Cash ISA Regular Saver (ISAC2)

Cash ISA Regular Saver.

Interest is variable, calculated on a daily basis and is paid annually on 5 April.

As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 8 of the Savings Terms and Conditions.

Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,031.00. This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period.

To open an account you must be permanently resident in the UK. Simply call into your local branch and complete an application form.

You will need to provide some identification when you open your account, details of our requirements can be obtained from the “before you apply section” on this page, your local branch or by calling us. If you are already a Hanley Member, in most cases, this will not be necessary.

When you open your account you will receive a passbook.

You can open the account with a minimum investment of £20 - maximum investment 1/12 of the annual current ISA allowance. For the current ISA allowance please contact us on 01782 255000 or visit HMRC.

A subscription of between £20 and 1/12 of the current annual ISA allowance should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by one, or a combination of, the following ways:

• Branch visit
• Post
• Internal transfer from an existing Hanley account
• Bank transfer
• Standing order

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the tax year (6 April – 5 April) the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and transfer it to an Instant Access Cash ISA Account. By 15 March, if you have not fully subscribed to your Regular Saver Cash ISA, an additional subscription may be made up to the current ISA limit. We do not accept transfers into the Regular Saver Cash ISA from a Cash ISA operated by another ISA Manager.

The maximum investment limit, £100,000.

Once the account has been opened, it can be managed either in branch and/or via the post.

You can withdraw once tax year (6 April – 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn.

You can withdraw up to £500 in cash and £70,000 by cheque on demand from our branches or by sending us your written instructions. Larger cash sums up to £5,000 are available by giving at least 24 hours notice. Cheque withdrawals over £70,000 can be obtained from our registered Office.

Following any withdrawals £20 should remain in the account. To withdraw money in a branch you must provide your passbook. If making a withdrawal through the post you must send your passbook along with signed written instructions.

Yes, from 6 April 2017 all of our variable Cash ISA’s are flexible This means you can take money out and replace it later, without it counting any further towards your annual ISA allowance – as long as you pay the money back in before the end of the same tax year.

Minimum age 16 years.

UK residents only.

Yes if

You want to save a minimum of £20 each calendar month.

You are happy that the interest rate may change at any time.

You want to open and manage your account in branch or via the post.

No if

You want to make more than one withdrawal each tax year and not pay a penalty to access your funds.

You want a fixed rate of interest for a fixed term.

You have already used your ISA allowance for the tax year.

You want to open and manage your account online.