Products & Services for Hospital Doctors:

Internet Only Cash ISA for Hospital Doctors

Key benefits:

Competitive tax free interest rates up to 4.0% AER
Choice of fixed interest rate for 1, 2, 3, 4 or 5 years
Ability to transfer in ISAs from other tax years
Access your account online
Apply online

Call us on:

0800 358 11 22 Monday to Friday 8.00am - 6.00pm Or click here and we will call you

Apply online now

Before you apply online please read the information below, including the Terms and Conditions and the Summary Box

Click here to apply online

Current interest rates

Important Information

Before applying online it is important that you read the Internet Only Cash ISA Specific Terms and Conditions, the Wesleyan Bank General Terms and Conditions, and the Summary Box Key Product information at the foot of this page.

Decide how long you want to invest your money and enjoy competitive interest rates.

Internet Only Cash ISA is a fixed term deposit account. It combines competitive rates of tax free interest.

Internet Only Cash ISA interest rates
Term	Gross*/AER
1 year	2.75%
2 years	3.00%
3 years	3.50%
4 years	3.75%
5 years	4.00%

The rates and terms offered are only available for a limited period and may be withdrawn at any time.

* 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

You can save up to £5,640 in a cash ISA with one provider and the remainder of the £11,280 allowance into a stocks and shares ISA with the same or another provider each tax year. Alternatively, you can invest up to £11,280 in a stocks and shares ISA.

Facts at a glance

Available online only with our free Internet Banking Service.
You get a choice of a fixed interest rate for 1, 2, 3, 4 or 5 years.
You need a minimum of £5,640 to open an Internet Only Cash ISA.
Under ISA regulations interest is tax-free; we pay you interest annually at the end of the tax year.
You can withdraw money before the fixed term finishes but if you do, there's an interest penalty charge. Remember that if you take money out in the same tax year it was paid in you can't put it back in again. For further information, read the full terms and conditions.
At the end of the term of your Internet Only Cash ISA, your interest goes back to being variable, but your interest stays tax-free within an ISA.
As ISA allowances are personal, you must open an account on your own. You also need to be over 16 and live in the UK to open an Internet Only Cash ISA.
If you invest in a Wesleyan Bank Cash ISA you cannot invest in another Cash ISA with another provider in the same tax year.
You can transfer in ISAs from other tax years at the same time to benefit from a fixed interest rate too. Once you've made your initial investment, you can't top it up. It is not possible to transfer a stocks and shares ISA into a Cash ISA. Exit fees may be applied by your existing Cash ISA provider.

Tax treatment depends on individual circumstances and may be subject to change in the future. This information is how we understand tax rules now.

Consider it if...

You want a guaranteed fixed interest rate
You want to invest your saving for 1, 2, 3, 4 or 5 years
You don't need access to your money for at least a year
You want to save your annual ISA allowance, with or without the proceeds of your ISAs from previous tax years

Don't consider it if...

You might need your money before the end of the fixed term
You've already used your tax-free (ISA) allowance for this tax year

Summary Box Key Product Information
Account name	Wesleyan Bank Internet Only Fixed Rate Cash Individual Savings Account (ISA)
Interest rates	The interest rate is fixed at the time we receive your application and payment will not change during the term. Current Interest Rates information
Tax status	Interest is paid tax free
Conditions for bonus payment	Not applicable
Withdrawal arrangements	No notice period Charges for full or partial withdrawal before maturity, the amount of the charge depends on the term of your account. Term of 2 years or less charge is equivalent to 90 days’ gross interest on the amount withdrawn. Term over 2 years charge is equivalent to 180 days’ gross interest on the amount withdrawn. If the account has not been open for 90 or 180 days (as applicable), the charge will be applied for the number of days it has been open. There is no charge during the initial 14-day cooling-off period after the account is opened. No charge will be applied if closure is required by your personal representative in the event of your death.
Access	Internet