HomePersonal SavingsCash ISAs180 Day Notice Cash ISA

180 Day Notice Cash ISA

This account is suitable for you if you have £500 or more to save that you are not likely to need in the next 180 days and would like to earn tax-free interest on that money.

This account is not suitable for you if you have already subscribed to a Cash ISA with us in this tax year, or have already subscribed your full ISA allowance. It is not suitable for you if you have less than £500 to save or if there is a chance you may need to withdraw your money without giving the required notice, as this carries a penalty

4.60% Tax Free /AER
Postcode Restricted
Yes Subject to 180 days' notice
Minimum Investment

About this account

What is the interest rate?

This account offers Tax Free* variable rates of interest, as follows:

                                   Annual Interest
Minimum Balance Tax Free* AER**
£500 4.60% 4.60%

Interest is paid annually on 5 April or on closure.

Can Hinckley & Rugby Building Society change the interest rate?

We may change interest rates at any time if we reasonably believe that the change is needed, for any of the reasons outlined in the Savings Account Terms and Conditions booklet, Condition 7.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on an initial deposit of £1,000.00, after a 12 month period the estimated balance would be £1,046.00.

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.

How do I open and manage my account?

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 nor can it be held on behalf of a person other than the account holder.

This account can be opened and managed by post or at any of our branches and agencies. Complete the application form and the declarations and consents. Take the completed documents and your deposit to one of our branches or agencies, or post them to us at the address in this document. Please make cheques payable to the account holder.

Please note, the minimum deposit must be credited to your account within 5 working days of the account being opened. If you fail to do so, you will be required to restart the application process.

The minimum deposit required to open an account is £500, you may deposit up to your annual ISA allowance of £20,000 for the tax year 6 April 2024 – 5 April 2025, depending on any deposits you may have paid into a Cash ISA elsewhere, a Stocks and Shares ISA, an innovative Finance ISA or a Lifetime ISA. You can also transfer in current and/or previous years’ ISA savings held in an existing ISA account with us or Cash ISA account with another provider using an ISA transfer, as long as the terms and conditions of your existing account allow. If you’re transferring in your current year’s savings then you must transfer all of it. We only accept ISA transfers from Cash ISA accounts.

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

Can I withdraw money?

Offers penalty free access to your savings, subject to a 180 day notice period.

You are required to give 180 days’ notice in writing, by telephone or at a branch or agency. Withdrawals must 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 180 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.

All withdrawals are subject to branch and agency limits. The cash withdrawal limit is £500 per day. 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.

Additional information

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.

Additional terms and conditions
  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.

This is a Cash ISA. You must not subscribe more than £20,000 in total to a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA in the same tax year.

You must not subscribe to more than one Hinckley & Rugby Cash ISA in the same tax year.

Where current year subscriptions are being transferred from a Cash ISA to another Cash ISA, Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA, the current year subscriptions are transferred in whole (in the case of a transfer to a Lifetime ISA, subscriptions must not exceed the payment limit). This means that you are regarded as never having subscribed to the Cash ISA. Within the overall subscription limit, therefore, you may subscribe to a Cash ISA later in the current year (with the same or a different ISA manager).

We ask for an initial deposit of at least £500. Because of this requirement the Hinckley & Rugby’s 180 Day Notice Cash ISA does not meet the minimum standards for the deposit-based stakeholder product.

Identification Requirements

We need to confirm the identity of every customer who applies for an account with the Society. We do this to protect you against the risk of identity fraud and to comply with money laundering regulations.

We use an electronic verification system when you open a savings account. If this is successful, you will not need to do anything. However, in certain cases you will be asked to provide additional proof of identity (for example if you are not listed on the electoral roll or you have recently moved house).

If you are required to provide additional identification, you must supply two items acceptable to the Society to verify your name and address. The Society will be unable to open your account until we have completed identification procedures.

If you think you will need to provide identification, please see our website for details of acceptable documentation – hrbs.co.uk/proving-your identity or contact us to discuss.

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Applying for an account

Complete the form below to request an application form which you can download and print.

Savings Application Form – ISA
e.g. Mr/Mrs/Ms
e.g. Joe
e.g. Smith
e.g. example@example.com
e.g. 07123456789
Documentation and terms confirmation

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