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Cash ISA Fixed Rate Bond

Issue 40 - maturity date 30th July 2021

Our Cash ISA fixed rate bond is a limited offer Cash ISA. The bond pays a fixed interest rate for the duration of the bond, so you know how much your savings can grow.

Please note this offer may be withdrawn at any time.

Main features

  • Tax free* growth
  • Issue 40 - fixed interest rate until 30th July 2021 of 1.80% tax free/AER*
  • Interest is calculated daily and credited to the account annually and at maturity on Issue 40
  • The minimum amount to invest is £2,000
  • Early withdrawal incurs a charge based on the number of days to maturity. Please see Making Withdrawals section
  • 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

View the Cash ISA Fixed Rate Bond product Summary box

ISA subscription limits (2017/2018)

The overall ISA limit for 2017/2018 is £20,000 with customers having the option to save all or some of their full allowance in cash, subject to the overall annual maximum amount of £20,000.

Suitable for ISA transfers

If you already have ISAs with Clydesdale Bank or any other provider, you can transfer them to one of our Cash ISAs at account opening. New subscriptions will be subject to the overall annual maximum limit of £20,000.

Issue 40 - fixed interest rate until 30th July 2021 of 1.80% tax free/AER*

Making withdrawals

The Cash ISA fixed rate bond is designed for savers who don't need to access their funds before the stated maturity date. If you withdraw your money before that date, you will have to pay an early withdrawal charge based on the number of days to maturity, and the account will be closed. Full details in terms and conditions.

Important information

Anyone aged 16 years or over is eligible to apply for a Cash ISA, must be resident or ordinarily resident in the United Kingdom and hold a National Insurance number (If you do not know it, you should be able to find your NI number on a payslip, form P45 or P60, a letter from the HM Revenue & Customs, a letter from the DWP, or pension order book). If you do not have a National Insurance number please call us to discuss.

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 free from UK income tax and capital gains tax, provided all ISA conditions are met.

* Tax free means interest payable 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.

How to apply