|Account Name||Interest Rate (AER/Tax-free)|
|2 Year Fixed Cash ISA||1.45%|
|5 Year Fixed Cash ISA||2.00%|
|Instant Cash ISA||1.15%|
|Help to Buy: ISA||2.35%|
|Junior Cash ISA||2.50%|
Further information and T&Cs for each of our ISAs can be found by clicking the account name in the table above.
ISA stands for Individual Savings Account. It allows your savings to grow tax-efficiently. There are four types of ISA available:
Monmouthshire Building Society only offers Cash ISAs.
You can open a Cash ISA if you are:
Accounts can only be opened in a sole name. Joint accounts are not permitted for ISAs.
The annual subscription limits to ISAs for the current tax year are:
Investors have additional flexibility in deciding the balance of their investments provided they keep within the £20,000 annual subscription limit. ISA savings can be held in cash, stocks and shares, innovative finance ISA or a lifetime ISA in any combination that the investor wishes.
For example — an investor could subscribe:
Lifetime ISA's can be held alongside Cash, Stocks and Shares or Innovative ISA's and contributions will form part of your annual ISA allowance. Lifetime ISA's are subject to certain conditions and are not available through Monmouthshire Building Society. You can put up to £4,000 in a Lifetime ISA each tax year.
We have a Help to Buy: ISA Guide available here.
More detailed information about ISAs is contained in the ISA Factsheet available from any tax office or online at www.hmrc.gov.uk