Triodos Two Year Fixed Rate Cash ISA
Sustainable tax-free savings online
- Interest rate 0.90% tax-free (0.90% AER*) fixed for two years**
- Save up to £15,240 this tax year, completely tax-free
- Easily transfer your existing ISA to Triodos Bank
Applications are for the tax year 2016/17 and each subsequent tax year until further notice
*Rates applicable from 27 October 2016. Interest rate quoted is Annual Equivalent Rate (AER) and illustrates what the interest rate would be if interest was paid and compounded once each year. Tax-free is the contractual rate of interest payable where the interest is exempt from Income Tax. The benefit to you of the favourable tax treatment for ISAs could change in the future and depends on your individual circumstances.
**Withdrawals are not allowed. Early closure or full transfer out to another ISA is permitted subject to a charge equivalent to 180 days’ interest.
|Account name||Triodos Two Year Fixed Rate Cash ISA|
|What is the interest rate?||
|Can Triodos Bank change the interest rate?||No – the interest rate is fixed when the account is opened.|
The 2 year fixed term starts from when the initial deposit is received. Rates may change between the time the application is made and the time the account is opened.
|What would the estimated balance be after 2 years based on a £1,000 deposit?||£1,018.08 |
This estimate is based on £1,000 being deposited at account opening, no further deposits or withdrawals being made and interest being added to the account annually and at maturity. This projection is for illustrative purposes only and does not take into account your personal circumstances.
|How do I open and manage my account?||
|Can I withdraw my money?||
|Additional information||A minimum of 30 calendar days before the fixed maturity date we will contact you to inform you of your options. At maturity the Account will automatically be changed to a 33 days’ notice Triodos Cash ISA, unless you advise us to do something differently.|
*The tax advantages of ISAs depend on your individual circumstances and the taxtreatment of ISAs may change in the future.
** AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Please ensure you also read the Terms and Conditions for our personal banking accounts.
For further information on ISAs and the ISA subscription allowance see www.gov.uk/individual-savings-accounts/overview for more details.