of £3,600, you won’t be able to make any further deposits in that tax year even if you have withdrawn funds.

Amount of savings Tax free++ / AER+ rate (%pa)
£24,000 and over 2.50%
£9,000 - £23,999 1.90%
£1 - £8,999 1.40%

 Rates are correct at 18 September 2009

++ Tax Free - is the rate payable when income is exempt from Income Tax

+ AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Opening a new account

There are three ways to open a new Cash ISA  40 Day Notice:

  • By phone – call us on 0800 012 1111 (open Mon-Fri 8am-8pm, Sat 9am-5pm)
  • By post – download an application form (PDF, opens in new window) and send it to us
  • At a branch – find your nearest Clydesdale branch (opens in new window)

Transfer your existing ISAs to a Cash ISA 40 Day Notice
You can transfer any cash ISAs to us – to enjoy benefits such as tiered interest rates.

Download the Key Features (PDF, opens in a new window), which gives details of the terms and conditions.

Summary Box

Key Product Information for our Savings Account

Account Name   Cash ISA - 40 Day Notice
Interest Rates (AERs)   Refer to the Savings Account Tariff for personal customers, our website www.cbonline.co.uk or the notice displayed in Branch.
Tax Status   Tax free – interest is paid gross.
Conditions for bonus payment   N/A
Withdrawal arrangements   Withdrawals require 40 days notice. Withdrawals without 40 days’ notice are subject to a charge. The withdrawal must be for the whole balance in the Account including any accrued interest. Withdrawals may only be made by transfer to another account. The charge is equivalent to 40 days gross interest or a minimum of £30.00, whichever is greater. The Account must then be transferred into a Cash ISA Account. Further details can be found in the Terms and Conditions. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number or amount withdrawn from your investment.
Access   Via Branch/Post

Anyone aged 16 years or over is eligible to apply for a Cash ISA and for a Stocks and Shares ISA applicants must be 18 or over. You must be resident and ordinarily resident in the United Kingdom.

The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty's Revenue and Customs (HMRC) practice which are subject to change. The proceeds of an ISA are currently free from UK Income Tax and Capital Gains Tax.

For your security, calls may be monitored or recorded.
 

Apply Today

Need help?

  • Call 0800 012 1111 (Mon to Fri 8am to 8pm, Sat 9am to 5pm)