| ISA Premia |    |
This account is closed for new applications |
Why an Access ISA?
• Ideal first ISA saving product as you can still access your money if you need to by giving us 60 days’ notice
• Ideal for medium to long term saving
• Invest up to £5,100 in new subscriptions each tax year plus unlimited transfers of previous ISA subscriptions*
• Earn tax-free interest – great if you’re a taxpayer
To open an Access ISA, simply pop into your local branch today.
Your interest
We will pay your annual tax-free interest into your Access ISA account on 5 April each year. Every April we’ll send you a statement telling you how much interest you’ve earned, the rates that have applied to your account over the last year and the current rate of interest.
Paying money in
The minimum amount to open an account is £10. You can pay up to £5,100 in new ISA subscriptions this tax year. You can also pay in any previous ISA savings whether from an existing Nottingham Building Society ISA or an ISA with another bank or building society. If you
transfer money from a previous tax years’ ISA, it won’t affect your ISA limit for the current tax year.
To transfer funds from another ISA provider, all you need to do is complete an ISA transfer authority form. There’s no need to tell your current ISA provider that you are moving your money, we’ll do that for you and arrange the transfer.
You will start to earn interest on the amount you transfer from the day after we receive the transfer cheque from your current ISA provider. Unfortunately, we cannot tell you how long the transfer process will take. However, your current ISA provider is obliged, under HMRC (HM Revenue and Customs) guidelines, to complete the transfer within 30 days of receiving the request from us.
Taking money out
You can withdraw your money by giving us 60 days’ written notice. You can have instant access to your money in an emergency, but you’ll be charged 60 days interest on the amount you withdraw. While you can make as many withdrawals from this account as you wish, there is an important rule to remember about cash ISAs, once you have invested up to the maximum allowed for the tax year, you can’t add any more to your ISA even if you make a withdrawal. For example, if you invest your maximum allowance on 6 April 2010 and withdraw £500 on 6 December 2010, you would not be able to add any more to your account until 6 April 2011. However you can transfer your funds to a stocks and shares ISA and reinvest in a cash ISA as long as you don’t exceed the annual limit.
You must keep at least £10 in your account at all times.
Further information
• Like many ISA providers, The Nottingham has chosen not to offer this account as a stakeholder ISA
• If you change your mind about opening this account, don’t worry – just let us know within 14 days of opening it and we’ll give you your money back, free of charge
• If you would like to use your maximum ISA allowance (£10,200) by investing in a stocks and shares ISA too, we can offer this through our financial planning service
Opening your Access ISA account is easy
Just speak to one of our advisers to make sure Access ISA is the right account for you. Then you’ll need to fill in an application form and provide proof of your identity and permanent address. (Please see our “Identification” leaflet for a list of the items that you can use as proof).
You must be a UK resident aged 16 or over to open an account.
• Ideal first ISA saving product as you can still access your money if you need to by giving us 60 days’ notice
• Ideal for medium to long term saving
• Invest up to £5,100 in new subscriptions each tax year plus unlimited transfers of previous ISA subscriptions*
• Earn tax-free interest – great if you’re a taxpayer
To open an Access ISA, simply pop into your local branch today.
| Summary Box | |
| Key product information for our Savings Account | |
| Account Name | Access ISA |
| Interest rates (AER's) | Interest rates are variable. Our current rates of interest are shown in our interest rate summary leaflet. Alternatively you can log onto www.thenottingham.com or call our 24 hour rateline on 0845 795 9666 |
| Tax status | Tax-free |
| Conditions for bonus payment | No bonus payable |
| Withdrawal arrangements | You can withdraw your money by giving us 60 days' written notice. You can have instant access to your money in an emergency, but you'll be charged 60 days' interest on the amount you withdraw. |
| Access | Branch |
Your interest
We will pay your annual tax-free interest into your Access ISA account on 5 April each year. Every April we’ll send you a statement telling you how much interest you’ve earned, the rates that have applied to your account over the last year and the current rate of interest.
Paying money in
The minimum amount to open an account is £10. You can pay up to £5,100 in new ISA subscriptions this tax year. You can also pay in any previous ISA savings whether from an existing Nottingham Building Society ISA or an ISA with another bank or building society. If you
transfer money from a previous tax years’ ISA, it won’t affect your ISA limit for the current tax year.
To transfer funds from another ISA provider, all you need to do is complete an ISA transfer authority form. There’s no need to tell your current ISA provider that you are moving your money, we’ll do that for you and arrange the transfer.
You will start to earn interest on the amount you transfer from the day after we receive the transfer cheque from your current ISA provider. Unfortunately, we cannot tell you how long the transfer process will take. However, your current ISA provider is obliged, under HMRC (HM Revenue and Customs) guidelines, to complete the transfer within 30 days of receiving the request from us.
Taking money out
You can withdraw your money by giving us 60 days’ written notice. You can have instant access to your money in an emergency, but you’ll be charged 60 days interest on the amount you withdraw. While you can make as many withdrawals from this account as you wish, there is an important rule to remember about cash ISAs, once you have invested up to the maximum allowed for the tax year, you can’t add any more to your ISA even if you make a withdrawal. For example, if you invest your maximum allowance on 6 April 2010 and withdraw £500 on 6 December 2010, you would not be able to add any more to your account until 6 April 2011. However you can transfer your funds to a stocks and shares ISA and reinvest in a cash ISA as long as you don’t exceed the annual limit.
You must keep at least £10 in your account at all times.
Further information
• Like many ISA providers, The Nottingham has chosen not to offer this account as a stakeholder ISA
• If you change your mind about opening this account, don’t worry – just let us know within 14 days of opening it and we’ll give you your money back, free of charge
• If you would like to use your maximum ISA allowance (£10,200) by investing in a stocks and shares ISA too, we can offer this through our financial planning service
Opening your Access ISA account is easy
Just speak to one of our advisers to make sure Access ISA is the right account for you. Then you’ll need to fill in an application form and provide proof of your identity and permanent address. (Please see our “Identification” leaflet for a list of the items that you can use as proof).
You must be a UK resident aged 16 or over to open an account.
Want to know more about ISAs?
Click here for our Easy guide to ISAs.
* Interest will be paid free of UK income tax. The tax treatment of ISAs may change.
Current interest rates from 01 July 2009
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Nottingham Building Society is a member of the Building Societies Association and the Financial Ombudsman Service and is a participant in the Financial Services Compensation Scheme. Authorised and regulated by the Financial Services Authority.
Nottingham Building Society is an introducer to Towergate Financial (East) Limited for investments, pensions and protection. Towergate Financial (East) Limited is authorised and regulated by the Financial Services Authority