Summary Box - Key Product Information for our Savings Accounts
|Account Name||Simply ISA - Existing Members Prior to 22nd March 2013 Only|
|Interest Rates (AER's)||Gross PA %||Net Equivalent PA %||AER% (Gross)|
|Variable rate of interest paid annually|
|Tax Status||Tax Free|
|Conditions for bonus payment||N/A|
|Withdrawal Arrangements||Instant Access|
|Branch and Post|
|£1 - £15,000
(maximum investment 2014/2015 tax year from 1st July 2014)
|Transfers in all tax years||No|
From 1st July 2014 you will be able to invest up to £15,000 into an ISA.
You can invest either the whole amount into your cash ISA, a stocks and shares ISA or combination of both.
You are not allowed to subscribe more than the overall subscription limit in total to a cash ISA and a stocks and shares ISA in the same year.
Please be aware that while under the age of 18 years the investor may only subscribe up to £15,000 into a Cash ISA.
If you decide not to save in any tax year you can resume later on, but please note that the maximum investments apply per tax year.
You have the option to make regular or lump sum investments when it suits you. Ideally, you could start each tax year with the maximum investment - this will bring you the greatest benefit - but you can start with an initial investment of £1 and add to it when you want to.
When making cheques payable to Harpenden Building Society you should also include the name of the person(s) into whose account the money is being paid (e.g. Harpenden Building Society - Account holder's name). If you are paying cheques into your account they will take six working days to clear from the day after receipt. You will also earn interest from the day after receipt.
You can withdraw up to £500 in cash per day over the counter or a maximum of £10,000 by cheque per day.