Key Product Features

A Mini Cash Individual Savings Account or Mini Cash ISA allows you to receive interest on your savings completely tax-free.

• The minimum investment in the fixed rate Mini Cash ISA is £1,000 and offers a fixed rate of interest for a period of 12 months.  
• The maximum investment per tax year is £3,000 and previous years' ISA balances can also be transferred into our fixed rate Mini Cash ISA.
• No withdrawals or additions allowed during the period of investment.
• The fixed rate ISA can be transferred to another provider or closed subject to a 60-day interest penalty calculated at the fixed rate. No transfers out or closures can be made until the ISA has been opened for 60 days.
• Interest is paid on maturity and will be added to original investment.
• Please ensure you read the Fixed Rate Mini Cash ISA Key Features document(opens in new window)
• Find out about what an ISA is (opens in a new window).
• Find out about how much you can invest in the ISA (opens in a new window).

The ‘tax free rate’ is the contractual rate of interest payable where interest is exempt from income tax.

The 'net rate' is the rate of interest which would be payable after allowing for the deduction of income tax at the specified rate.

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

Details Summary

• The ISA will mature 12 months from the date of opening. The Society will contact the investor prior to maturity with reinvestment options. In the absence of written instructions from you on maturity, the account will begin to earn interest at the appropriate Mini Cash ISA Third Issue rate.
• Cheque deposits will earn interest after 4 working days from the date the Society receives it. Standing order deposits earn interest from the date of funds transfer.
• Find out if you qualify for an ISA (opens in a new window).
• Read about transferring existing tax-free savings into a Cheshire ISA (opens in a new window).
• Find out about closing the ISA  (opens in a new window).
• Read about Deposit-Based Stakeholder Standards (opens in a new window).
• Where to find us – take a look at our Branch Locator.
• Want more information? Fill out the Contact Form.

Other Information

• Terms and Conditions
  Please ensure you have read the Society’s Terms and Conditions before completion of your application, as you will be signing to say that you have read, understood and agree to be bound by them. Print Terms and Conditions now (opens in a new window) or request printed copy (opens in a new window) .
• Financial Services Compensation Scheme
  Cheshire Building Society is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum of 100% of the first £35,000 of an investor’s total shares and/or deposits. Most investors are covered, including individuals and small firms. Although most shares and deposits in UK building societies are denominated in sterling, the euro and other European Economic Area currencies are also covered. Further details are available on request from the Society.
• English Law
  Any contract entered into between yourself and the Society will be based upon English law.
• English Language
  All correspondence between yourself and the Society will be communicated in English.
• Right to Cancel
  You have the right to cancel this product, without penalty within 14 days of commencement. Cancellation instructions must be received in writing before the 14th day.  All instructions should be addressed to: Investment Team, Castle Street, Macclesfield, Cheshire  SK11 6AF.
• Complaints
  If you are not satisfied with any Cheshire Building Society product or service we have a complaint handling procedure (opens in a new window) that you can use to resolve such matters.
  Cheshire Building Society is a member of The Financial Ombudsman Service. If you are still not satisfied after following the Cheshire Building Society procedures, you can ask the Ombudsman to review the complaint.
  You can find out more about The Financial Ombudsman Service in a leaflet available from any branch or by telephoning the Customer Contact Centre on 0845 755 0555. Alternatively you can write to: Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR or telephone 020 7964 1000