Help to Buy: ISA

Monthly 1.63%Gross*/ 1.64% AER** (Variable)

£3,233

This projection is based on an initial £1,000 deposit and 11 further monthly deposits of £200 and no withdrawals are made.

Please note: This projection is provided for illustrative purposes only and does not take into account customer’s individual circumstances.

In branch, by telephone, online or by secure message (for accounts opened and operated online).

Minimum Opening Deposit: £1 (please refer to point 6 in the Product Special Conditions for further information regarding your initial investment).
Maximum Opening Deposit: £1,200.

Minimum Regular Monthly Deposit for the bonus interest rate: £1
Maximum Regular Monthly Deposit for the bonus interest rate: £200 (following the first monthly deposit).

Minimum Account Balance: £1. The minimum balance eligible for the 25% government bonus payment is £1600.
Maximum Account Balance: No maximum balance. The total closing balance for the 25% government bonus payment is £12,000.

Withdrawals/transfers can be made penalty free without notice. Any withdrawals from the account can only be repaid in accordance with the maximum monthly subscription limits.

Please note: Should you transfer or withdraw funds from this product to a non Help to Buy: ISA, you will not be able to reinstate these funds unless the purchase of your property falls through. If this happens you’ll be provided with a failure notice which can be sent back to us and we’ll repatriate your funds into a new Help to Buy: ISA.

You will not be entitled to claim the 25% government scheme bonus for the funds withdrawn from this account.

Tax Status: Interest will be paid gross*.

Conditions for the 25% government bonus: A 25% government bonus will be calculated and paid on the closing balance of the Help to Buy: ISA by the Eligible Conveyancer on the customer’s request to close their Help to Buy: ISA.