Summary Box | |||||||
Account Name | Double Access Cash ISA (2nd issue) | ||||||
What is the interest rate? |
Interest is calculated daily on the balance of the account. Interest payable annually on 5 April |
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Can Mansfield Building Society change the interest rate? | This is a variable rate savings account and we have the right to vary the interest rate at any time. The interest rate may go down as well as up. If we change interest rates to your disadvantage on a variable rate account we will notify you in writing at least 14 days prior to the interest rate change. For more information on changing interest rates, please see Section 7 of our General Account Terms and Conditions. |
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What would the estimated balance be after 12 months based on a £1,000 deposit? |
This projection is provided for illustrative purposes only and does not take into account your individual circumstances. This assumes that the account is opened on 6 April with a £1,000 cash deposit and that no further deposits or withdrawals are made during the first 12 months. The projected balance is based on the annual rate (AER1). |
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How do I open and manage my account? | Exclusively available to savers aged 18 or over, providing the investor has not added to another Cash ISA in the same tax year with us, or reached the £20,000 overall subscription limit for Cash ISAs. An ISA account may not be held on behalf of a person other than the account holder. Investments are wholly owned by the ISA subscriber. Simply complete an ISA application form and send it to us or take it to your local branch. If you have a Cash ISA with another provider and want to transfer funds across to this one, we can accept Cash ISA transfers from other ISA Managers, via cheque. The cheque request process could take up to 15 days. Any delay by the transferring ISA Manager could result in a loss of interest. A minimum of £1 must be deposited in order to open the account. A maximum amount of £20,000 may be deposited in accordance with the annual ISA subscription limit in the 2025/26 tax year. You can only pay into one Cash ISA in the same tax year with us, although you may operate separate Cash ISAs with alternative providers while retaining your ISA with us, subject to the overall £20,000 ISA subscription limit in the current tax year. Once you have invested the maximum ISA limit of £20,000 in any tax year, no further deposits will be allowed, regardless of how much has been withdrawn. If you fail to subscribe to your ISA in any tax year you must complete a new ISA application form if you wish to continue investing in your ISA in subsequent years. The account can be added to subject to:
You can manage your account in branch or through the post. |
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Can I withdraw money? | 2 penalty free withdrawals allowed per tax year and can be by cash (in branch only) and/or cheque (either in branch or by post). Transfers to another account with us can be made without notice. Additional withdrawals are subject to the loss of 90 days interest on the amount withdrawn. Cash withdrawals are subject to a maximum limit of £500 per day. This is not a flexible ISA meaning any amount withdrawn cannot be replaced and will count towards your yearly ISA limit. Withdrawals do not affect the tax free status of the account. |
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Additional information | A tax free variable rate account. All income and gains from ISA investments are exempt from UK Income tax and capital gains tax. We calculate interest on an amount deposited in cash from and including the day we receive it. Interest on an amount deposited by cheque is calculated from and including the day after we receive it. We calculate interest on an amount withdrawn up to and including the day before withdrawal. Interest can be added to your account, credited to another account with the Society, or sent direct to your bank account. |
The Mansfield Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reference number 206049. Member of the Building Societies Association.
Date printed: 25/07/2025 03:01:39 am
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