Cash ISA
Wesleyan Bank Cash ISA is a flexible deposit account that adds a competitive rate of interest to the advantages of tax-free saving.
- Invest up to a maximum of £3,600 every tax year
- Minimum initial deposit of £10
- Tax free interest - and no charges.
- Competitive interest rate
- Guaranteed minimum interest rate of base rate minus 1.5%
- You can make any number of withdrawals at any time without paying penalties or losing interest. (Minimum withdrawal of £10.)
- Easy access to your savings
- Free Internet Banking service
This information is based upon our understanding of current taxation legislation, which could change in the future.
You can apply for this account online. If you have any problems doing so, contact our helpdesk by email or telephone and we'll help you to fill out the form.
Before completing the application form it is important that you read the terms and conditions below
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How it works
You can invest a minimum of £10 and a maximum of £3,600*
*£3,600 in each tax year
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 money by cheque, bank giro credit, or transfer from another Wesleyan Bank 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 that you can withdraw. Withdrawals can be either by direct transfer to a bank and building society account in your name (specified by you when you open your account) or we can send you a cheque made payable to you.
Please note that making withdrawals does not increase the overall amount you can invest 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 telephone, internet and post.
To check details of your account, including your balance or to make withdrawals, use our free internet banking service, or call us free on 0800 358 1122, open Monday to Friday 8am to 6pm.
Outside these hours you can leave a message on our answering service. For your security calls may be recorded or monitored.
Wesleyan Assurance Society is authorised and regulated by the Financial Services Authority. Incorporated by Private Act of Parliament (No.ZC145). Advice is provided through Wesleyan Medical Sickness, Wesleyan for Teachers, Wesleyan for Lawyers and Wesleyan for Professionals which are divisions of Wesleyan Financial Services Ltd. ("WFS Ltd.") WFS Ltd. is a wholly owned subsidiary company of Wesleyan Assurance Society. Registered No. 1651212. WFS Ltd Head Office: Colmore Circus, Birmingham B4 6AR. Telephone: 0845 351 2352 Fax: 0121 200 2971. Telephone calls may be recorded for monitoring and training purposes.