If you like the idea of knowing that you’ll get a guaranteed, tax-free return on your savings then the C&G Fixed-Rate ISA could be the right choice for you.
You can open an account with any amount from £100 up to your full cash ISA allowance for the tax-year 2009/2010. If you’ve been saving money in another cash ISA with any other provider in the current tax year you can transfer all of it to your new C&G Fixed-Rate ISA.
Plus, if you have saved any additional money in a cash ISA in previous years, these savings can be transferred too.
The C&G Two-Year Fixed-Rate ISA is a postally operated account: call us on 0845 602 0022* and we'll send you an application form.
| Annual Interest | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £100+ | 3.50 | 3.50 |
| Monthly Interest | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £100+ | 3.44 | 3.50 |
Interest rates effective from 02/12/09
| Not Applicable | ||
|---|---|---|
The following important information for the C&G Fixed-Rate ISA product should be read in conjunction with the C&G savings handbook.
By post (cheque only) or at any C&G branch.
If you don't use your full allowance to open your account, you can add more to it, up to your allowance, until 5 April 2010. You will not be able to add more to your account after this date.
By post (cheque only)
Minimum withdrawal – no minimum
Maximum withdrawal – total cleared balance
All withdrawals are subject to a charge equivalent to 120 days' gross interest on the amount withdrawn (which will be deducted from your account balance). If you make a withdrawal, the interest rate stated for the C&G Fixed-Rate ISA you opened will not be achieved.
These are Government rules and could change at any time.
You can subscribe to only one cash ISA in any one tax year.
Each tax year, the Government sets an annual ISA subscription limit, part of which can be saved in a cash ISA and the remainder in a stocks and shares ISA. Alternatively, you can invest the whole amount in a stocks and shares ISA.
In the current tax year, the overall annual ISA subscription limit depends on how old you will be on 6 April 2010:
• For anyone who will be under 50 years of age on 6 April 2010, it’s £7,200
• For anyone who will have reached 50 years of age before 6 April 2010, it’s £10,200.
The following table explains your options for investing in a cash or a stocks and shares ISA.
| Open and run one cash ISA each tax year | Open and run one stocks and shares ISA each tax year |
|
Depending on how old you’ll be on 6 April 2010 (see above), you’ll be able to save up to £3,600 / £5,100 of your £7,200 / £10,200 total annual To be invested with a single provider only. |
Depending on how old you’ll be on 6 April 2010 (see above), provided your total ISA investment in the current tax year does not exceed the £7,200 / £10,200 annual ISA subscription limit, you can invest: |
For the interest paid on your C&G Fixed-Rate ISA to be exempt from income tax, your account must be operated within the rules laid down by the Government, all of which are shown in the C&G Fixed-Rate ISA terms and conditions. Please note that the favourable tax treatment may not be maintained if any of the rules are broken, a change to your circumstances means that you no longer qualify for an ISA, or the Government alters the rules of the ISA scheme or withdraws it altogether.
The C&G Fixed-Rate ISA does not meet the requirements of a deposit-based stakeholder product.
To transfer an existing cash ISA into a C&G Fixed-Rate ISA, we'll ask you to complete a transfer application form and a transfer instruction form. We'll then make the necessary arrangements and write to you when the transfer is completed. It may take up to 30 days for your existing cash ISA to be transferred.
Anyone aged 16 or more can open a C&G Fixed-Rate ISA provided you are resident in the UK and are ordinarily resident here for tax purposes.
Cash ISAs can be held in the name of one person only - you cannot open a joint account - and you must be saving as an individual (not on behalf of a company, club, charity, trust etc). You can pay into ('subscribe to') only one cash ISA each tax year.
When your C&G Fixed-Rate ISA matures, your account will be converted automatically into the postal version of the variable-rate C&G Cash ISA, which offers no-notice access.
To remind you about this, we will write to you at least 30 days before the maturity date. At the same time we’ll also provide you with conditions for the new account and the applicable interest rates.
Learn more about the C&G Cash ISA
Branch Based accounts:
From the date you open your account, you have a 14-day cancellation period in which you can change your mind about the account you open. If during this time you decide to switch to a more suitable C&G savings account or ask us to return your balance and interest, you will be treated as though you have not subscribed to a mini cash ISA and so will be able to subscribe to another during the current tax year. If you close your account at any other time, however, under ISA rules you will not be able to subscribe to another mini cash ISA in the current tax year. Whether you’re switching or closing your account, no notice is ever required and there's no charge.
To switch or close your account during the cancellation period, you just need to take your passbook into any C&G branch or write to us at C&G Savings, PO Box 1888, Andover, SP10 9BF. To close your account at any other time, please visit a C&G branch.
Postal accounts:
The C&G savings handbook - 
171k
For more information on:
Checking your identity - 32k
Before you open an account you and anyone else named on the account may be asked to provide information to confirm your identity.
The Banking Code
Lloyds TSB Bank plc and Cheltenham & Gloucester Plc are pleased to support and comply with this voluntary code which sets the standard of good banking practice throughout the industry.
Closing an account
Information on how to close a C&G savings account.
Dormant accounts
As time goes by, it's not uncommon for customers to forget about savings accounts which they have stopped using for one reason or another.
At C&G, we want to ensure our customers are reunited with the funds in these forgotten or lost accounts.
Adobe PDF reader is required to view some of our guides.
| Account name: C&G Fixed-Rate ISA (Postal) | |
|---|---|
| Interest rates (AERs) | Rates are fixed for a certain term. Please view our Key Benefits, or ask for the C&G Savings Accounts & Rates booklet for full details of the current interest rates and AERs we are paying on this account. |
| Tax status | Tax free For the interest you receive on your Fixed-Rate ISA to be exempt from income tax, you must operate the account within the rules laid down by the Government. Please note that the favourable tax treatment may not be continued if: • you break any of the rules; • a change in your circumstances means that you no longer qualify for a cash ISA; or • the Government alters the rules of the ISA scheme or withdraws it altogether. |
| Conditions for bonus payment | Not applicable on this account. |
| Withdrawal arrangements |
You can withdraw money by cheque through the post, using the emergency withdrawal facility. You do not have to give any notice of withdrawals. You will pay a charge equivalent to 120 days' gross interest on the amount you withdraw. We will deduct it from your account balance. |
| Access |
You can make additions by post or at any C&G branch for as long as the Fixed-Rate ISA remains on sale to new customers. You can make withdrawals by post. |
i AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
iv The interest we pay is exempt from income tax provided that you have complied with the relevant legislation.
Products and rates can change frequently and without notice, therefore please reload the page if viewing offline or through stored information on your computer.
C&G Savings is a division of Lloyds TSB Bank plc.
Lloyds TSB Bank plc is authorised and regulated by the Financial Services Authority (FSA). Our FSA register number is 119278. You can check the FSA's register by visiting their website or by contacting them on 0845 606 1234. Lloyds TSB Bank plc is registered in England and Wales No.2065. Registered Office: 25 Gresham Street, London, EC2V 7HN.
Lloyds TSB Bank plc is a member of the Financial Services Compensation Scheme
*We may monitor and/or record telephone calls in case there's a need to check that your instructions have been carried out correctly and to help improve our service quality.
