Deposit Calculator
What could you get?
The estimated interest is for illustrative purposes only and assumes your savings are paid in on the 1st January and no further deposits or withdrawals are made. It doesn’t consider any individual circumstances. All interest rate information should be read in conjunction with the full product information and general terms and conditions for savings accounts. For products with a tiered interest rate – the calculation displayed is based solely on the highest interest rate available shown within the product. Please refer to the individual product terms and conditions for full details regarding tiered interest rates and withdrawals.
This account is for you if:
You want to save your money and keep all the interest or returns tax‑free, without worrying about paying tax on what you earn
You want to make the most of your £20,000 annual ISA allowance and understand the importance of using it before the tax year ends
You’re planning ahead and want a simple, tax‑efficient way to build savings year after year, knowing you receive a new ISA allowance every tax year
You live at a residential address with an AL, HP, LU or WD postcode
Summary Box
This product is only available to those living at a residential address with an AL, HP, LU or WD postcode. This account can only be opened in branch or by post. The account can be viewed and managed but not opened through Harpenden Online.
Here’s more information about the product
Hart 1 Year Fixed Rate ISA (Issue 1)
4.12% Tax-free PA/AER* fixed.
Interest is calculated daily and paid once a year on the anniversary of the date your first deposit is made into the account.
The interest rate for this account is fixed, which means it won’t change during the 1 year account term.
The estimated balance after 12 months based on an initial deposit of £1,000 would be £1,041.20.
This projection is provided as an example only and doesn’t take into account your individual circumstances. We have worked this out assuming a £1,000 deposit is made on account opening and no further deposits or withdrawals are made throughout the year.
This account is available to new and existing customers. You must be at least 18 years old, a UK resident, hold a valid National Insurance number and live at a residential address with an AL, HP, LU or WD postcode upon application to open a Hart 1 Year Fixed Rate ISA (Issue 1) account. You may only hold one account of this type with Harpenden Building Society.
No joint accounts are accepted (as per ISA rules).
This account can only be opened in branch or by post. The account can be viewed and managed but not opened through Harpenden Online.
Minimum balance: £1,000
Maximum balance: £250,000
Maximum yearly deposit limit: Current HMRC tax year allowance.
If you have an existing cash ISA with the Society, this can be transferred without affecting your annual ISA allowance.
We accept full and partial ISA transfers from both previous and current tax years into this account. Once your annual ISA allowance has been reached no further deposits will be allowed, regardless of how much is withdrawn. Any increases in ISA subscription limits will be applied in each applicable tax year.
Please note that you must fund the account with the minimum balance of £1,000 within 30 days of account opening, otherwise your application may be cancelled.
Please follow the guidance in our ‘Identification Requirements’ document also available in branch.
You can manage this account in our branches, by post or online (subject to the terms and conditions of Harpenden Online).
By Branch or Post: Deposits can be made by cash (up to £3,000 per day) and cheque or by bank transfer.
By Online: Deposits can be made by bank transfer only.
No further deposits after initial payment, except for an ISA transfer in.
Instructions for ISA transfer must be received within 30 days of account application. If you currently have an existing Harpenden Building Society account it may be possible to transfer your funds, subject to your existing product terms and conditions and the product terms and conditions of this account. Please check with us to see whether this is possible.
Withdrawals are not permitted during the product term. Closure requests before product maturity are subject to a 90 day loss of interest.
On maturity, if a new ISA bond is available, we’ll offer you the new ISA bond when this one matures. We’ll send you in advance the details of the new ISA bond, including its interest rate, and the terms and conditions. The details will also include the term which will always be either the same or shorter than your existing ISA bond. The interest payment frequency will be the same as your existing ISA bond.
If no ISA bond is available, we’ll offer you an Instant Access ISA savings account. This type of account lets you access your money whenever you wish. We’ll send you in advance the details of the account, including the interest rate and terms and conditions.
If you want to accept the offer we make to you, you don’t need to do anything. We will open the new ISA bond, and transfer the money, plus interest into it on the first working day after your existing ISA bond matures.
If you don’t want to accept our offer, please let us know before your ISA bond matures and we’ll send the money to you on maturity. You can let us know by signing and returning the instruction form we send to you with your maturity letter, by contacting us by secure message through Harpenden Online or by calling us directly.
This account is tax free.
Any tax treatment and/or reliefs referred to are those applying under current legislation, which may change, and their availability will depend on your individual circumstances. The favourable tax treatment of Cash ISAs may not be maintained.
