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2.40% tax-free pa/AER Variable

Please note:

Before opening an account, please ensure that you read:

• the further terms and conditions as below; and
• the separate Investment Account Terms and Conditions.

These contain important information about our accounts.

If you are a new customer please bring some form of identification and verification of address as detailed in the Proving Your Identity leaflet. For further assistance, call your local branch or our Principal Office.

Further terms and conditions for the Skipton Cash ISA benefiting the National Society for the Prevention of Cruelty to Children (NSPCC) and CHILDREN 1ST in Scotland

1. Interest rates are variable.
2. We guarantee that the rates of interest on this product will never fall more than 1% below the Bank of England base rate (“the minimum guaranteed rate”). If the minimum guaranteed rates are in force, any new interest rates will become effective 14 days from the day after a subsequent Bank of England base rate change.
3. The NSPCC and CHILDREN 1ST do not accept any liability for any subscriptions to the Skipton Cash ISA.
4. A Skipton Cash ISA may only be held by an individual aged 16 or over who is resident or ordinarily resident in the UK for tax purposes, if not so resident, performs duties which by virtue of Section 132 (4) (a) of the Income and Corporation Taxes Act 1988 (Crown Employees serving overseas) are treated as performed in the UK, or be married to a person who performs such duties.
5. The account must not be a joint account or held on behalf of a person other than the account holder.
6. Payments in may be by cash, cheque or transfer.
7. Withdrawal transactions require no notice and must be made by cheque or transfer. On receiving instructions to close your account, all funds, together with interest earned will be transferred or paid to you within the time stipulated by you or, at the latest, within 30 days of receiving your request.
8. If you wish to transfer your Skipton Cash ISA to another ISA manager, we will transfer the account within the time stipulated by you or, at the latest, within 30 days of receiving your request.
9. All transfers to and from other Skipton accounts (where applicable) are subject to the terms and conditions of those other accounts.
10. In accordance with ISA regulations, investments in any tax year are limited to the amount permitted by HM Revenue and Customs (currently £3,600 in a cash ISA) regardless of the level of withdrawals made.
11. The account holder must not subscribe to more than one cash ISA in any one tax year.
12. The maximum overall subscription per tax year is £7,200. Up to £3,600 can be invested in a cash ISA. Up to £7,200 can be invested in a stocks and shares ISA. The account holder can decide for themselves the balance of their investments provided they keep within the £3,600 cash limit and the £7,200 overall limit.
13. A rate of interest of 0.50% of the investment (including VAT) will automatically be transferred to the NSPCC in relation to Skipton Cash ISAs applied for in England, Wales or Northern Ireland, or to CHILDREN 1ST in relation to Skipton Cash ISAs applied for in Scotland via the NSPCC Trading Company Ltd and will not be credited to the account.
14. The application form including Declaration and Authorities must be completed and signed by the applicant.
15. You will have 14 days from receipt of your ISA acknowledgement letter in which to change your mind and request cancellation of your investment in writing only. Your cancelled ISA will not count as an ISA subscription. Interest will be paid gross during the cancellation period.
16. The commencement date of the Skipton Cash ISA benefiting the NSPCC and CHILDREN 1ST will be the date of the first entry in your passbook.
17. In the event of death, gross interest up to the date of death will be paid into the account. The account will become an access account from the date of death with tax deducted at the appropriate rate. In this event we will advise of the new terms of the account and any alternatives available at the time.
18. The account will be operated in accordance with prevailing rules and regulations and legislation which may, of course, be varied from time to time, by the Government.
19. In the event of you breaching the rules, regulations or legislation for a Skipton Cash ISA, or any of the terms and conditions of this Skipton Cash ISA, the Society will immediately transfer the account to an access account backdated to when the account was opened and deduct tax at the appropriate rate. You will be advised of the rates and terms of the access account applicable at the time of transfer. The account will be debited to recover any tax payable on the gross interest that has already been credited and this may involve withdrawals from interest that has been capitalised. The Society will also transfer the account in this way if the account holder becomes bankrupt.
20. The Skipton Cash ISA benefiting the NSPCC and CHILDREN 1ST is a share account which confers membership rights and is subject to the Rules of the Society. Copies of the Rules can be obtained from any branch or from our Principal Office.
21. All monies raised will be paid to the NSPCC Trading Company Ltd. which covenants all its profits to NSPCC Reg. Charity No.216401.
22. CHILDREN 1ST is the NSPCC’s sister charity in Scotland and is supporting the Full Stop Campaign. 70% of the monies raised by account holders living in Scotland will be donated to CHILDREN 1ST, Reg. Charity No. SCO16092.
23. ISA investments will be, and must remain in, the beneficial ownership of the investor and must not be used as security for a loan.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Tax-free means the interest paid where interest is exempt from Income Tax.

Let us know what you think

Making sure our members are happy matters to us. So if you think we could improve our products or services, or if you have a complaint, please let us know. If you'd like to find out more about our internal complaints procedure, please ask for details at any branch or from our Principal Office. Complaints we cannot settle may be referred to the Financial Ombudsman Service.

Print off an application form