Watering can and carrots

Premier Cash ISA

  • It's easy to start: Open with just £100

Post Office Money Premier Cash ISA is provided by OneFamily. Savings in Post Office Money cash ISAs are deposited with Bank of Ireland UK.

How it works

0.95% gross/AER variable

Save from £100+ tax-free with our Premier Cash ISA.

  • Tax-free savings: pay no tax on the interest you earn
  • Accessible: the flexibility to make up to two withdrawals each tax year

Benefit from a 0.95% tax-free/AER variable rate which includes a 0.30% tax-free/AER fixed bonus for the first 12 months.

The tax advantages of ISAs depend on your individual circumstances and the tax status may change in the future.

Decide how you’d like to invest:

a. Use current tax year allowance – from £100 up to £15,240 (subject to any stocks and shares and innovative finance ISA contributions).

And/or:

b.Transfer an existing ISA held with another provider – there is no upper limit to the value of ISAs you can transfer but it must be at least £100. Before making a decision to transfer your ISA to us, you should check if your current provider will charge a fee.

Want to withdraw your money? No problem. You can make a maximum of two withdrawals each tax year (the minimum withdrawal amount is £10 or the value of your ISA if it is less) any more and you'll need to transfer to another provider or close your ISA.

If you close your ISA, your money will no longer benefit from the tax advantages of ISAs in the future.

You can only pay into one cash ISA each tax year. If you have paid into your Premier Cash ISA in the tax year you close it, you won’t be able to pay money into another cash ISA in the same tax year. 

Watch your savings grow – interest is calculated daily and will be paid annually in March.

Is this right
for you?
Right for you if
  • You want a savings account that earns tax-free interest
  • You’re happy with two withdrawals a year
  • You want to transfer savings from an existing ISA with another provider
Try something else if
  • You've already invested £ 15,240 in a stocks and shares or innovative finance ISA this tax year
  • You want to make more than two withdrawals a year
  • You're under 16

 

Not the right account for you? Try our Online Bond, Online Saver and Online ISA accounts.

If you're aged 16 to 18, you'll need to verify your name - call us on 0800 169 7500 for a list of acceptable ID.

Summary

Key account information for the Post Office Money

Premier Cash ISA

Account name Post Office Money Premier Cash ISA
Interest rates (AERs) The interest rate is variable. A bonus rate is also payable for the first 12 months. Interest is calculated daily and paid annually in March
Tax Status Tax-free
Conditions for bonus payment None
Withdrawals arrangement
You can make a maximum of up to 2 withdrawals each tax year – if you need access to your money after this, you'll you'll need to transfer to another provider or close your ISA.
 
If you close your ISA, your money will no longer benefit from the tax advantages of ISAs in the future.
 
You can only pay into one cash ISA in each tax year. If you have paid into your Premier Cash ISA in the tax year you close it, you won’t be able to pay money into another cash ISA in the same tax year. 
 
The minimum withdrawal is £10 or the value of your ISA whichever is less.
 
The Premier Cash ISA does not have flexible features. This means that once withdrawn, your money will lose the tax advantages of ISAs and cannot be replaced within your Premier Cash ISA without affecting your annual ISA allowance. If you have already used your full allowance in a tax year, you will not be able to make further deposits into your Premier Cash ISA in that tax year, even if you’ve made a withdrawal from your account.
Access

Account details:

You can obtain the current value and any other details about your account by calling us or writing to us.

Paying money in*:

Deposits can be made:

  • at most main Post Office branches
  • by post
  • by phone (once your account is open)

 

Withdrawing money*:

You can make a withdrawal by calling us or writing to us. We'll either send you a cheque or pay your money into a bank or building society account you have previously nominated. You cannot withdraw money over the counter at a Post Office branch.

*Limits apply and ID may be required.

For details of all the Terms and Conditions that apply to the Post Office Money Premier Cash ISA, please see the key information pack.

Definitions

0800: All calls to 0800 numbers are free of charge whether made from a landline or mobile phone. Calls may be monitored or recorded for training and compliance purposes.

0345: Calls cost no more than calls to geographic numbers (01 or 02). Calls from landlines and mobiles are included in free call packages.

AER: AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

ISA definition: An ISA is an Individual Savings Account. They are a tax-efficient way to save money as you pay no tax on the money you put into an ISA or the interest you earn. There are three types of ISA - cash ISAs  (which have a fixed or variable rate), stocks and shares ISAs and innovative finance ISAs. You can invest up to £15,240 between a cash ISA, a stocks and shares ISA and an innovative finance ISA this tax year (that's the period from 6th April to 5th April). You can only invest in one cash ISA, one stocks and shares and one innovative finance ISA in each tax year.

Nominated Account: A Nominated Account is a current account that we link to your savings account so that you can transfer money between accounts safely and securely whenever you like. It should be a UK personal bank or building society account in your name(s) that accepts Direct Debits/Direct Credits.

Tax efficient: Return will be free of UK Income Tax and Capital Gains Tax.

Tax-free: Tax-free means the interest paid will be free from UK Income Tax and Capital Gains Tax. The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future.

Variable: A variable rate of interest can go up or down throughout the lifetime of a savings account

Small print

Information correct as at 6th April 2016

About OneFamily

OneFamily is a trading name of Family Investment Management Limited (Co. No. 1915516) and Family Equity Plan Limited (Co. No. 2208249), which are authorised and regulated by the Financial Conduct Authority. Registered in England and Wales at 16-17 West Street, Brighton, BN1 2RL, United Kingdom.

About Post Office

Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is registered in England and Wales (No. 07022885). Registered office: Bow Bells House. 1 Bread Street, London, EC4M 9BE.

Post Office Money and the Post Office Money logo are registered trademarks of Post Office limited.

 

Premier Cash ISA is currently unavailable.

View the other savings products available from Post Office Money.

Get the facts

Open a Premier Cash ISA

To apply for a Premier Cash ISA please visit us in branch or contact us by phone

Can we help?

To apply

0800 169 7500 9am-7pm, Mon-Fri
9am-1pm, Sat
Closed Sunday and Bank holidays Alternatively, please visit a main Post Office branch

For existing customers

To speak to our Customer Service Team:

0345 602 3409 9am-7pm, Mon-Fri
9am-1pm, Sat
Closed Sunday and Bank holidays