Savings & Investments

Derbyshire Cash ISA

  • Minimum investment of just £10.
  • £5,340 Maximum contribution for the current tax year (11/12)
  • Interest is calculated daily and paid annually on 5 April.
  • You may make withdrawals of at least £10 without notice.
  • Tax free* interest (variable).
  • Download the account brochure for tax year 11/12 here.
  • Please read the Key Product Information for this account before you apply.
Interest Rates AER Tax-Free
£10 to £9,000 0.25%
£9,000 and over 0.35%

Definitions of 'AER Tax-Free' can be found in our glossary of terms.

Withdrawals

You may make withdrawals of at least £10 without notice, loss of interest or other charges provided the amount in the account does not fall below £10.

If you reach the maximum subscription limit in any tax year, you cannot make any further subscriptions in that tax year

If you take money out, any money you pay back in later will count against the ISA annual subscription limit in the year that you pay that money in.

*Tax-free is the contractual rate of interest payable where interest is exempt from Income Tax.

Transferring from a different provider

Please allow 15 business days for the full process to be completed. Please note, you are not required to contact your current provider to let them know you wish to transfer your ISA to us, we’ll do that for you. We will contact you if we require any additional information or have any queries. The account interest will be backdated to the date we received your ISA transfer application provided that your funds are free to move and not subject to any notice period. NB: You must not close your ISA yourself. This will jeopardise its tax-free status.  

Our Savings Promise 4 guarantees when you transfer a Cash ISA to us you will start earning interest as soon as we recieve your application2.

Moving to a different provider

You can transfer your ISA to any other ISA account manager, subject to the rules on taking money out as shown above.

Click here to take a look at our account terms brochure.

(2) Provided that your funds are free to move and not subect to any notice period.

 
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