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WESLEYAN - Financial care since 1841

Cash ISA

Key benefits:

  1. Competitive tax free interest rate
  2. Open an account with just £10
  3. Maximum investment: £5,940 this tax year
  4. Make withdrawals with no penalties or loss of interest
  5. Online access
  6. Apply online

The easy-to-manage deposit account with competitive tax free interest rates

The Wesleyan Bank Cash ISA is a flexible way to save that helps you make the most of your tax-free allowance, with easy access to your funds when you need them.

You can apply for a Wesleyan Bank Cash ISA account online, now. If you have any problems doing so, contact our helpdesk by email or phone and we'll help you fill in the form.

Before completing the application form it is important that you read the terms and conditions below.

Apply online

Cash ISA Specific Terms and Conditions (pdf)

Wesleyan Bank General Terms and Conditions (pdf)

The facts at a glance

How it works

You can save up to £5,940 in a cash ISA with one provider and the remainder of the £11,880 allowance into a stocks and shares ISA with the same or another provider each tax year. Alternatively, you can invest up to £11,880 in a stocks and shares ISA.

Paying in

You can add to your Wesleyan Bank Cash ISA at any time, so long as you stay within the annual limits. You can pay in by cheque, bank giro credit, or transfer funds from another Wesleyan Bank account or Wesleyan product in your name. You can also set up a direct debit to pay into your ISA regularly.

Withdrawals

You don't have to give notice to make withdrawals and there is no limit to the amount you can withdraw. Withdrawals can be either by direct transfer to a bank or building society account in your name (specified by you when you open your account) or we can send you a cheque.

Please note that making withdrawals does not increase the overall amount you can pay into your ISA. Once you have reached your limit for the tax year, you cannot pay more into the account, even if withdrawals have reduced your balance below your annual limit.

Access

You can operate your Wesleyan Bank Cash ISA by phone, internet and post.

Tax treatment depends on your personal circumstances and may be subject to change in the future.

Transfer your existing ISA's

Transfers in from existing cash ISAs with another provider are accepted into this product. When you apply please ask us for an ISA transfer form.

Summary Box Key Product Information
 Account name Wesleyan Bank Cash Individual Savings Account (ISA)
 Interest rates (standard rate
 followed by bonus rate^)
 Current Interest Rates information
 Tax status  Interest is paid tax free
 Conditions for bonus payment  Not applicable
 Withdrawal arrangements  No notice period
 No charges for withdrawals
 Access  Internet, telephone and post

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest rate was paid and compounded each year As every advert for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

** Without UK tax deducted