Cash ISA 1

Before the 6th April 2008 this account was known as:

• TESSA Only ISA I (1st Edition)*
• TESSA Only ISA II (2nd Edition)
• Mini Cash ISA I (1st Edition)

This is in line with Government changes to ISAs.

*From 1st March 2008, the bonus for TESSA Only ISA I (1st Edition) account was incorporated into a higher contractual rate.

Cash ISA 1 (closed account)

Rates effective from 1st April 2009

Important Information

• Interest rates are variable and calculated on a daily basis. Bonus rates are fixed (unless otherwise stated), calculated on a daily basis and paid annually in accordance with the account terms and conditions.
• 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.  As every advert for a savings product will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.
• The gross rate is the contractual rate of interest payable before the deduction of income tax at the specified rate.
• 'Net' means the rate of interest payable after income tax is deducted at the appropriate rate, currently 20%.
• Full terms and conditions are available on request.