Easy access cash ISA

You should read this product information carefully in conjunction with our Savings Terms and Conditions and ID for customers to ensure you understand the features and conditions of what you are buying. Our savings accounts are only available to UK residents. We recommend you contact your local branch to make an appointment before delivering your completed application form.

Savings Features

Account name 

• Easy Access Cash ISA

What is the interest rate? 

Interest rate band
Interest rate
£50+
3.55% Tax free/AER variable
• Interest is variable and calculated daily and paid annually on 31 October or upon closure. Annual interest can be credited to this account, or another Newbury Building Society account or your bank account.
• Rate of interest payable depends on individual circumstances and may be subject to change in the future.
• If the balance falls below the minimum operating balance, a variable rate of 1.50% gross/AER will be paid.

Can Newbury Building Society change the interest rate? 

• You will be notified of any material downward rate change by letter or secure message.
• The rate can be changed in accordance with our Savings terms and conditions. These can be accessed in branch and online at www.newbury.co.uk.

What would the estimated balance be after 12 months based on a £1,000 deposit? 

Interest rate band
Estimated balance

£50+

£1,035.50

• This estimation is for illustrative purposes only and does not reflect individual circumstances.

How do I open and manage my account? 

• The maximum balance is £1,500,000.
• If the account is opened by post, the account must be approved within 14 days. If the account is not approved within 14 days, we will close the account. The account is approved when we have received the application and the identification requirements have been satisfied. Once the account is approved, the account can receive deposits up to the account limit within five business days. If no deposits have been received within five business days, we will close the account.
• Available to those aged 18 and over.
• This account can be opened in branch or via post. It cannot be opened online.
• Once opened, it can be operated in branch, via post or online.
• Account holder/s must be resident in England or Wales.
• ISA rules apply, please see below.

Can I withdraw money? 

• Withdrawals can be made:
• Up to £500 cash per day in branch.
• By cheque against cleared funds in branch or by post.
• By electronic payment in branch to your nominated account (up to £50,000).
• Via the myaccounts online service to your nominated account (up to £50,000).
• By CHAPS for electronic payments to your nominated account (over £50,000).

Additional information 

• ISA flexibility - This ISA is flexible so you will be able to withdraw and replace money from your current and/or previous years' subscription without it affecting your annual ISA allowance. Replacement money has to be paid into our ISA before close of business on 5 April (the end of the tax year) following the withdrawal or it will count towards your annual ISA allowance.
• Tax status - Tax free (interest is exempt from income tax).
• Transfers out - We accept full transfer out of current and previous years subscriptions. - We also accept partial transfers out of previous years subscriptions. - We do not accept partial transfers out of current years subscriptions.
• Transfers in - We accept full transfer in of current and previous years subscriptions. - We also accept partial transfers in of previous years subscriptions. - We do not accept partial transfers in of current years subscriptions.