ISA ACCOUNTS
Save with a competitive rate into a range of Cash ISAs!
Now is the time to beat the tax year timer! Make the most of your cash ISA allowance before the 5 April deadline. Whether you’re opening a new ISA or topping up an existing one, we can help you save tax-free and stay ahead of upcoming ISA rule changes. For more guidance on how to maximise your allowance, visit our ISA blog page here.
What to consider before opening an ISA account:
ISA Accounts are suitable for those who can use their personal savings, want a competitive rate of interest and save tax free.
- ISA Accounts come in many variations so be sure to check that you’re opening the correct ISA for your saving needs.
- ISAs can be fixed term, notice or easy access.
For more help, you can get in touch on 01858 412412 or you may prefer to send details of your query to customersfirst@mhbs.co.uk.
Easy Access ISA – Issue 6
1.60% Gross*/AER** variable
Minimum balance £100
Maximum tax-free investment each tax year £20,000
Annual interest
Easy access
Junior ISA
2.40% Gross*/AER** variable
Age 17 years or under
Minimum balance £1
Maximum tax-free investment each tax year £9,000
Annual interest
100 Day Notice ISA
2.70% Gross*/AER** variable
Minimum balance £5,000
Maximum tax-free investment each tax year £20,000
Annual interest
Access with 100 days’ notice or a penalty
Fixed Rate Cash ISA – NOW LIVE!
3.20% Gross*/AER** fixed
Minimum balance £5,000
Maximum tax-free investment each tax year £20,000
Annual interest
Access only on account closure with 180 days’ loss of interest
*Interest is paid without tax deducted. Some savers will be required to pay tax on savings interest; this should be arranged directly with HMRC through your tax return.
**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
