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For when choosing the right account gets too tough.
It's refreshing to find the opportunity to earn a potentially significant return linked to stock market growth and with capital protection Your money is protected in the same way as any other bank or building society account you may have. Should Yorkshire Building Society default there is no protection or guarantee provided by Credit Suisse or any other third party. when you invest for the full term.
Our Protected Capital Account (PCA) Fixed Growth 7 Plan is an account for Cash ISA's and direct deposits with a 6 year investment term.
You can invest as little as £3,000 and benefit from potential growth in the stock market, without the uncertainty of investing directly in stocks and shares.
We offer these Plans in association with Credit Suisse who acts as the 'Account Manager'.
PCA Fixed Growth 7 provides a return linked to the performance of the FTSE® 100 Index. The FTSE® 100 Index closing price is taken on the Issue Date of the Plan - this is the 'Initial Index Level'.
If you keep your investment in the Plan for the full 6-year term you will earn at least the minimum growth with potential for more if the FTSE® 100 Index does not fall below 60% of its Initial Index Level, and your initial capital is 100% protected.
To calculate the growth
For example, to earn the maximum growth offered by the Plan, if the Index closing price at the start of the Investment Term (The Initial Index Level) is 5,000 points the Index could not fall below 3,000 points (5,000 x 60%) at any time during the 6 year term.
You can invest from as little as £3,000 in a number of ways
*Transfer charges may apply, please check with your existing provider for full details, early closure other than transfers to another ISA would mean loss of your tax free status.
Additional subscriptions are not permitted within this Plan for any investment type.
Please note, if you are eligible and wish to use your full Cash ISA allowance for the 2012/13 tax year, then you must apply for the full allowance or you will lose any unused allowance.
You may also receive an additional bonus of 0.35% gross on your initial investment following the Plan Maturity Date provided that you hold your plan for the full 6 year investment term until maturity and Credit Suisse receive your cleared funds by 21 May 2012.
PCA Fixed Growth 7 is a limited issue product and could be withdrawn at any time. The deadline for returning your signed application is 17 June 2012.
The investment term starts on 17 July 2012 and ends on 17 July 2018.
The Protected Capital Account is distributed by Chelsea Building Society (a trading name of Yorkshire Building Society, who is the Deposit Taker of the Plan).
Credit Suisse International is the Account Manager.
Yorkshire Building Society is a participant in the Financial Services Compensation Scheme, details of which are found on page 11 of the Plan Specific Terms and Conditions for Fixed Growth 7.
Investing in the Plan does not make you a member of Yorkshire Building Society.
You must be aged 18 or over and be resident and ordinarily resident in the UK for tax purposes.
This Plan may be suitable if you are looking for:
This Plan may not be suitable if you are looking for:
You will have 14 days from the date of receipt of details of your cancellation rights to change your mind and cancel your investment. If you exercise your cancellation rights during this period, your initial investment will be returned to you in full. However you may lose your tax free ISA allowance (if applicable).
Please see clause 5 on page 2 of the General Terms & Conditions for further details relating to your cancellation rights.
Please note that the Plan is intended to be held for the full Investment Term. Early encashment of the Plan following the 14 day cancellation period will result in an Early Exit Fee** and so you may get back less than you initially invested.
Provided the Plan is held for its full Investment Term your capital is protected and you will receive your capital back at the Plan maturity date.
Your money is protected in the same way as any other bank or building society account you may have. Yorkshire Building Society is the Deposit Taker of the Plan and is therefore obliged to repay your original investment in full at maturity. Should Yorkshire Building Society default there is no protection or guarantee provided by Credit Suisse or any other third party and you could lose some or all of your investment. Yorkshire Building Society is a participant in the Financial Services Compensation Scheme, details of which are found on page 11 of the Plan Specific Terms and Conditions for Fixed Growth 7.
100 Index?The FTSE® 100 Index is the share index of the UK's top 100 companies by market capitalisation listed on the London Stock Exchange. The Index includes names such as BP, Tesco and Unilever.
Funds invested in this Plan are not invested in the UK Stock Market, and at no stage will any stocks or shares be bought with your money. The performance of the FTSE® 100 Index is simply used as a means of measuring and calculating the return you will earn.
You can follow the progress of the FTSE® 100 Index in the national press, on TV, the radio and the Internet - its that simple to keep an eye on how your investment is doing.
In addition you will receive an annual statement from Credit Suisse, to show how your product is performing.
100 will perform over the investment term?We can't answer this. One of the key aspects of this account is that you receive either the minimum rate of return if the FTSE® 100 Index falls below 60% of the Initial Index Level at any point during the 6 year Investment Term. However, if the FTSE® 100 Index does not fall below 60% of the Initial Index Level during the Investment Term you will receive the maximum growth offered by the Plan.
A conventional savings account could give you a better interest rate than the minimum offered with the Protected Capital Account. But capital invested in a longer term product like the Protected Capital Account has the potential for much higher returns. If the FTSE® 100 Index does not fall below 60% of the Initial Index Level during the Investment Term you will receive the maximum growth offered by the Plan.
If the account is held in:
If the account is terminated before the full term, you will get back your initial investment only.
