This cash individual savings account offers flexibility of savings within limits you can afford. All of the interest that you earn will be tax free.

Every adult has an annual ISA investment allowance of £7,200. Up to £3,600 of that allowance can be saved in cash with one provider. The remainder of the £7,200 can be invested in stock and shares with either the same or another provider. Therefore, those wanting to invest more than £4,000 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 up to another £2,400 in the same cash ISA or up to £6,000 in a stocks and shares ISA with either the same or different provider.

Please be aware that while under the age of 18 years the investor may only subscribe up £3,600 in a Cash ISA.

The minimum amount required to open a simply ISA account is £1.

A tax year starts on the 6th April in one calendar year and finishes on the 5th April in the following calendar year.

The amount that you are allowed to invest in each tax year applies to the total of the deposits made, not the balance of the account.

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 can start each tax year with the maximum investment of £3,600 - this will bring you the greatest benefit - but you can start with an initial investment of £1 and add to it when you wish. Once you have opened your account you are also welcome to save by regular monthly instalments - whichever way you choose, you will be saving the tax efficient way. Simply ISA does not satisfy the minimum standards for the deposit-based ISA Stakeholder products. The Society is not a provider of Maxi ISA accounts.

You can withdraw all, or part, of your savings without giving notice or paying a penalty and without any deduction of tax.

Cheques should be made payable to the account holder or "Harpenden Building Society re account holder's name or account number".

A passbook will give you a record of the payments made into the account as well as the interest earned. Remember to bring, or post, the passbook every time a transaction is carried out.

Our Freepost address is: FREEPOST, Harpenden Building Society, 14-16 Station Road, Harpenden, Herts. AL5 4BR

Please ensure that you provide sufficient identification to enable your account to be opened.