Cash ISA Fixed Rate Bond

Issue 19 - maturity date 25th April 2014
and Issue 20 - maturity date 27th May 2016

At a glance

Interest rates

How to apply

Summary box

• Limited offer – apply now

  Our Cash ISA Fixed Rate Bonds* are a limited offer Cash ISA. The Bonds pay a guaranteed interest rate so you know exactly how much your savings will grow.
  *subject to availability

  Main features

  • Tax free growth
  • Guaranteed interest rates until 25th April 2014 (Issue 19) and 27th May 2016 (Issue 20) 
  • The minimum amount to invest is £2,000
  • Keep all of your cash ISA funds in the one place
  • Interest is calculated daily and credited to the account at maturity
  • Transfer your cash ISAs to us from other providers.
  • Unless you tell us otherwise on Maturity the Cash ISA - Fixed Rate Bond will be re invested into a new Cash ISA - Fixed Rate Bond of a term closest in length to your original Cash ISA - Fixed Rate Bond term. We will write to you with details of the available options before maturity.
     

  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.

  Making withdrawals

  The Cash ISA Fixed Rate Bond is designed for savers who don’t need to access their funds before 25th April 2014 (Issue 19) and 27th May 2016 (Issue 20). If you withdraw your money before that date, you will have to pay an early withdrawal charge of minimum £30 and the account will be closed.

  ISA Subscription limits (2013/2014)

  Your annual Cash ISA Subscription limit from the 6th April 2013 to 5th April 2014 is £5,760.

  Ideal for ISA transfers

  If you already have Cash ISAs with Clydesdale Bank or any other provider, you can transfer them to one of our Cash ISAs at account opening. That way, you could potentially earn a greater return on all your cash ISA savings.

• Issue 19 guaranteed interest rate of 1.75% Tax-free/AER until 25th April 2014.

  Issue 20 guaranteed interest rate of 2.20% Tax-free/AER until 27th May 2016.

  For Issue 19 - Interest is calculated daily and credited to the account at maturity, or (if any) when the account is closed, if earlier.

  For Issue 20 - Interest is calculated daily and credited to the account annually and at maturity, or (if any) when the account is closed, if earlier.

  The minimum amount to invest is £2,000.

  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.

• How to apply

  • At a branch - find your nearest Clydesdale Bank branch

  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.

• Summary Box

  Key Product Information for our Savings Account

  Account Name	Cash ISA - Fixed Rate Bond - (Issue 19) Maturity date 25.04.2014 and (Issue 20) Maturity date 27.05.2016
  Interest Rates (AERs)	Refer to the Cash ISA Tariff for personal customers, or our website www.cbonline.co.uk.
  Tax Status	Tax free – interest is paid gross.
  Conditions for bonus payment	N/A
  Withdrawal arrangements	You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before maturity, a charge will be payable. The charge is dependent on the number of days to Maturity and the minimum charge is £30.00. Please note following the closure of a Cash ISA account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. 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	Branch

  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.

Anyone aged 16 years or over is eligible to apply for a Cash ISA. You must be resident in the United Kingdom.