Abbey’s Direct ISA (Issue 3) lets you manage your account online, by post or over the phone. In return you’ll enjoy a fantastic interest rate of 3.00% AER tax free (variable) from £9,000+ for 12 months. You can open your cash ISA with as little as just £1 and transfer in any funds from cash ISAs you hold elsewhere – so start saving today by applying for an Abbey Direct ISA.
Direct ISA preferential variable rate for first 12 months from account opening.
|
Tier |
Tax-free rate p.a./AER |
|
£9k+ |
3.00% |
|
£1+ |
2.00% |
After 12 months from opening your account will automatically change to a variable tiered rate depending on the amount of money you have in your account. All rates above are variable. For further details on interest rates please visit our rates and fees page.
Find out more about the ISA terms & conditions.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The tax free rate is the rate of interest payable where interest is exempt from income tax. The favourable tax treatment of ISAs may change in the future.
* If you are aged 50 or over by the 5th April 2010, you can invest up to £10,200 tax efficiently. Up to £5,100 of this can be saved in a cash ISA, with the remaining balance in a stocks and shares ISA, or the whole £10,200 can be saved in a stocks and shares ISA.
If you are not aged 50 or over by the 5th April 2010, you can invest up to £7,200 this tax year. Up to £3,600 of this can be saved in a cash ISA.
From the 6th April 2010, the increased allowance will apply to all customers.
All our ISAs are provided by Abbey National PEP & ISA Managers Ltd.
Rates effective from 1st April 2009.
New Customers
It’s easy to transfer in other cash ISAs from other providers. Once you have opened your account online we’ll email a transfer form to you, just complete, sign and return it to us.
Existing Direct ISA Customers
Transfer in other cash ISA you have else where by completing the ISA transfer form and returning this to us. If you want to transact by post complete a transaction form return it to us and we’ll do the rest. If you haven’t paid into your account for over a year, you’ll also need to complete an ISA declaration form .
If you would like to pay in or take money out of your ISA by post please use the ISA transaction form.
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