Society’s Cash ISA 6 Rate Change

8 September 2014

From 8th September 2014, the interest rates paid on the Society’s Cash ISA 6 have increased as follows:

  • Annual interest: 1.65% AER/Tax free
  • Monthly interest: 1.61% AER (1.60% Tax free)
The Society’s Cash ISA 6 is an ideal way to make the most of your tax-free allowance, is very easy to open and allows you to earn an attractive rate of interest. The account is instant access with no notice required for withdrawals, and with no loss of interest for doing so.

With changes to ISA allowances already in effect, you can currently save up to a total of £15,000 for the 2014/2015 tax year in a Cash ISA.

To find out more and to apply to open the account online, click here.

The gross rate is the contractual rate of interest payable before the deduction of income tax at the specified rate.

'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 tax free rate is the contractual rate of interest payable where interest is exempt from income tax.

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