The Society reserves the right to withdraw this product without notice at any time.
* The “Tax-free PA” is the annual rate of interest. Cash ISAs are not subject to the deduction of tax on savings income under current legislation. The annual equivalent rate (AER) is a notional rate which illustrates what the gross interest rate would be if the interest was paid and added to the account annually.
The information contained in this table forms part of the terms and conditions of the account and should be read in conjunction with our Cash ISA Terms and Conditions.
Frequently Asked Questions
Here’s some helpful advice and guidance
A cash ISA allows you to avoid paying tax on a nominal amount of your savings. The amount you can save or invest in an ISA is referred to as the annual allowance. The allowance can change annually and is set by the Government.
You choose how you use your ISA allowance. You can split the amount you save into any combination of ISAs, Cash ISA, Stocks and Shares ISA, Innovative Finance ISA and Lifetime ISA, so long as the amount invested does not exceed the overall annual ISA allowance. Alternatively, you can save the full ISA allowance in a cash ISA.
Your annual allowance is for the whole tax year (6 April one year until 5 April in the following year), but you cannot invest more than the annual allowance in each tax year.
You can open an account for yourself within one of our branches or by post: Please complete the application form, making sure you indicate which savings account you wish to open.
Sign and return the completed form, along with the required identification (as detailed in our Identification Requirements document), to one of our branches or directly to our Member Services Team at Harpenden Building Society, FREEPOST, SB165, Harpenden, AL5 4BR
Please check within Harpenden Online, or your local branch or call our Member Services Team on 01582 765411 to see if an ISA account can be made available to you.
Accounts are subject to availability.
It is important that you read the FSCS information sheet. It provides you with information about the protection of your savings deposits. Eligible deposits with the Society are protected by the Financial Services Compensation Scheme (FSCS).
These savings products are covered by the FSCS.
Should you wish to open or operate an account on behalf of another person due to holding a Power of Attorney or Court of Protection Order you will need to obtain a copy of our form ‘Operating an Account for Someone Else’. This is available in branch or can be downloaded from our ‘useful forms and documents’ page.
This document should be returned with your completed application form by post to any of our branches or Head Office.
If you have reason to complain about the service that you receive you should contact the Branch Manager at your local branch or our Savings Operations Manager at Head Office either by telephone or in writing.
You can email us via: memberservices@harpendenbs.co.uk
Full details of the complaints procedure can be found in the General Terms and Conditions for Retail Savings Accounts.
If you open a new account and then change your mind, then as long as you tell us at any of our branches or our Head Office within 14 days after the contract is entered into (or, if later, 14 days from the day you first receive, on paper or electronically, the terms and conditions and other information relating to it) you can
• have your money back; or
• switch to another available account
In this case, you will not have to
• give any period of notice;
• lose any interest on the account you are closing; or
• pay any other charges
Once your account is open you can keep up to date with your savings balances and manage your savings accounts securely online by registering for ‘Harpenden Online’.
• Manage your accounts 24 hours a day 7 days a week
• Check the balance of your account(s) and view your transaction history
• Talk with us over the internet through our secure message system
• Request to transfer money directly by electronic payment to a nominated bank account (Maximum £50,000 per day)
• Request to transfer money between your Harpenden Building Society accounts
- Data Protection regulations require Harpenden Building Society (the Society) to inform customers about how their personal data will be processed
- Personal data includes customer’s name, addresses, financial information and other personal information needed for opening an account
- The Society will restrict its processing of your personal data to the minimum required to open and manage your account, update you on your account status and inform you of any new savings products
- Your personal information will be processed to comply with the Society’s legal and regulatory obligations, to ensure that we continue to operate in a way to safeguard your investment
- The Society will not send you marketing material on any other services and will not share your personal details with any other organisation for marketing purposes, without your consent
- Your personal details will be stored securely by the Society and its specialist suppliers, in countries that have equivalent data protection rules, and will only be used to communicate with you whilst you have an account with the Society
- Further information on how the Society handles your personal data is available under the ‘Privacy’ menu option on the website
- You are entitled to request the Society to restrict its use of your personal data. If you have any questions about how we manage your personal data, or wish to complain about this, please contact the Data Protection Officer in the first instance at: privacy@harpendenbs.co.uk
- If you are not satisfied with the handling of your complaint by the Society, you can also make a complaint to the Information Commissioner’s Office on: ico.org.uk
You can view our Privacy Policy in full here: Privacy Policy – Harpenden Building Society
For our members
How can we help you today?
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