Chelsea Cash ISA (2nd Issue)

Key features

• Interest is paid without tax deducted***
• Penalty free no notice access
• Tiered variable interest rates
• Immediate withdrawals of up to £500 cash or £5,000 by cheque (larger sums are available by cheque in a few days)
• Save from £10 to £3,600 in any tax year⁺

Interest is paid annually on 1 July.

Important information

• Under the ISA Regulations, you can add to the Chelsea Cash ISA (2nd Issue) as often as you like up to a maximum of £3,600 in any tax year⁺
• If you save £3,600 and then withdraw some funds, you will not be able to add to the ISA again within the tax year
• If you don't add to your ISA in a tax year, the next time you want to save you'll have to complete a new application form
• You must be 16 years or over and be resident in the UK for tax purposes to apply
• Joint ISAs aren't available
• You can transfer your Chelsea Cash ISA (2nd Issue) to another institution subject to the maximum savings limits imposed by the Government
• Chelsea does not accept transfers in from other institutions
• Savings limits for future tax years will be determined by the Government

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added to the account each year. Subject to ISA Regulations, the account terms and conditions and receipt of a valid declaration, interest will be paid gross without income tax being deducted.
⁺ Each tax year starts on 6 April in one year and ends on 5 April in the next. For example, the tax year 2008/2009 is the period 6 April 2008 to 5 April 2009.
** If there is a change in the Bank of England Base Rate after this date, the interest rates on all Chelsea savings accounts will be reviewed.
*** Subject to ISA regulations, the account terms and conditions and receipt of a valid declaration.

Chelsea Building Society subscribes to the Banking Code, a copy of which is available on request.