One.

You can put money into one Cash ISA held with Charity Bank each tax year. Payments into multiple issues held with Charity Bank will not be permitted.

Interest is paid gross without the deduction of income tax and doesn’t count towards your Personal Savings Allowance.

33 days.

£250.

The maximum deposit for this account is the 2024/25 ISA allowance of £20,000. You may transfer existing ISA balances from other providers into this account up to our published cap of £500,000. Applications to transfer existing ISAs can only be made when applying online.

Initial deposit(s) can be made by cheque or electronic transfer from your nominated account only or ISA transfer. From the day we confirm your account is open you have 14 calendar days to fund it with one or multiple deposits up to a maximum account balance of £500,000 or in excess of this limit if pre-approved by us. If your account is not funded to the minimum account balance of £250 within this period, it will be closed, and any funds returned to you, unless you have sent us a completed ISA transfer request, in which case we will allow time for your existing ISA provider to send us the funds in accordance with the terms of your account with them. If not fully funded to the 2024/25 tax year ISA allowance of £20,000, or the maximum account balance of £500,000 if transferring previous/current years’ funds, additional credits are permitted and can be made by cheque, electronic transfer, direct debit or standing order from your nominated account up to these limits.

You can transfer previous and current years subscriptions to your Ethical 33-Day Notice Cash ISA. However, partial transfers of current year subscriptions are not supported. If transferring current years subscriptions to us they must be in full.

If you wish to withdraw funds or close your Cash ISA, where funds are repaid to your nominated account, you have the choice to do so by either serving 33 days’ notice, or if you wish to receive funds sooner, you will be subject to pay an early withdrawal fee, refer to the Ethical 33-Day Notice Cash ISA Additional Terms for further information. Please be aware this is not a Flexible ISA.

As long as you give us 15 days’ notice to transfer your account to another ISA manager, we will transfer your account, with all rights and obligations of the parties to it by the date you request in accordance with the ISA regulations. Once the transfer instruction is received, we will provide the new ISA manager with the funds and information within 5 working days of the date you specify.

Interest is calculated daily and paid annually to your account on the last business day of December. There is no bonus interest payable.

Based on an interest rate of 3.01% gross, the balance on a £1,000 deposit after 12 months would be £1,030.10. This illustrative example assumes no withdrawals, no changes to the managed interest rate over the period and interest is paid and compounded annually. (The illustrative example does not take into account the individual circumstances of a customer).

The interest rate is managed and may be altered in accordance with Section 9 ‘Changes to interest rates’ of our Terms for personal savers.

All accounts are operated by post. We can answer any questions directly by email or over the phone. Currently we do not offer online services once your account is open.