Cash ISA
Julian Hodge Bank currently provides a Fixed Rate Cash ISA offering fixed rates for between one and five years. Access to your funds is free at the end of the fixed rate period. You can however choose to access your funds sooner, though this will be subject to an early exit fee. You should note that additional deposits are not permitted during the fixed rate period, even in subsequent tax years, and the minimum opening balance is £5,640. The interest can be credited to the account or transferred to your external bank account from which the capital sum originated.
Transfers of existing Cash ISAs are accepted to our current fixed rate offerings, though these should be sent directly to us by bank to bank payment so as to ensure your tax free status is not affected. You should check with your existing provider to see if there are any charges or notice periods should you decide to transfer to us.
Please note that Variable Rate ISAs are not currently available from Julian Hodge Bank.
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HM Revenue and Customs ISA Changes
With effect from 6th April 2012, the ISA subscription limit increased to £11,280 for anyone eligible to invest in an ISA.
Up to £5,640 of the new ISA allowance can be saved in a cash ISA with one provider. The remainder of the £11,280 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively, the full £11,280 can be invested in a stocks and shares ISA with one provider. Please note Julian Hodge Bank does not provide a stocks and shares ISA.
