ISAs provided by:

Britannia

Britannia Fixed Rate Cash ISA for maturing customers fixed until 30 November 2017

Is your savings account about to mature? Take advantage of our preferential rates.


  • Earn a fixed interest rate of 0.90% tax-free AER, paid annually at the close of business on 30 November each year.
    • This rate applies to the fixed rate cash ISA launched on 03 November 2016 and is fixed until 30 November 2017.
  • Open an account with between £5,000 and £15,240, if using your 2016/2017 ISA tax allowance.
  • You can also open an account for £1 if you’re transferring your previous years’ cash ISA with Britannia or another provider.
  • No further deposits are allowed into this account after the product has been withdrawn, so if you are depositing less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year.
  • You can make withdrawals before the account reaches maturity by post or in branch, but you’ll lose 180 days’ worth of interest on the amount you withdraw.
    • If you've earned enough interest to cover this charge, the funds in your account will not be affected.
    • However, if you withdraw from or close this account before you've earned enough interest, we'll take the remainder of the charge from the funds in your account.
  • Available as a sole account only.
  • Comes with a passbook.
  • Your account will mature on 1 December 2017 and your money will be transferred to a variable rate instant access cash ISA.
    • This is a limited issue product and may be withdrawn without notice at any time.

Summary Box for Britannia Fixed Rate Cash ISA for maturing customers fixed until 30 November 2017

  • The information provided below is a summary of the key features of our Fixed Rate Cash ISA fixed until 30 November 2017 and is not intended to be a substitute for reading its terms and conditions.

Account name


Britannia Fixed Rate Cash ISA for maturing customers fixed until 30 November 2017

What is the interest rate?


Interest paid annually
Tax-free 0.90% AER 0.90%
  • Interest is calculated daily and will be paid into your account after close of business on 30 November each year.

Can Britannia change the interest rate?


No, the interest rate on your account is fixed and will not change until 1 December 2017.

What would the estimated balance be at the end of the fixed term, based on a £5,000 deposit?


Initial deposit at account opening £5000
Balance on 1 December 2017 £5,045.00
Interest earned £45.00

We have worked this out assuming:

  • You made a £5,000 deposit on an account opening date of 1 December 2016.
  • You haven't made any additional deposits or withdrawals.
  • We added interest to your account at the close of business on 30 November 2017.

How do I open and manage my account?


Can I apply for this account?

To apply, you must be a UK resident (for tax purposes) aged 16 or over and have held one of the following accounts, which has matured within the last 30 days:

  • A Britannia Fixed Rate Cash ISA.
  • A Britannia Fixed Rate bond.
  • Another Britannia or Co-operative Bank fixed term savings account.
  • This account can only be opened as a sole account.

How do I apply for this account?

If you have a maturing Britannia Fixed Rate Cash ISA, you can re-invest in this account by:

  • Post by completing and returning the reinvestment form sent within your pre-maturity pack.
  • In Branch by speaking to one of our advisors.

If you have a maturing Britannia Fixed Rate Bond or other Britannia or Co-operative Bank fixed term savings account, you can re-invest in this account by visiting a branch.

Is there a minimum and a maximum balance?

  • If using any of your 2016/2017 ISA allowance - the minimum subscription and minimum balance is £5,000.
  • If transferring in ISAs from previous tax years either with us or with another provider - minimum balance is £1.
  • The maximum ISA subscription for the current tax year is £15,240.
  • The maximum total balance you can hold in this account is £1,000,000.

How do I make deposits into this account?

You can pay into this account with either cash, cheque, or by transfer from another account held with us.

  • We can withdraw this product without notice at any time. No further deposits are allowed into this account after the product has been withdrawn, so if you are using any of your 2016/2017 ISA allowance but you deposit less than your annual ISA limit, this will restrict the amount you can hold in a cash ISA in this tax year. This is because you can only pay into one cash ISA in each tax year, and you won't be able to pay any more into this cash ISA. However, you will still be able to invest in another type of ISA (e.g. a stocks and shares ISA) with another provider, up to the annual ISA limit, if you wish.

How do I contact you to discuss this account?

You can contact us by telephone or in branch to discuss this account.

Can I withdraw money?


Yes, however, withdrawals or closures before 1 December 2017 will be subject to a charge equivalent to 180 days loss of interest at the fixed rate on the amount withdrawn. The charge will be taken from interest earned but not yet paid; if you do not earn enough interest to cover this charge has been earned, the balance will be taken from the funds in your account.

You can make withdrawals through the following ways:

  • Branch withdraw cash/cheques over the counter.
  • Post you can request cheque withdrawals. Withdrawal forms for you to complete are available on request.

The account will mature on 1 December 2017 when your money will be transferred into a instant access variable rate cash ISA unless you have provided us with your maturity instructions. We'll send you a letter before your maturity, to remind you of your maturity date and to let you know what options are available to you, when considering what you'd like to do with your money.

Additional information


This is a limited issue product and may be withdrawn without notice at any time.

Interest earned from this account will not count towards any of your available personal savings allowance.

All interest earned from your ISA will be free of both Income and Capital Gains Tax.

You cannot subscribe to a cash ISA with us if you have already contributed to another cash ISA using this tax year’s ISA allowance, or if you have already invested the full ISA allowance in another type of ISA this tax year.

Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.

Tax Free - The contractual rate of interest payable where interest is exempt from income tax.

AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Tax-year - A tax year runs from 6 April to 5 April the following year.

To apply, you need to be:

  • A UK resident (for tax purposes).
  • 16 or over.
  • A Co-operative Bank or Britannia savings customer with one of the following accounts which has matured in the last 30 days:
    • A Britannia Fixed Rate Cash ISA, a Britannia Fixed Rate bond, another Britannia or Co-operative Bank fixed term savings account.

How can I re-invest?

We'll write to you a few weeks before your existing Britannia Fixed Rate Cash ISA matures. In this letter we will detail the interest rates offered to you if you want to reinvest and the ways in which you can do so.

If you have a maturing Britannia Fixed Rate bond, another Britannia or Co-operative Bank fixed term savings account, you will need to visit us in branch in order to re-invest your maturing funds in this Britannia Fixed Rate Cash ISA for maturing customers.

Important documents

pdf

Product Specific Terms and Conditions & Summary Box (which contains interest rates)

Download PDF (900KB)
pdf

Britannia General terms & conditions

Download PDF (979KB)
pdf

ISA Options & information (which forms part of the Keyfacts)

Download PDF (903KB)
pdf

How we use your personal information

Download PDF (290KB)

Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.

The Co-operative Bank reserves the right to decline or accept any application and/or deposit.

  • Remember you can subscribe to a Co-operative Bank/ Britannia Cash ISA as long as you have not subscribed to another cash ISA with another provider in the current tax year.

smile, The Co-operative Bank and Britannia are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).

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