If you pay money in by cheque, you cannot withdraw against it until the cheque has cleared (currently this takes a minimum of 6 English bank working days excluding the day you pay money in and the day you make the withdrawal.Withdrawals of capital cannot be replaced.The maximum amount you can pay into a Cash ISA is the maximum cash ISA limit per tax year * as prescribed in the HM Revenue & Customs ISA Regulations irrespective of any withdrawals made.Also, see the Additional ISA Conditions for provisions relating to the death of the holder of the account (‘Account Holder’). Interest will be exempt from UK Income Tax providing the ISA terms have been fully met.Interest is calculated from the day your investment is received up to and including the day before your withdrawal or closure of the Account.Changes to the interest rate will be provided in writing, either by email or letter, allowing for at least 30 days’ notice The interest rate to be fixed by the Board.We require acceptable identification, in accordance with the government Anti Money Laundering Legislation, before a Cash ISA account can be opened.These are set out in the Application declaration. The HM Revenue & Customs apply certain rules on who is able to hold an ISA.To open a Cash ISA with Clockwise Credit Union Limited, you must be a member of the Credit Union.The maximum opening balance in each tax year is the maximum opening balance as prescribed in the HM Revenue & Customs ISA Regulations The minimum balance is £1 and this is also the minimum opening balance.For details of rates paid on the Cash ISA, please see the current interest rates on our website at or in branch at 1 St Nicholas Place, Leicester.These Terms & Conditions should be read in conjunction with HM Revenue & Customs Rules They are in addition to any other conditions implied or included by law, such as your statutory rights as a consumer, even if they do not appear in these conditions.They explain our obligations to you and your obligations to us, when you hold a Clockwise, Cash ISA account. These Terms and Conditions set out the contract between you and us.Clockwise Cash ISA Terms & Conditions – effective
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |