Cash ISA
The MLC Cash ISA allows you to save £3,600 each tax year.
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Benefits
- open an account with just £10
- a great savings account without the tax
- save regularly or deposit up to £3,600 in one go
- transfer any other savings to an ISA to maximise the tax-free benefit
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If you want an easy and safe way to earn more money on your savings, then a Cash ISA may well be what you are looking for. Open an account with as little as £10, and since you don't pay tax on interest earned, you could benefit from transferring savings you have elsewhere to a Cash ISA. Deposit as much as £3,600 each tax year then sit back and watch your savings grow.
You can withdraw your money at any time, but if you have already paid £3,600 into your Cash ISA during the tax year, you cannot replace any of the withdrawn funds.
For up to date Interest Rates click here.
The Cash ISA offered by MLC is fully described (including terms and conditions) in our Key Features of the Cash Individual Savings Account. This guide is also available on request from your local branch .
The value of any tax benefits to you depends on your individual circumstances which can change.
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