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Cash ISA Fixed Rate Bond

Issue 14 - maturity date 29th January 2016

With our limited offer Cash ISA Fixed Rate Bond*, you
can earn 4.40% tax free/AER until 29th January 2016.
*subject to availability

Limited offer – apply now
Our Cash ISA Fixed Rate Bond* is a limited offer Cash ISA. The Bond pays a guaranteed interest rate so you know exactly how much your savings will grow.
*subject to availability

Main features

  • Tax free growth
  • Guaranteed interest rate until 29th January 2016 
  • The minimum amount to invest is £2,000
  • Attractive higher interest rate than existing cash ISAs
  • Keep all of your cash ISA funds in the one place
  • Interest calculated daily on the cleared balance
  • Transfer your cash ISAs to us from other providers.
  • 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 before maturity.
     

ISA Subscription limits (2011/2012)

Your Cash ISA subscription limit from the 6th April 2011 is £5,340.

Making withdrawals
The Cash ISA Fixed Rate Bond is designed for savers who don’t need to access their funds before 29th January 2016. 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.

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 14 guaranteed interest rate of 4.40% Tax-free/AER until 29th January 2016.

Rates are correct as at 16th January 2012.

For Issue 14 - Interest is calculated daily and credited to the account annually and at maturity, or (if any) when the account is closed, if earlier.

How to apply

Summary Box

Key Product Information for our Savings Account

Account Name Cash ISA - Fixed Rate Bond - (Issue 14) Maturity date 29.01.2016
Interest Rates (AERs) Refer to the Savings Account 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.
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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.

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 a Cash ISA are currently free from UK Income Tax and Capital Gains Tax, provided all ISA conditions are met.

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