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 If you make a withdrawal during the term you will lose 180 days’ interest on the amount withdrawn.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 If you make a withdrawal without notice, you will lose 35 days’ interest on the amount withdrawn.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