Product update - Cheshire ISA Saver

28 June 2013

From today (28 June 2013), Cheshire Building Society, which is part of the Nationwide Group, is launching a new issue of ISA Saver.

ISA Saver (Issue 4) is a cash ISA paying 1.70% AER/tax-free variable*, which includes an introductory fixed bonus of 1.20% AER/tax-free until 31 January 2015. The rate applies to balances of £1,000 or more.

The new account accepts transfers in, allowing savers to deposit both new and previous years’ cash ISA subscriptions. Savers can open ISA Saver either online or by phone, but transfers in requests must be completed online. The account is managed by post and allows unlimited withdrawals and deposits (subject to the annual cash ISA allowance).

ISA Saver (Issue 3) was withdrawn from sale at close of business on 27 June 2013.

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.

ISA Saver (Issue 4)
Availability Online or phone, managed by post.
Transfer in requests completed online (www.thecheshire.co.uk)
Withdrawals Unlimited, free withdrawals
Transfers In Yes – transfer in requests must be completed online
Min. opening balance £1,000
Min. operating balance £1
Maximum operating balance No maximum. New subscriptions subject to annual cash ISA allowance.

Interest Rates

ISA Saver (Issue 4) AER tax-free
£1,000+ 1.70% (variable)**
£1 - £999 (variable) 0.25%

** Includes 1.20% bonus fixed until 31 January 2015.

Apply online at thecheshire.co.uk 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.