60 Day Cash ISA

Summary Box

Minimum Balance in the account % Tax free(2) %AER(1)
£1 0.50 0.50

Interest is calculated on a daily basis and paid into this account on 5th April each year. The annual interest will be paid directly into this account with the Society.

Please refer to section 7 of the Savings Account General Terms and Conditions for details of how your interest is calculated.

Details of our full range of products and current interest rates are available on request at our branches, by telephone 01257 235003 or from our website www.chorleybs.co.uk

This account has a variable rate of interest and is subject to change; this means we may increase or decrease interest rates at any time; if we reduce the interest rate and you have at least £100 in your account, we will give you 14 days notification prior to the change and you will have a period of 30 days from the date of the notification to switch or close your account. Please refer to section 7 of the Savings Accounts General Terms and Conditions for further information on this.

Based on the current rate of interest, if you deposited £1,000 on opening of this account, after 12 months you would have £1005.00.

This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rate over a 12 month period.

  • Available to eligible UK residents over the age of 16 only
  • To open an account you will need to apply in branch or by post and let us have;
    • a fully completed Cash ISA Share Account application form;
    • at least the minimum deposit of £1; and
    • proof of your identity, address and residency
  • The Society’s products can be opened and managed in branch or by post, please refer to the Society’s Savings Accounts General Terms and Conditions
  • The ISA subscription limit from 6 April 2020 to 5 April 2021 is £20,000 and this allowance can be split between a cash ISA, a stocks and shares ISA, an Innovative Finance ISA, a lifetime ISA and a Help to buy ISA, subject to eligibility. Once the amount deposited in any tax year reaches the maximum annual investment limit no further deposits are allowed until the following tax year. Please note the Society only offers cash ISA products.
  • Transfer Out – This Cash ISA can be transferred into another provider’s Cash ISA or a Stocks and Shares ISA. We will forward the funds to the new ISA provider within 15 business days of receiving your instruction from them.
  • Transfer ln and partial transfers-in from other ISA providers are allowed. On receipt of a transfer instruction from you we will forward it to your existing ISA together with a confirmation that we will accept the transfer, within 15 business days of the date of receipt. Current year subscriptions must be transferred in full and previous years subscriptions can be full or partial transfers. Once we receive the funds and transfer information, we will credit the funds to the Cash ISA account within 3 business days of the date of the receipt. Interest will be earned from the day after the funds are credited.
  • Under current ISA regulations it can take up to 15 business days to complete the ISA transfer request.
  • This is a limited issue account and the Society reserves the right to withdraw this product without notice at any time. No further deposits are allowed once the product has been withdrawn.
  • Transfer of funds from existing Chorley Building Society Accounts are not Permitted

You may withdraw by cash, cheque or CHAPs* (*subject to a £25 fee) and transfers out to other ISA providers can be made, subject to 60 days loss of interest on the amount withdrawn unless 60 days’ written notification has been received by the Society.  Notifications by email cannot be accepted.

Cheques requested by post for withdrawals or closures will be issued within 48 hours of receipt and posted 1st class to the account holder. Withdrawal conditions apply; please refer to section 9 of the Savings Account Terms and Conditions for further details.

Our Cash ISA is not a ‘Flexible ISA’. This means that all your deposits within the tax year count towards your ISA allowance, regardless of whether or not you make any withdrawals.

  • Please refer to the Important Cash ISA information section on page 2 of this document.
  • What are the risks? The Government can change the taxation treatment of ISAs at any time without prior notice.
  • This is a limited issue account and the Society reserves the right to withdraw this product without notice at any time.
  • Interest is paid tax free on this Your tax treatment is dependent on your own personal circumstances and may be subject to change in the future.

Before applying for any of the above accounts please ensure you read the following:

Please also refer to our Identification Criteria in case we need to request more information from you

For all ISA transfer requests into Chorley Building Society please also complete an ISA transfer form

If applying by post, please ensure you print and sign before returning your application to the following address:

Savings & Investment Department
Chorley Building Society
Key House
Foxhole Road
Chorley
Lancashire
PR7 1NZ

Got an Enquiry? 01257 235003
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The Society will collect your email address as an alternative means of communication if we cannot reach you via telephone. This data will not be used for any other purpose.