Chelsea Postal 30 Cash ISA
Key product information for Chelsea's savings account
| Account name | Chelsea Postal 30 Cash ISA |
|---|---|
| Interest rates (AERs) | £1 - £5,999 2.60% gross pa+ /AER* |
| Tax status | Interest is paid without tax deducted subject to ISA regulations, the account terms and conditions and receipt of a valid declaration |
| Conditions for bonus payment | Not applicable |
| Withdrawal arrangements | Penalty free withdrawals with 30 days’ prior written notice, or immediate access subject to a penalty equivalent to 30 days’ loss of interest on the amount withdrawn. |
| Access | By post |
Key features
- To request an information pack please call L&C Savings on 0808 000 1000
- Under the ISA Regulations, you can add to the Chelsea Postal 30 Cash ISA as often as you like up to a maximum of £3,600 in any tax year**
- If you save up to the maximum of £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 Postal 30 Cash ISA to another provider subject to the maximum savings limits imposed by the Government
- You can transfer funds from an existing ISA with Chelsea or another provider. Just complete the ‘Cash ISA transfer instruction form’, send it to us with the application form and we’ll arrange the transfer for you (this could take up to 30 days)
- Savings limits for future tax years will be determined by the Government
- Save from £1 to £3,600 in any tax year**
- Interest paid annually on 1 March
+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.
*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. Withdrawals may affect the AER
† If you make a withdrawal without notice and interest accrued as on date of withdrawal in your account is insufficient to meet the penalty, then this will be deducted from the account balance. This means that you would not get back the original moneys deposited. Please bear this in mind when requesting or making a withdrawal without prior notice.
**Each tax year starts on 6 April in one year and ends on 5 April in the next. For example, the tax year 2009/2010 is the period 6 April 2009 to 5 April 2010.
Chelsea Building Society subscribes to the Banking Code, a copy of which is available on request.
Chelsea Building Society is authorised and regulated by the Financial Services Authority
Chelsea Building Society, Thirlestaine Hall, Thirlestaine Road, Cheltenham, Glos, GL51 7AL