180 Day Notice Cash ISA

Interest is paid annually on 5 April or on closure.

Based on an initial deposit of £1,000.00, after a 12 month period the estimated balance would be £1,034.50.

These figures are provided for illustrative purposes only and assume that no further deposits or withdrawals are made and there is no change in interest rate. They do not take into account your individual circumstances.

Savers must be 18 or over to open a Cash ISA and must be resident in the UK for tax purposes. The account cannot be a joint account or held on behalf of another person.

This account can be opened by post or at any of our branches and agencies. Simply complete the application form and take it with your opening deposit*, or post them to us at the address in this brochure. Please make cheques payable to the account holder.

*Your opening deposit must be paid in within 5 business days of the account being opened, or you will need to start the application process again. If you wish to pay this by electronic transfer, use the details that we will send you when the account is open.

The minimum deposit required to open an account is £500. You can add more money to the account at any time, but note that the total you are allowed to add across ALL the ISAs you hold is £20,000 during the tax year 6 April 2025 to 5 April 2026.

You can also transfer money from an existing Cash ISA (held with us or with another provider), as long as the terms and conditions of your existing account allow this. If you are transferring in ISA savings that were deposited before 6 April 2025, you can transfer all or part of it. If you are transferring in ISA savings that were deposited from 6 April 2025 onwards, you must transfer all of that (not just part).

Any ISA transfer funds must be received within 21 calendar days of us accepting your transfer request.

To transfer an ISA, please ask us for a transfer form.

You can manage your account at any of our branches or agencies, by phone, or by post. You can also manage your account online: on our app or by using H&R Online on our website (after registering for the service).

Yes, but with this account you need to give us 180 days’ notice to avoid a penalty. If you need to withdraw money instantly, you can but you will lose 180 days’ interest on the amount withdrawn.

You can give us the required 180 days’ notice in writing, by phone, by visiting a branch or agency, or on our app or by using H&R Online on our website (after registering for the service).

You will have a ‘withdrawal window’ of 14 days after the 180-day notice period during which to make the withdrawal. If you do not withdraw the requested amount by the end of that 14-day window, you will need to give the full 180 days’ notice again.

You may withdraw up to £500 in cash at any of our branches or agencies. Requests for cheques must be submitted in writing or by visiting a branch or agency. Requests for Faster Payment transfers can be made in writing, by phone, by visiting a branch or agency, via our mobile app, or through H&R Online on our website.

All Faster Payments must be made to the nominated bank account linked to your savings account.

All withdrawals are subject to our daily limits, as outlined in our Savings Account Terms and Conditions booklet.

Withdrawals have no effect on subscription limits. Once the limit has been reached for the tax year, savers may make no further subscriptions regardless of withdrawals.

Subject to ISA terms and conditions you may close your ISA at any time without loss of tax exemptions.

Note that you cannot give notice to withdraw an amount greater than the balance of your account at the time of giving notice (taking into account any other notice period already being processed).

Interest is paid gross without tax deducted.

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

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

1. The account must be in your own name and not be held for the benefit of anyone else, including being used as security for a loan.
2. The Society will satisfy ourselves that anyone we delegate our functions and responsibilities to under the terms agreed is competent to carry them out.
3. An ISA begins from the date the subscription is made, provided there is a valid application in place. This means that applications may be accepted before the tax year in which subscriptions can be made.
4. You may decide not to proceed with the ISA contract within 14 calendar days (excluding public holidays) of the receipt by the Society of the application to open this ISA account. Any decision to close your account within this period should be notified to us in writing to our Head Office. In these circumstances we will return the full amount of your outstanding capital together with any interest earned with no additional charges incurred. You will then be free to subscribe to another ISA in the same tax year.
5. The application to open a 180 Day Notice Cash ISA account remains valid for subscriptions made in the next and consecutive years.
6. The Society will notify you if, by reason of any failure to satisfy the provisions of the ISA Regulations, your 180 Day Notice Cash ISA has, or will, become void.
7. At your request, your 180 Day Notice Cash ISA, with all rights and obligations, may be transferred in full or in part to another ISA manager subject to 180 days’ notice or immediately with a 180 days’ loss of interest on the amount transferred. You must make a Transfer Application to the new ISA manager and the Society will send the funds and accompanying information to the new ISA manager within 5 business days of receipt of both the transfer instructions and the consent notice from the new ISA manager. Business day means a day other than a Saturday, Sunday or Bank Holiday.
8. At your request, and within the number of days stipulated by you, all or part of the cash deposits held in your 180 Day Notice Cash ISA, together with any interest earned, shall be transferred or paid to you. However, the period stipulated by you in your withdrawal instructions must not be less than 5 business days in order to allow the Society a reasonable period for practical implementation of your withdrawal request. We will normally process withdrawal instructions on the day we receive them but we guarantee that they will be processed within 5 business days. The Society will endeavour to conduct all transactions promptly and all correspondence is sent by first class post. In unforeseen circumstances, such as postal delays, the Society cannot be held responsible.