With the C&G Cash ISA you can start saving with a minimum of £1 or more and top up your savings to the maximum annual cash ISA subscription limit throughout the tax year.
The C&G Cash ISA pays the same interest rate however much you have in your account and you can choose to receive the interest either monthly or annually.
The C&G Cash ISA provides the benefit of giving you the ability to open an transact through two channels, in any C&G branch or through the post.
To open a C&G Cash ISA call into any C&G branch or call us on 0845 602 0022* and we'll send you an application form.
| Annual Interest with bonus | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £1+ | 2.70 | 2.70 |
| Monthly Interest with bonus | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £1+ | 2.67 | 2.70 |
| Annual interest without bonus | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £1+ | 1.00 | 1.00 |
| Monthly interest without bonus | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £1+ | 0.99 | 1.00 |
Interest rates effective from 08/03/10
| Annual Interest | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £100+ | 0.05 | 0.05 |
| Monthly Interest | ||
|---|---|---|
| Your savings amount | Tax free % iv | AER % i |
| £100+ | 0.04 | 0.05 |
Interest rates effective from 01/04/09
The following important information for the C&G Cash ISA product should be read in conjunction with the C&G savings handbook.
Additions and withdrawals can be made at any C&G branch or by post
At any C&G branch
By post(cheque only)
Minimum addition – no minimum
Maximum addition - £1,000 cash a day / annual cash ISA subscription limit for cheques
You can make the most of your tax-free allowance by saving up to the annual cash ISA subscription limit as soon as you can each tax year, ideally on 6 April.
You can save the full amount in one go or, if you prefer, you can pay in smaller amounts whenever you like.
To ensure that you make the most of your full ISA allowance each year, if you have another C&G savings account (with the exception of a Fixed-Rate Bond) you can ask to use it as a 'feeder' for your ISA in future years. This means that once you have opened a C&G Cash ISA we will transfer the full annual allowance automatically every year from the feeder account into your ISA on 6 April (or if 6 April is a non-working day, on the first working day after this date).
At any C&G branch
By post(cheque only)
Minimum withdrawal – no minimum
Maximum withdrawal – total cleared balance
The annual cash ISA subscription limit is the most you can pay in each tax year. So if you have paid in the maximum allowed in total and then make a withdrawal you cannot top your account back up again.
Accounts opened on or after 8 March 2010 will receive an annual interest rate bonus of 1.70% for the first twelve months following account opening. At the end of the twelve-month introductory bonus period rates without bonus will apply.
These are Government rules and could change at any time.
You can subscribe to only one cash ISA in any one tax year.
HM Revenue & Customs sets an annual ISA allowance, part of which can be saved in a cash ISA and the remainder in a stocks and shares ISA.
Alternatively, you can invest the whole amount in a stocks and shares ISA.
From 6 April 2010, the annual ISA allowance is £10,200 for all customers.
The following table explains your options for investing in a cash or a stocks and shares ISA.
| Open and run one cash ISA each tax year | Open and run one stocks and shares ISA each tax year |
|
From 6 April 2010, you’ll be able to save up to £5,100 of your £10,200 total annual ISA allowance in a cash ISA during the current tax year. To be invested with a single provider only. |
From 6 April 2010, provided your total ISA investment does not exceed £10,200 in this tax year, you can invest: You can open and run a cash ISA and a stocks and shares ISA in the same tax year with either the same or different ISA providers. Money held in a cash ISA can be transferred into a stocks and shares ISA, but not the other way round. |
The C&G Cash ISA does not meet the requirements of a deposit-based stakeholder product.
To transfer an existing cash ISA to us from another provider, we'll ask you to complete a Transfer Application form and a Transfer Instruction form. We'll then make the necessary arrangements and write to you when the transfer is completed. It may take up to 30 days for your existing cash ISA to be transferred.
Remember, if you have not already subscribed the maximum amount in a cash ISA for the current tax year, you can make additional payments subject to ISA allowance rules.
Anyone aged 16 or more can open a C&G Cash ISA provided you are resident in the UK and are ordinarily resident here for tax purposes.
ISAs can be held in the name of one person only - you cannot open a joint account - and you must be saving as an individual (not on behalf of a company, club, charity, trust etc). You can pay into ('subscribe to') only one cash ISA each tax year.
From the date you open your C&G Cash ISA, you have a 14-day cancellation period in which you can change your mind about the account you open. If during this time you decide to switch to a more suitable C&G savings account or ask us to return your balance and interest, you will be treated as though you have not subscribed to a cash ISA. This means that, provided the money in your account has not been transferred in from another cash ISA, you will be able to subscribe to another one during the current tax year. If you close your account after the cancellation period, however, under ISA rules you will not be able to subscribe to another cash ISA in the current tax year. Whether you’re switching or closing your account, no notice is ever required and there’s no charge.
To switch or close your account during the cancellation period or at any other time, please write to us at C&G Savings, PO Box 1888, Andover, SP10 9BF.
The C&G savings handbook - 
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For more information on:
Checking your identity - 32k
Before you open an account you and anyone else named on the account may be asked to provide information to confirm your identity.
The Banking Code
Lloyds TSB Bank plc and Cheltenham & Gloucester Plc are pleased to support and comply with this voluntary code which sets the standard of good banking practice throughout the industry.
Closing an account
Information on how to close a C&G savings account.
Dormant accounts
As time goes by, it's not uncommon for customers to forget about savings accounts which they have stopped using for one reason or another.
At C&G, we want to ensure our customers are reunited with the funds in these forgotten or lost accounts.
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| Account name: C&G Cash ISA | |
|---|---|
| Interest rates (AERs) | Interest rates vary. Please view our Key Benefits, or ask for the C&G Savings Accounts & Rates booklet for full details of the current interest rates and AERs we are paying on this account. |
| Tax status | Tax free For the interest you receive on your cash ISA to be exempt from income tax, you must operate the account within the rules laid down by the government. Please note that the favourable tax treatment may not be continued if: • you break any of the rules; • a change in your circumstances means that you no longer qualify for a cash ISA; or • the government alters the rules of the ISA scheme or withdraws it altogether. |
| Conditions for bonus payment | We pay a interest rate bonus on the first 12 months that the account is open. This applies to new accounts opened from 8 March 2010. Please view our Key Benefits or ask for the C&G Savings Accounts & Rates booklet for full details of the current interest rates and AERs we are paying on this account. |
| Withdrawal arrangements |
You can withdraw money at any C&G branch or by cheque through the post and do not have to give any notice. The annual cash ISA subscription limit is the maximum amount that you can pay into the account in each tax year. If you have paid in the full amount in a tax year and then make a withdrawal, you cannot top up the account again in that tax year. |
| Access |
At any C&G branch or by post |
i AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
iv The interest we pay is exempt from income tax provided that you have complied with the relevant legislation. This tax treatment will depend on your individual circumstances and may change in the future.
We may change the rates on this account at any time. If we change the rate, we will tell you using at least one of the ways set out in your account's conditions.
Rate changes to a C&G account or to other generally available accounts can affect an account's relative competitiveness and we do not promise that our rates will be better than those available elsewhere.
Products and rates can change frequently and without notice, therefore please reload the page if viewing offline or through stored information on your computer.
