At The Nottingham, we know you want to get the most from your savings. So this year we’re bringing you the opportunity to double your savings power when you invest in a tax-free† ISA.

Premia Extra is a special account which is linked to our ISA Premia account. Premia Extra is only available to customers who subscribe to an ISA Premia with The Nottingham in the 2009/10 tax year.

You’ll pay tax on the interest on your Premia Extra account (if you’re a tax-payer), but the after tax rate is guaranteed to at least match your tax-free ISA Premia rate - it could even be higher! So, you can save the same amount in your ISA Premia and your Premia Extra account, and earn a great rate on your money.

This is a great opportunity to make your money work harder – you could even use your Premia Extra account to save for next year’s ISA allowance.

Summary Box
Key product information for our Savings Account
Account Name	Premia Extra
Interest rates (AER's)	See below. Interest rates are variable. For up to date interest rates you can log onto our website or call our 24 hour rateline on 0845 795 9666
Tax status	Interest will be paid net of tax unless you have registered to receive it gross.
Conditions for bonus payment	No bonus payable
Withdrawal arrangements	Instant access
Access	Branch

When you open a Premia Extra account with your ISA Premia you can double your ISA savings power. This is because your Premia Extra account:

• Has the same limit on the amount you can invest as your ISA Premia, so you’re effectively doubling your ISA allowance
• Let’s you match every £1 you pay into your ISA Premia, with £1 in your Premia Extra account, and you don’t have to pay this in at the same time
• Has after-tax interest rates that are at least equal to the interest rate on your ISA Premia – so you earn a great rate on more of your money.

Your Premia Extra account also:

• Gives you instant access to your money whenever you need it
• Let’s you make unlimited withdrawals and deposits as long as you don’t go below the £10 minimum, exceed the maximum or pay in more than you have paid into your ISA Premia in the 2009/10 tax year.

How much interest will I earn?

Your ISA Premia interest will be tax-free however, you will pay tax on the interest on your Premia Extra account (if you are a tax-payer).

We’ll pay your interest straight into your Premia Extra account on 5 April 2010, and we’ll send you a statement in April 2010 telling you how much interest you’ve earned. We’ll also tell you the rates that have applied to your account over the last year and the current rate of interest. You can get up-to-the-minute rate information 24 hours a day by calling our rateline on 0845 795 9666 or visiting our website.

Other important information about your Premia Extra account

• If your ISA Premia is transferred or closed, you must do the same with your Premia Extra account.
• On 6 April 2010 the Premia Extra account will be automatically transferred to a Branch Moneybuilder account or the nearest equivalent if this account isn’t available. It can also be transferred to an ISA but you’ll need to let us know if you’d like this to happen.
• Premia Extra is available to new and existing customers, and you must be aged 16 or over.
• Only one Premia Extra account is allowed per customer.

 

* AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year.

** From 6 October 2009, the ISA subscription limit will increase to £10,200 for anyone eligible to invest in an ISA who was born on or before 5 April 1960 (i.e. who will be aged 50 or over during the current tax year). Up to £5,100 of the new ISA allowance can be saved in a cash ISA with one provider. The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively, the full £10,200 can be invested in a stocks and shares ISA with one provider. These higher limits will apply to all eligible ISA investors with effect from 6 April 2010.

+ Interest is paid free of UK Income and Capital Gains tax. The tax treatment of ISAs may change.

Interest rates are variable.