Important Messages
Easter Bank Holiday opening hours
We'll be closed on Friday 29 March and Monday 1 April. (We are open Saturday 30 March).
AGM
Voting is now open for our AGM which takes place on 25 April 2024.
Easter Bank Holiday opening hours
We'll be closed on Friday 29 March and Monday 1 April. (We are open Saturday 30 March).
AGM
Voting is now open for our AGM which takes place on 25 April 2024.
Our Easy Access ISA is an instant access, tax-free savings account. You can pay in whenever you want while having the peace of mind that you can take money out immediately if you need to.
This account can be withdrawn at any time.
Easy Access Cash ISA (Issue 2)
The interest rate paid on the account will be paid as below:
Minimum balance | Interest | Tax-free p.a./AER* |
£1.00 | Annually | 3.50% |
Rate effective from 26 July 2023.
Interest is calculated each day on the available money in your account and is paid on 5th April every year.
The interest rate for this account is variable. This means we can change it at any time. You can find full details in our Savings Terms and Conditions.
If your account falls below the minimum balance, the interest rate we'll pay you will reduce to 0.05% Gross p.a/AER variable*.
This is based on no further money being paid in or taken out of the account and no change to the interest rate.
Balance | Tax-free p.a./AER* | Balance at 12 months |
£1,000.00 | 3.50% | £1,035.00 |
Yes, you can take money out of this account anytime, sticking to our daily withdrawal limits. This means you can also close your account anytime.
If you close your account having paid some or all of your annual ISA allowance in, you can't open another Cash ISA at Saffron or elsewhere within the same tax year.
Saffron Building Society is not a Flexible ISA provider. This means you can't replace the money you have taken out, before the end of the same tax year, without it affecting your annual ISA allowance.
You can transfer this ISA elsewhere, subject to your new provider's conditions, by contacting your new provider.
Our Savings Promises provide you with additional peace of mind, including penalty-free access to your money if your life circumstances significantly change (e.g. serious illness, redundancy, etc). For more information please click here or ask us.
Interest will be paid tax-free, provided your account meets HM Revenue & Customs (HMRC) ISA regulations. If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax to HM Revenue & Customs (HMRC). For more information visit gov.uk.
You need to tell HMRC if your child earns more than £100 in interest from money given by one parent, or more than £200 if given by two parents, this interest is liable for tax. Please contact HMRC for advice.
* Interest Rate definitions: Gross is the interest rate without the tax deducted. AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded once each year.
Where the Savings Terms & Conditions are inconsistent with the account-specific rules and criteria, these account-specific rules and criteria will apply and will take priority.
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