ISA transfers

If you already have Cash ISAs with other providers you can transfer them to Bank of Cyprus UK and we will guarantee to give you the same great tax-efficient rates we give for new deposits. You can fix the rate of your ISA transfer at any time ensuring that you benefit from our best rates and make the most of your tax-free* savings allowance.


Features and benefits

  • Highly competitive fixed and variable rates available.
  • Interest is calculated daily and paid annually. Variable interest is paid at the end of the tax year. Fixed interest is paid on the anniversary of the account opening.
  • £500 minimum opening deposit.
  • Fee-free withdrawals from the fixed rate are permitted at the end of the fixed term.
  • Restrictions apply for earlier access.
  • Fee-free withdrawals from the variable rate are subject to 35 days' notice.

3 steps to a better deal for your Cash ISA

  1. Call 0845 850 5555* and quote switch for our latest fixed and variable rates
  2. We'll send you a transfer form for you to complete and return to us
  3. We'll contact your current provider and handle the transfer on your behalf


 

 



 

 

 

 

 

 

You are restricted in the total amount you can invest in ISAs. Opening a Cash ISA will limit the amount that you can invest in a Stocks and Shares ISA.

Fee-free withdrawals are permitted at the end of the fixed term for funds deposited at the fixed rate. If you make a withdrawal during the term you will lose 180 days’ interest on the amount withdrawn. Fee-free withdrawals from the variable rate are subject to 35 days’ notice. If you make a withdrawal without notice, you will lose 35 days’ interest on the amount withdrawn.

You can only pay in up to £5,760 for the 2013/14 tax year, regardless of withdrawals made during the tax year.

*Tax-free is the contractual rate of interest payable where interest is exempt from income tax.  The tax treatment depends on your individual circumstances and may be subject to change in the future.

**Lines are open from 9am to 5pm Monday to Friday and from 9.30am to 12.30pm on Saturday. Calls may be recorded for monitoring and training.

Bank of Cyprus UK Limited l Registered in England and Wales number 04728421 l Registered office 27-31 Charlotte Street, London W1T 1RP
Authorised and regulated by the Financial Services Authority l Eligible deposits protected by the Financial Services Compensation Scheme in the UK