Product Update: Cheshire ISAs

29 June 2012

Cheshire Building Society, which is part of the Nationwide Group, is today (Friday 29 June) launching Issue 4 of its Direct Cash ISA.

Direct Cash ISA – Issue 4
The rate on Direct Cash ISA – Issue 4 is 3.00% AER* tax-free (variable), which includes an introductory fixed bonus of 2.00% AER* tax-free until 31 January 2014. This rate applies to balances of £1,000 or more.

Open to new ISA subscriptions only, Direct Cash ISA – Issue 4 is available to those savers who are yet to use their 2012/13 cash ISA allowance. Savers can open Direct Cash ISA either online or by phone and are able to make as many deposits and withdrawals as they like, up to the current Cash ISA limit, by post without loss of interest.

Cheshire Building Society will write to customers around a month before the bonus expires to notify them that their bonus is coming to an end.

Direct Cash ISA – Issue 4
Availability Online or phone, manage by post
Withdrawals Unlimited, free withdrawals
Deposits Unlimited, up to annual cash ISA allowance
Min. opening balance £1,000
Min. operating balance £1

As a result of this change Direct Cash ISA – Issue 3 was withdrawn on Thursday 28 June.

Notes to editors:
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

  • Applications are required for all products. Further details of terms and conditions available on request.

Interest Rates

Direct Cash ISA – Issue 4 AER tax-free
£1,000+ 3.00% (variable)**
£1 - £999 (variable) 0.25%

** Includes 2.00% bonus fixed until 31 January 2014.

Apply online at or by phone on 0808 144 3880.

The Cheshire Building Society is a Trading Division of Nationwide Building Society.

Please note: If you are a customer looking for information on our products and services, please visit the main website.