Cash ISA Issue 2
|Balance from (£)||Balance to (£)||AER/Gross % p.a||Net Equiv. % p.a|
|10.00||19,999.99||1.20||Tax – free|
|20,000.00||29,999.99||1.50||Tax – free|
|30,000.00||–||1.75||Tax – free|
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Tax free means the rate of interest payable where the interest paid is exempt from income tax.
ISA stands for Individual Savings Account.
Our cash ISA provides the opportunity to earn tax-free interest whilst retaining access to your savings.
Our current issue is Issue 2.
- Minimum opening balance £10.
- Maximum investment of £15,240 in the 2015 / 2016 tax year.
- Interest paid gross (no deduction of basic rate tax).
- No limit on the frequency of withdrawals.
This account is only available to:
- Existing members
- New customers resident in Northern Ireland
How to Apply
For details on how to open a savings account with Progressive please read the documents Opening a New Progressive Account and Proving Your Identity in the Related Documents section above.
You can find out further information on this account by reading the specific Account Terms & Conditions together with the Savings Service Agreement. Please read both carefully as they set out your rights and obligations in your dealings with us. These documents can also be found in the Related Documents section above.
If at any time you require assistance or have a question about opening an account you can reach us by completing
the Email Us form or by calling 028 90244926.