Individual Savings Account

Launched by the Government to help you start saving, ISAs have one excellent benefit; they are tax-efficient. Suddenly, you can start to save cash, invest in stocks, shares or life insurance policies without having to worry about the tax implications. Best of all, there are options to suit everyone. Click here to download ISA application form.

Summary Box
Key Product Information for our Savings Accounts

Account Name

Cash ISA

Interest Rates (AERs)

Interest is paid annually on 31^st December each year. Interest rate is variable.

For current rate, please refer to our interest rate leaflet.

Tax Status

The tax free status is not guaranteed and may not be maintained indefinitely.

Conditions for bonus payments

Minimum investment £100.00.

Minimum out of area investment £100.00.

Withdrawal arrangements

Withdrawals or transfers can be made at any time subject to 60 days notice period or by payment of a penalty equivalent to 60 days interest on the amount withdrawn.

Access

By branch or post.

ANNUAL INTEREST

PRODUCT	GROSS %	NET %	AER %
Cash ISA	0.75	TAX FREE	0.75

Summary Box
Key Product Information for our Savings Accounts

Account Name

Bonus ISA

Interest Rates (AERs)

Interest is paid annually on 31^st December each year. A bonus is paid on the anniversary of the account being opened of 1.75% of the opening balance. Interest rate is variable.

For current rate, please refer to our interest rate leaflet.

Tax Status

The tax free status is not guaranteed and may not be maintained indefinitely.

Conditions for bonus payments

Minimum investment £3600.00.

Minimum out of area investment £3600.00.

Withdrawal arrangements

Withdrawals or transfers can be made at any time subject to 60 days notice period or by payment of a penalty equivalent to 60 days interest on the amount withdrawn. If witdrawals are made the bonus will not be paid.

Access

By branch or post.

ANNUAL INTEREST

	GROSS %	NET %	AER %
Including Bonus	2.25	n/a	2.25
Excluding Bonus	0.50	n/a	0.50

Summary Box
Key Product Information for our Savings Accounts

Account Name

One Year Fixed Rate ISA (Issue 2)

Interest Rates (AERs)

Interest is paid annually on 31st December each year and at maturity.

Tax Status

The tax free status is not guaranteed and may not be maintained indefinitely.

Conditions for bonus payments

Minimum investment £3600.00. Minimum out of area investment £3600.00. No bonus payment.

Withdrawal arrangements

Following the initial investment no further investments are allowed. No withdrawals are allowed. If you wish to transfer to another provider all interest earned on the account will be payable at the current variable cash ISA rate.

Access

By branch or post.

ANNUAL INTEREST

PRODUCT	GROSS %	NET %	AER %
One Year Fixed Rate ISA	2.25	TAX FREE	2.25

Click here to download ISA terms.

Shepshed Building Society, Bull Ring, Shepshed, Leics, LE12 9QD is authorised and regulated by the Financial Services Authority. Our Financial Services Authority registration number is 206067. You can check this on the FSA's register by visiting the FSA's website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.