Summary Box - Key Product Information for our Savings Accounts
|Account Name||Simply ISA - Existing Members Prior to 22nd March 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 - £5,760 (maximum investment 2013/2014 tax year)|
|Transfers in all tax years||Yes|
For the tax year 2013/2014 every adult has
an annual ISA investment allowance of £11,520. Up
to £5,760 of that allowance can be saved in cash
with one provider. The remainder of the £11,520 can
be invested in stocks and shares with either the
same or another provider. Therefore, those wanting
to invest more than £6,000 and also save cash in an
ISA will no longer be tied to one provider. For
example: An investor saves £1,200 in a cash ISA at
the beginning of the tax year. In the same tax year
they could invest another £4,560 in the same cash
ISA or up to £10,320 in a stocks & shares ISA with
either the same or a different provider.
Please be aware that while under the age of 18 years the investor may only subscribe up to £5,760 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.