Instant Access Cash ISA
The Cash ISA provides the opportunity to earn tax-free interest.
The Society is currently accepting Cash ISA transfers in. Please contact a member of our Savings Team on 01455 844422 or visit one of our branches to discuss your requirements. If you prefer to contact us via email SavingsTeam@esbs.co.uk then we can call you. Once discussed, we will provide you with an application form for you to complete and we will arrange your transfer to us.
If you did not deposit any monies in your Cash ISA with the Society during the last tax year, you can now deposit savings up to the maximum subscription of £20,000 from the 6th April 2023 to the 5th April 2024. You will be required to complete an ISA Reactivation Application Form.
The Information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.
|What is the Interest Rate?||3.75% Gross/3.75% AER (From 21 August 2023)|
AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest was paid and compounded each year.
Interest is calculated daily and is variable. Interest is compounded annually on the 5th April.
See our current interest rates for all savings accounts.
|Can esbs change the Interest Rate?||We may change interest rates at any time if we reasonably believe the change is needed. Please refer to Condition 7 – Interest in the Terms and Conditions for esbs Retail Savings Accounts for further details.|
|What would the estimated balance be after 12 months based on a £1,000 deposit?|
|The projected balance based on the current interest rate is £1,037.50.|
This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer.
|How do I open and manage my account?|
|Can I withdraw money?|