Previous rates for the C&G Cash ISA
| Annual interest | Gross % iii | AER % i | Net % ii |
|---|---|---|---|
| £100+ | 4.50 | 4.50 | tax-free iv |
| Monthly interest | Gross % iii | AER % i | Net % ii |
| £100+ | 4.41 | 4.50 | tax-free iv |
Interest rates effective from 01/05/08
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. This tax treatment will depend on your individual circumstances and may change in the future.
We may change the rates on this account at any time. If we change the rate, we will tell you using at least one of the ways set out in your account's conditions.
Rate changes to a C&G account or to other generally available accounts can affect an account's relative competitiveness and we do not promise that our rates will be better than those available elsewhere.
Products and rates can change frequently and without notice, therefore please reload the page if viewing offline or through stored information on your computer.
| Account name: C&G Cash ISA | |
|---|---|
| Interest rates (AERs) | Interest rates vary. 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 cash 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 |
With a branch-based C&G Cash ISA you have instant access to your money at any C&G branch. The maximum cash withdrawal is £1,000 per day. With a postal C&G Cash ISA you can withdraw money by cheque through the post. You do not have to give any notice of withdrawals. The maximum amount that you can pay into the account in each tax year is £3,600. If you have paid in the full amount in a tax year and then make a withdrawal, you cannot top up the account again in that tax year. |
| Access |
C&G Cash ISA (Branch-based) – at any C&G branch C&G Cash ISA (Postal) – by post |
The following important information for the C&G Cash ISA product should be read in conjunction with the C&G savings handbook.
At any C&G branch if you choose the branch-based account
By post (cheque only) if you choose to run your account by post
For branch-based accounts
Minimum addition - no minimum
Maximum addition - £1,000 cash a day / annual ISA subscription limit for cheques
For postal accounts
Minimum addition - no minimum
Maximum addition - annual ISA subscription limit
You can make the most of your tax-free allowance by saving up to the limit of £3,600 as soon as you can each tax year, ideally on 6 April.
You can save the full amount in one go or, if you prefer, you can pay in smaller amounts whenever you like.
To ensure that you make the most of your full ISA allowance each year, if you have another C&G savings account (with the exception of a Fixed-Rate Bond) you can ask to use it as a 'feeder' for your ISA in future years. This means that once you have opened a C&G Cash ISA we will transfer the full annual allowance automatically every year from the feeder account into your ISA on 6 April (or if 6 April is a non-working day, on the first working day after this date).
For branch-based accounts
Minimum withdrawal - no minimum
Maximum withdrawal - £1,000 casha day / total cleared balance by cheque
For postal accounts
Minimum withdrawal - no minimum
Maximum withdrawal - total cleared balance
£3,600 is the most you can pay in each tax year. So if you have paid in £3,600 in total and then make a withdrawal you cannot top your account back up again.
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 you can save up to £3,600 in a cash ISA, such as the C&G Cash ISA. However, each year you can save up to £7,200 in total under the ISA scheme. The following table explains how.
| Open and run one cash ISA each tax year | Open and run one stocks and shares ISA each tax year |
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Each tax year, you will be able to save up to £3,600 of the £7,200 total annual ISA subscription limit in a cash ISA. To be invested with a single provider only. |
Provided your total ISA investment does not exceed £7,200 in one tax year, you can invest in a stocks and shares ISA in one of the following ways:
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You can open and run a cash ISA and a stocks and shares ISA in the same tax year with either the same or different ISA providers. |
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The C&G Cash ISA does not meet the requirements of a deposit-based stakeholder product.
To transfer an existing cash ISA to us from another provider, 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.
Remember, if you have not already subscribed the maximum amount in a cash ISA for the current tax year, you can make additional payments subject to ISA allowance rules.
Anyone aged 16 or more can open a C&G Cash ISA provided you are resident in the UK and are ordinarily resident here for tax purposes.
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.
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 -
Saving at a branch - click here
Saving by post - click here
The clearing cycle - click here
ID requirements - click here
Closing an account - click here
Dormant accounts - click here
The Banking Code - click here
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.
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