Triple Access Cash ISA

Apply Online for a Triple Access Cash ISA account

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Adult Savers Account - Get easy access to your savings with greater freedom to manage your money.

Summary Box

Account name

Triple Access Cash ISA

What is the interest rate?

Interest rate if 3 or less withdrawals are made per calendar year	3.50% Gross PA/AER*
Interest rate if 4 or more withdrawals are made per calendar year	1.60% Gross PA/AER*

Interest is calculated on a daily basis and added to your account annually on 31st December.

When will you get the higher interest rate?

The interest rate on your account will be the lower rate. However if 3 or less withdrawals are made during the calendar year, the interest rate applied to your account on the 31st December will be the higher rate instead. From the 1st January your interest rate will reset.

Can Harpenden Building Society change the interest rate?

Yes, we have the right to vary the rate of interest. If we decrease the interest rate, we will notify you 14 days in advance of the change.

Please refer to Condition 7 of our General Terms and Conditions for Retail Savings Accounts (available in our branches and our website) which sets out the reasons for which we may change the rate and the procedure for doing so.

What would the estimated balance be after 12 months based on a £1,000 deposit?

If no withdrawals	£1,035.00
If withdrawals of £10 are made each month for the first four months	£975.55

This projection is provided as an example only and doesn’t take into account your individual circumstances. We have worked this out assuming a £1,000 deposit is made on account opening and no further deposits are made throughout the year.

How do I open and manage my account?

You must be at least 18 years old and a UK resident and hold a valid national insurance number to open a Triple Access Cash ISA. You may only hold one Triple Access Cash ISA with us.

This account can be opened on Harpenden Online via our website www.harpendenbs.co.uk, in one of our branches or by post.

Minimum balance: £1
Maximum balance: £250,000

Please note that you must fund the account with the minimum balance of £1 within 30 days of account opening, otherwise your application may be cancelled. Maximum yearly deposit limit current HMRC tax year allowance.

If you have an existing Cash ISA with the Society, this can be transferred to this account without affecting your annual allowance, to take advantage of this please apply in branch or by post as you will not be able to open the account using Harpenden Online.

Please follow the guidance in our ‘Identification Requirements’ document available in branch and online.

We accept full and partial ISA transfers from both previous and current tax years into this account.

You can manage this account in our branches, by post or online (subject to the terms and conditions of Harpenden Online).

By Branch or Post: Deposits can be made by cash (up to £3,000 per day) and cheque or by bank transfer.

By Online: Deposits can be made by bank transfer only.

Can I withdraw money?

Yes, you do not have to give notice to make a withdrawal or close your account.

If you make 3 withdrawals or less during the calendar year, the higher rate shown above will be applied to your account on the 31st December.

If you make 4 or more withdrawals during the calendar year, the lower rate shown above will be applied to your account on the 31st December.

If you do make a withdrawal, the amount taken out cannot be replaced and will still count towards your annual ISA allowance (for that tax year). By taking money out of your Triple Access Cash ISA, you’re also giving up the tax-free benefits on the amount taken out. This means you might need to pay tax on any future interest you earn on that amount.

You will not be permitted to reduce the balance in your account to less than the minimum balance, unless you are closing the account. Withdrawals can be made by cash (up to £500 per day) and cheque, in our branches and by post, or via faster payment (up to £100,000, or above that amount via CHAPS).

Additional information

This account is tax-free.

Any tax treatment and/or rates referred to are are those applying under current legislation, which may change and their availability will depend on your individual circumstances. The favourable tax treatment of Cash ISA’s may not be maintained.

The Society reserves the right to withdraw this product without notice at any time.

* The gross rate is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates what the gross interest rate would be if the interest was paid and added to the account annually.

The information contained in this table forms part of the terms and conditions of the account and should be read in conjunction with our Cash ISA Terms and Conditions.

Apply Online for a Triple Access Cash ISA account

Cash Individual Savings Account (ISA) for over 18's

A cash ISA allows you to avoid paying tax on a nominal amount of your savings. The amount you can save or invest in an ISA is referred to as the annual allowance. The allowance can change annually and is set by the Government.

You choose how you use your ISA allowance. You can split the amount you save into any combination of ISAs, Cash ISA, Stocks and Shares ISA, Innovative Finance ISA and Lifetime ISA, so long as the amount invested does not exceed the overall annual ISA allowance. Alternatively, you can save the full ISA allowance in a cash ISA.

Your annual allowance is for the whole tax year (6 April one year until 5 April in the following year), but you cannot invest more than the annual allowance in each tax year.

Availability

Opening your ISA account

Financial Services Compensation Scheme

Opening or operating an account for someone else

You cannot open this account within Harpenden Online on behalf of another person.

This online account is only available in sole name and is not designed to be operated for someone else.

Should you wish to open or operate an account on behalf of another person due to holding a Power of Attorney or Court of Protection Order you will need to obtain a copy of our form 'Operating an Account for Someone Else’.

This is available in branch or can be downloaded from our website at harpendenbs.co.uk/faqs.

This document should be returned with your completed application form by post to any of our branches or Head Office.

Please check with your local branch or call our Member Services Team on 01582 765411 to discuss our range of suitable alternative accounts.

Customer Service

Changing your mind

If you open a new account and then change your mind, then as long as you tell us at any of our branches or our Head Office within 14 days after the contract is entered into (or, if later, 14 days from the day you first receive, on paper or electronically, the terms and conditions and other information relating to it) you can

• have your money back; or
• switch to another available account

In this case, you will not have to

• give any period of notice;
• lose any interest on the account you are closing; or
• pay any other charges

Harpenden Online

Once your account is open you can keep up to date with your savings balances and manage your savings accounts securely online by registering for ‘Harpenden Online’.

• Manage your accounts 24 hours a day 7 days a week
• Check the balance of your account(s) and view your transaction history
• Talk with us over the internet through our secure message system
• Request to transfer money directly by electronic payment to a nominated bank account (Minimum £100, Maximum £35,000 per day)
• Request to transfer money between your Harpenden Building Society accounts

Privacy Notice

Data Protection regulations require Harpenden Building Society (the Society) to inform customers about how their personal data will be processed.

Personal data includes customer’s name, addresses, financial information and other personal information needed for opening an account.

The Society will restrict its processing of your personal data to the minimum required to open and manage your account, update you on your account status and inform you of any new savings products.

Your personal information will be processed to comply with the Society’s legal and regulatory obligations, to ensure that we continue to operate in a way to safeguard your investment.

The Society will not send you marketing material on any other services and will not share your personal details with any other organisation for marketing purposes, without your consent.

Your personal details will be stored securely by the Society and its specialist suppliers, in countries that have equivalent data protection rules, and will only be used to communicate with you whilst you have an account with the Society.

Further information on how the Society handles your personal data is available under the ‘Privacy’ menu option on the website.

You are entitled to request the Society to restrict its use of your personal data. If you have any questions about how we manage your personal data, or wish to complain about this, please contact the Data Protection Officer in the first instance at: privacy@harpendenbs.co.uk

If you are not satisfied with the handling of your complaint by the Society, you can also make a complaint to the Information Commissioner’s Office on: ico.org.uk.

To view our Privacy Notice in full please visit our website: harpendenbs.co.uk/privacy-notice.

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