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3 Year Fixed Rate ISA

To open a Hinckley & Rugby 3 Year Fixed Rate Cash ISA account you will need a minimum of £500. The maximum you can invest in a Cash ISA in a tax year is £20,000. Investors must be 16 or over to open a Cash ISA and must be resident in the UK for tax purposes.

If you do not put in the maximum allowed in any tax year then you will not be able to make up the balance in another tax year.

The account may not be a joint account nor may it be held on behalf of a person other than the account holder.

For eligible investors aged 18 or over the annual ISA subscription limit in this tax year is £20,000. The limit for investors aged 16 and 17 (who can only subscribe to a Cash ISA) is £20,000.

Up to £20,000 of the allowance can be saved in a Cash ISA with Hinckley & Rugby or split between a Cash ISA, a Stocks and Shares ISA (with another provider), an Innovative Finance ISA (with another provider) and a Lifetime ISA (with another provider). We do not offer Stocks and Shares ISAs, Innovative Finance ISAs or Lifetime ISAs. Alternatively, the full £20,000 can be invested in a Stocks and Shares ISA or an Innovative Finance ISA with another provider.

The Society offers a range of Cash ISA accounts but only accepts subscriptions into one Cash ISA account in any one tax year.

Interest is paid annually on 5th April or on closure.

Hinckley & Rugby does not accept the transfer of ISAs from other savings organisations.

To view the Society’s identification requirements for new customers, please click here.

With effect from 8 November 2019

Summary box
Key product information for this account. For your own benefit and protection, you should carefully read the Savings Account Terms and Conditions booklet.
Account Name
 3 Year Fixed Rate Cash ISA
What is the interest rate?
 

The interest rate is fixed at 1.76% tax-free*/AER** for three years from the date the account is opened.

At maturity of the fixed rate term, your account will automatically become a 7 Day Notice Cash ISA and the interest rate will be variable. (You will find the current rate payable on this account here).

Interest is paid annually on 5 April.

 
Min InvestmentAnnualMonthly
Gross AER Gross AER
£5001.76%1.76% - -
Can Hinckley & Rugby Building Society change the interest rate?
 

The interest rate is fixed and cannot be changed during the three year term.

What would the estimated balance be after 36 months based on a £1,000 deposit?
 

At expiry of the fixed rate term the estimated balance, based on an initial deposit of £1,000 and with interest added annually, would be £1,053.73

Assuming that no further deposits or withdrawals are made and your account reverts to a 7 Day Notice Cash ISA at maturity, after a further one year term the estimated balance would be £1,064.27.

These figures are provided for illustrative purposes only and do not take into account your individual circumstances.

How do I open and manage my account?
 

Investors must be 16 or over to open a Cash ISA and must be resident in the UK for tax purposes.

The account may not be a joint account nor may it be held on behalf of a person other than the account holder.

Complete the application form attached to this brochure, including the declarations on the reverse side, and take it to one of our branches or agencies, or post it to us at the address on the rear cover, with your investment and identification (if applicable). Please make cheques payable to ‘Hinckley & Rugby Building Society a/c ‘your name’.

The minimum deposit required to open an account is £500. No further deposits are then permitted although you may, at the time of account opening also transfer in existing Hinckley & Rugby ISA funds. You may deposit funds up to an annual ISA allowance each tax year, depending on any deposits you may have paid into a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA.

The annual ISA subscription limit in this tax year is £20,000.

You can open and manage your account at any of our branches or by post.

Can I withdraw money?
 

During the fixed rate term you may withdraw all or part of your investment (this includes an ISA transfer to another organisation), but if you do so you will lose a sum equivalent to 180 days’ gross interest on the amount withdrawn.

From maturity of the fixed rate term your account will become a 7 Day Notice Cash ISA, unless you tell us otherwise, and you will have 14 days to change your mind.

The 7 Day Notice Cash ISA offers penalty free access to your savings, subject to a 7 day notice period. You will be required to give 7 days notice in writing, by telephone or at a branch or agency. Withdrawals must then be made within 14 days of the notice period becoming effective. Should you need immediate access to your funds, a withdrawal can be made subject to 7 days’ loss of interest on the amount withdrawn.

Subject to the conditions set out above, money can be paid out against a cheque from the start of the sixth business day following the day of deposit. Business day means a day other than a Saturday, Sunday or Bank Holiday. Funds are available for immediate withdrawal for all other types of deposit. Withdrawals have no effect on subscription limits.
Subject to ISA terms and conditions you may close your ISA at any time without loss of tax exemptions.

Additional information
 

We will write to you within 14 days before your maturity to let you know that your Fixed Rate ISA is coming to an end and will automatically become a 7 Day Notice Cash ISA Account.

* Tax Free Savings – contractual rate of interest payable when the interest is exempt from income tax.

** AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once a year.

Interest is paid annually on 5th April or on closure.

 

We will write to you within 14 days before your maturity to let you know that your Fixed Rate ISA is coming to an end and will automatically become a 7 Day Notice Cash ISA Account and the interest rate will be variable. (You will find the current rate payable on this account here).

 

 

Enquire about 3 Year Fixed Rate Cash ISA

Thank you for your interest in our 3 Year Fixed Rate Cash ISA.

If you would like us to post you a brochure and application form please use the enquire button below and complete your details.

Enquire about the 3 Year Fixed Rate ISA account

Apply for a 3 Year Fixed Rate Cash ISA

Thank you for your interest in our 3 Year Fixed Rate Cash ISA.

To apply for this account, please complete the boxes with your name, email address and telephone number, then read the Society’s Savings Account Terms and Conditions and Interest Rates for Savers (see below) and tick the box to confirm you understand them. Please also view the Deposit Guarantee Scheme Information Leaflet and Summary Privacy Notice and tick the second box to confirm you have seen them.

Please then click ‘Submit’ to obtain an application form and the declaration for this account which you should print, complete and return to:

Savings Department
Hinckley & Rugby Building Society
Upper Bond Street
Hinckley
Leicestershire
LE10 1NZ

Please ensure you have enclosed the following with your completed application form and signed declaration:

1. New customers – a piece of documentation to prove your address or a deposit by cheque drawn on your own personal bank account.  Please note that your personal cheque does not need to be for the full amount you wish to invest in the 3 Year Fixed Rate Cash ISA.

2. The required identification (if applicable) – please click here for details

Savings Apply: 3 Year Fixed Rate Cash ISA

Please fill out this form and tick the boxes to confirm you agree to our Savings Account Terms and Conditions, have read and understand the Interest Rates for Savers information, have viewed the Deposit Guarantee Scheme Information Leaflet and Summary Privacy Notice and click submit.

 


Important Information about all of our products

Savings type

This product belongs to the following type of savings:
ISA Accounts