Deben Fixed ISA (Issue 30)

0.55% Tax-Free* /AER**

Interest is added to the account annually on 28 February.

The interest rate is fixed until the maturity date on 28 February 2022.

Based on the fixed rate of interest, if you deposited £1,000 into this account, after 12 months you would have £1,005.50.

(This figure is only an estimate, based on there being no additional deposits or withdrawals in that time with all interest being added to your account. This figure is for illustrative purposes only, and does not take into account your individual circumstances).

To open this account:
• You need to be aged 16 or over.
• Provide an opening investment of £100 up to the maximum annual ISA limit set by HM Revenue & Customs (HMRC). Please speak to a member of staff or refer to our website for the current ISA
subscription limits.
• Be an existing member or a new member resident in postcode areas IP, NR, CO, CM, CB or PE.
• Be a permanent UK resident.
• Have a National Insurance number.

To open an account you must complete the appropriate application form. You can visit any of our branches with your opening investment of cash or cheque or apply by post by sending the application form with an opening cheque. You will be asked to provide proof of identity. This is to reduce the risk of fraud and is in line with anti-money laundering legislation. Acceptable forms of identification are detailed in our ‘Verifying your identity’ leaflet. Alternatively our staff will give you full details.

If you change your mind:
If you are not happy with your chosen ISA within 14 days of opening it, we will help you switch accounts or return your savings with interest.

How do I manage my account:
• You may invest up to the maximum ISA limit up to and including 5 April 2021 by cash, cheque or standing order.
• No additional subscriptions can be accepted after 5 April 2021.
• The maximum annual cash limit is set by HMRC. Please speak to a member of staff or refer to our website for the current ISA subscription limits.
• Remember that you can only subscribe to one cash ISA with one provider in any tax year, however you can invest up to the maximum annual ISA limit across other types of ISAs.

Can I transfer in my ISA from another ISA Manager?
Yes, you can transfer in an ISA from another ISA Manager whilst Deben Fixed ISA (Issue 30) remains in our current range and provided you have not exercised any flexible option.

• You cannot make partial withdrawals.
• However your account can be closed at any time subject to a penalty equivalent to 90 days’ interest. This means that you can access your funds instantly where you accept the penalty.
• The penalty will first be deducted from accrued interest. If there is insufficient accrued interest the penalty will be deducted from the balance in your account.
• If you close your account, you cannot open another cash ISA in the same tax year in which you have subscribed to this ISA.

Can I transfer out my ISA to another ISA Manager?
If you want to transfer out to a new ISA Manager before 28 February 2022, then the withdrawal conditions above will apply to the transfer.

What happens at the end of the fixed rate period?
The final interest will be added to your account on 28 February 2022. We will contact you 14 days before this date providing you with details of the proposed account your savings will be transferred to when your ISA matures.

Your savings will be transferred to another fixed term account with the closest access and duration to your existing product, so you can continue your investment; however we will also detail your options including how to transfer to an easy access ISA (NISA) or how to close your account.

You will be given full access to your funds for a specified period if you have other plans for your savings and wish to withdraw your funds or choose an alternative product.

This is a summary of the key features of this account. You will still need to read the Terms and Conditions.