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’re don’t want to worry 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 looking for a simple, tax‑free Cash ISA to help you save in a straightforward and secure way
Summary Box
Please note: this account is only available via Harpenden Online – it is not available to open by branch or by post.
Here’s more information about the product
Online Single Access ISA (Issue 3)
Interest rate if 1 or fewer withdrawals are made per calendar year 4.06% Tax-free PA/AER* variable.
Interest rate if 2 or more withdrawals are made per calendar year 1.35% Tax-free PA/AER* variable.
Interest is calculated on a daily basis and added to your account annually on 31st December.
When will I get the higher interest rate?
The interest rate on your account will be the lower rate. However, if 1 or fewer withdrawals are made during the calendar year, the interest rate applied to your account on the 31st December will be the higher rate instead. From the 1st January your interest rate and withdrawals will reset.
Yes, we have the right to vary the rate of interest. If we decrease the interest rate, we will notify you 14 days in advance of the change.
Please refer to Condition 7 of our General Terms and Conditions for Retail Savings Accounts (also available in our branches) which sets out the reasons for which we may change the rate and the procedure for doing so.
If no withdrawals £1,040.60
If withdrawals of £10 are made each month for the first two months £993.32
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 are made throughout the year.
You must be at least 18 years old and a UK resident and hold a valid national insurance number to open an Online Single Access ISA. You may only hold one Online Single Access ISA with us.
This account can be opened on Harpenden Online via our website www.harpendenbs.co.uk.
Minimum balance: £1
Maximum balance: £250,000
Maximum yearly deposit limit is the current HMRC tax year allowance.
No joint accounts are accepted (as per ISA rules).
Please note that you must fund the account with the minimum balance of £1 within 30 days of account opening, otherwise your application may be cancelled.
Any increases in ISA Subscription limits will be applied in each applicable tax year. If you have an existing Cash ISA with the Society, this can be transferred to this account without affecting your annual allowance.
Please follow the guidance in our ‘Identification Requirements’ document also available in branch.
You can only manage this account online (subject to the terms and conditions of Harpenden Online).
We accept full and partial ISA transfers from both previous and current tax years into this account. This account can only be managed online (Subject to the terms and conditions of Harpenden Online).
Deposits can be made by bank transfer only.
Yes, you do not have to give notice to make a withdrawal or close your account. If you make 1 or fewer withdrawals during the calendar year, the higher rate shown above will be applied to your account on the 31st December.
This is not a flexible ISA. If you take money out of your account, it does not change the subscription limit. For example, if you deposit £2,000 in this account and withdraw £1,000 you can only subscribe a further £18,000.
By taking money out of your ISA, you’re also giving up the tax-free benefits on the amount taken out. This means you might need to pay tax on any future interest you earn on that amount.
You will not be permitted to reduce the balance in your account to less than the minimum balance, unless you are closing the account.
Withdrawals can be requested using Harpenden Online which allows a maximum £50,000 via faster payment into a nominated bank account per day (above that amount via CHAPS, which will incur a fee). Payment requests must be submitted by 3.00pm. Requests received after this time will be processed the following working day.
There is no access to cash or requests for cheques with this account.
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 via Harpenden Online.
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.
You cannot open this account within Harpenden Online on behalf of another person.
This online account is only available in sole name and is not designed to be operated for someone else.
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.
Please check with your local branch or call our Member Services Team on 01582 765411 to discuss our range of suitable alternative accounts.
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
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