If your Account is an ISA, it will lose its ISA status in accordance with the ISA regulations.
If you hold the Plan until the Plan Maturity Date you will receive:
You will be contacted prior to the Plan Maturity Date to determine what you wish to do with the proceeds of your Account (please see clause 9 on page 3 of the General Terms & Condition for further details).
If you invest in the Plan via a Cash ISA and/or Cash ISA transfer, any payments made to you under the Plan will be free from UK income tax.
If you invest in the Plan via a Direct Deposit (i.e. outside of an ISA), any payments to you under the Plan (other than the repayment of capital) will be taxable income in the year that it is paid and will be subject to income tax at your marginal rate.
Payments to you subject to income tax will be made net of tax deducted at source at the basic rate (currently 20%). If you are a higher rate taxpayer you will have a further 20% liability to HM Revenue and Customs. This further liability will increase to 30% if you are an additional rate taxpayer with an income of over £150,000. Basic rate of taxayers will have no further liability to tax.
If you pay tax at less than the basic rate and are entitled to receive payments of interest gross◊ (i.e. without deduction of tax), interest payments will be paid net of basic rate tax. You may be able to reclaim some or all of the tax deducted from HM Revenue & Customs by completing form R40.
For companies, self invested personal pension schemes (SIPPs) and charities interest may be paid gross◊ without the deduction of tax. For a description of the tax treatment of bare trust applications please see the relevant bare trust application form.
For further details please see 'Taxation of Direct Deposits', 'Taxation of Cash ISA's and 'General Risk Factors' in the General Terms & Conditions.
The PCA Fixed Growth is offered through Credit Suisse International (The "Account Manager"), with Yorkshire Building Society as the Distributor and the Deposit Taker. For added peace of mind you'll be pleased to know that Yorkshire Building Society is a participant in the Financial Services Compensation Scheme, details of which are found on page 11 of the Plan Specific Terms and Conditions for Fixed growth 7. Investing in the Plan does not make you a member of Yorkshire Building Society.
The account has been designed to be held for the full investment term. If you decide to exit early, this will result in an Early Exit Fee** and you will get back less than you initially invested.
You cannot add any further funds once you have opened your account and no partial withdrawals are allowed.
Your money is protected in the same way as any other bank or building society account you may have. Should Yorkshire Building Society default there is no protection or guarantee provided by Credit Suisse or any other third party.
Growth rates are paid at the end of the investment term. The rates quoted are gross before deduction of income tax (currently 20% for basic tax payers).
If you change your mind you will have 14 days from receiving your welcome pack to cancel the Plan without charge. You may, however, lose your tax-free ISA allowance (if applicable).
YBS receives commission from Credit Suisse for arranging the Plan. This does not affect the return you receive and is not taken from your initial investment.
The level of the FTSE® 100 Index may go down as well as up and you should consider whether an investment based on the performance of an Index is suitable for you.
The Plan does not meet ISA stakeholder standards.
You should also save or print both the Plan Specific and General Terms and Conditions for future reference.
If you are happy that this investment meets your needs you can apply instantly*** online:
| New Cash ISAs & Direct Deposits | Cash ISA Transfers |
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If you change your mind you will have 14 days from receiving your welcome pack to cancel the Plan.
You should also save or print both the Plan Specific and General Terms and Conditions for future reference.
| PCA - Fixed Growth 7 |
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Contact your local branch for an appointment with a member of staff.
1. Do not draw a cheque direct from your Cash ISA as the funds will lose their tax-free status.
2. Do not approach your existing ISA provider to request the transfer of funds, Credit Suisse will do this on your behalf (this includes transfers from Chelsea Building Society accounts).
3. You should check whether your ISA transfer is subject to transfer or early termination charges. It is your responsibility to make yourself aware of any charges.
Once you have downloaded and completed an application form, post it to:
If you change your mind you will have 14 days from receiving your welcome pack to cancel the Plan.
If you have any more questions about the Plan or need help completing the application form you can
If you have submitted an application and have any further questions please contact Credit Suisse on 0844 892 2206.
Within 8 Banking Days of receipt of your application, Credit Suisse will send you a welcome pack providing full details of your account. If applying to transfer a previous Cash ISA to the Plan, Credit Suisse will then request the transfer of your funds from your existing Cash ISA provider.
Please note: Your account will not be opened until your funds have cleared.
◊ Gross means before the deduction of income tax, the tax rate applicable depends on your current situation. Whether you can benefit from gross, net or tax free interest is dependent on your personal circumstances and tax status, so may be subject to change in the future.
** Except in the event of death where no early exit fees will apply.
‡AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.
The Protected Capital Account is distributed by Yorkshire Building Society who is also the Deposit Taker. Credit Suisse International is the Account Manager.
Yorkshire Building Society is a participant of the Financial Services Compensation Scheme, details of which are found on page 11 of the Plan Specific Terms and Conditions for Fixed Growth 7.
Chelsea Building Society and the Chelsea are trading names of Yorkshire Building Society. Principal office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ. Yorkshire Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority. It is entered in the FSA register and our FSA registration number is 106085.
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