Instant Access ISA - Savings - Cambridge Building Society

Savings

SHORT TERM SAVINGS

MEDIUM TERM SAVINGS

SAVINGS FOR CHILDREN

Instant Access ISA

A Cash Individual Savings Account paying tax-free interest.

Click here to see the current interest rates

ISA - YOUR OPTIONS FOR TAX-EFFICIENT SAVINGS

Key Features

An instant access savings account paying tax-free interest
Open your account with £1 or more and invest up to £3,600 each tax year (this annual limit is set by the Government)
Take out cleared funds from your account at any of our branches, at any time, and without interest penalty
You can draw your account down to just £1
Interest is tax-free and is paid with no tax deducted
The interest rate is variable and may change from time to time
Interest is calculated daily and paid annually on 31st December
We provide you with a passbook to help you keep track of your savings and interest
Meets the Government's Stakeholder standards (see table below for more information)

	Stakeholder Standards	Our Instant Access ISA promise
Deposits	Minimum deposit No more than £10. Method of deposit Cash, cheques, direct debits, standing orders and other forms of direct credit.	Minimum deposit £1. Method of deposit Cash, cheques, direct debits, standing orders, transfers and other forms of direct credit.
Interest	Interest payment Accrues daily and rate paid not less than 1% below the Bank of England base rate. Rate changes Interest rate increases must be made within one month of Bank of England rate increases.	Interest payment Accrues daily and the rate paid is guaranteed to be no less than 1% below the Bank of England base rate. Rate changes We will raise interest rates within one month of Bank of England rate increases.
Withdrawals	Notice period No more than seven days notice needed for withdrawals or transfer. Number of withdrawals No restriction of the number of withdrawals.	Notice period No notice required for withdrawal of cleared funds. Transfers take no more than seven days. Number of withdrawals No restriction of the number of withdrawals.

Information for savers

CURRENT INTEREST RATES%

Because we are a local building society, we restrict new savings accounts to people who live in our branch network area. By entering your postcode here we can confirm if we are able to provide an account for you.