Cash ISA 2
Before the 6th April 2008 this account was known as:
- TESSA only ISA III
- Mini Cash ISA II
This is in line with Government changes to ISAs.
CASH ISA 2 - Annual Interest (closed account)
| Account Balance | AER/Gross % |
| £10 & over | 2.50 |
Rates effective from 1st April 2009
CASH ISA 2 - Monthly Interest (closed account)
| Account Balance | AER % | Gross % |
| £5,000 & over | 2.48 | 2.45 |
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.
