Britannia Cash ISA

An overview of the features of the Britannia Cash ISA

AT A GLANCE
Interest Rate AER 0.50%
Initial / Step
Rate
0.50%
Initial / Step
Rate Duration
Ongoing
Interest Paid Annually
Notice Period None
Min Balance £1
Tax Free Yes
Average User Rating

Overview

Cash ISA from Britannia is a savings account with a standard interest rate for savers. The account has no notice period.

Interest Rates

This savers account pays a standard interest rate of 0.50% AER.

When saving with Cash ISA your interest is paid annually and has a rate guarantee.


A note on Annual Effective Rates (AER)

Interest rates are expressed as Annual Effective Rates to account for the compounding of interest paid on cyclic periods (days / months) during a year. As different saver accounts may pay interest at varying stages, AER is a standardised method of making effective comparisons of interest bearing financial products and investments.

Notice Period & Conditions

There is no notice period with this account. The notice period is the amount of time you are required to give to withdraw your money out of the savings account without paying a penalty or forfeiting interest.

The interest rate is guaranteed not to fall more than 1% below the Bank of England base rate, subject to an excluded period. Full details available in the terms and conditions.

Savings

The minimum balance that can be maintained in this savings account is £1. Britannia pay interest on balances from £1 upwards. Further, there is a minimum withdrawal requirement of £1.

Stakeholder Savings Accounts

Cash ISA is a stakeholder savings product. Stakeholder status was introduced by the government for financial products that meet required standards for fees, minimum investments, access and terms. For stakeholder savings accounts and stakeholder cash ISAs, customers are guaranteed that the interest rate will never be more than 1% under the Bank of England base rate. However, it should be noted:
  • The government does not guarantee, recommend or endorse stakeholder products
  • The product is not necessarily suited to your particular requirements
  • The product is not necessarily the best 'buy' in the sector
Savings products that do not have 'stakeholder' status are not necessarily bad buys. They may offer a feature set that some people will find desirable, such as a competitive interest rate, but may also feature conditions that do not meet the stakeholder criteria.


BRITANNIA: CASH ISA
SAVINGS ACCOUNT PARTICULARS
Interest Rate AER
0.50%
Initial / Step Rate
0.50% (Ongoing)
Savings Range
£1 Upwards
Tax Free
Yes
Stakeholder
Yes
1 Year
Saving
Example
Time Rate Type Rate AER Annual
Saving
Annual
Balance
Interest
Gain
1 Year Standard 0.50% £1000 £1,005.00 £5.00
Savings calculations are for illustrative purposes only. Examples only show approximate interest gain on an investment of £1000 at the given interest rate over a one year period based on the interest being paid annually (the interest payment scheme of Britannia may differ e.g. monthly, quarterly, maturity).
Interest Paid Annually
Notice Period None
Rate Guarantee Yes
Savings
Minimum Balance £1
Minimum Additional Deposit --
Minimum Withdrawal £0
Access
Opening Methods Branch / Internet / Post
Access Methods Branch / Post
Restricted Availability NO
Provider Details
BRITANNIA
Britannia House, Leek, Staffordshire Moorlands, ST13 5RG
Telephone: 0800 132 304

User Ratings

With 147 user ratings this savings account has an average score of 4 out of 5 stars.

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