1st Issue Index Linked Cash ISA

Preserve the purchasing power of your savings with inflation beating growth

Initial fixed rate interest of 6.75% pa tax-free** to
30 September 2008

followed by fixed rate interest of 2.6% pa tax-free** to
30 September 2011

PLUS variable RPI Indexation interest on maturity

7.37%^ AER* tax free**
^assuming RPI inflation, which will vary over the
investment period, remains at the July 2008 rate of 5.0%pa

Key Features

  • Tax-free** Indexation interest paid on maturity increases the value of your savings in line with inflation. Indexation start date is 1 October 2008

  • Tax-free** fixed rate interest paid annually adds to your return, guaranteeing real growth in the purchasing power of your savings

  • Limited issue - act quickly

  • Open and operate your account online.

  • Minimum investment £1,000

  • Invest up to £3,600 in current tax year

  • Transfers from other Cash ISAs accepted until 30 September 2008

  • All investments must be completed before 1 October 2008 when index linking starts

  • No withdrawals prior to maturity on 30 September 2011

  • Transfers to other ISA providers, or closure, allowed prior to maturity but no Indexation interest paid

*AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.

**Interest is paid tax-free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary.

All financial information correct at 14 August 2008.

Further Information

Apply online now
for transfers, see instructions below

For the Key features and application form download now
telephone 0845 603 4876 

Download a transfer form

Can be operated by
apply by post apply by phone apply online apply in branch

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Savings options summary


Cash ISA transfers

Our Online service can only be used for new subscriptions for the current tax year. To transfer an existing Cash ISA, please download the application and transfer forms. Please send the application form to us and the transfer form to your existing provider.

1st Issue Index Linked Cash ISA