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Important notice to Birmingham Midshires cash ISA customers

13 June 2014

Changes to cash ISA conditions

With effect from 1 July 2014 we are making changes to all of our cash ISA conditions. These changes will mean that customers can transfer to one of our cash ISAs from a stocks and shares ISA they hold elsewhere.

Fixed rate cash ISAs opened before 1 July 2014

We are also making an additional change to the conditions for fixed rate ISAs opened before 1 July 2014. With effect from 1 July, customers who have invested in a fixed rate ISA in the current tax year have until 31 August 2014 to pay into their account.

Changes to ISA limits

From the 1 July 2014, the annual ISA limit for the 2014 – 15 tax year will be £15,000. You can save up to the annual limit in either a cash or stocks and shares ISA or spread your annual allowance between a cash and stocks and shares ISA in any proportion you wish.

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FSCS – protecting your money. Find out more here.

Gross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

AER means Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.

Tax free is the contractual rate of interest payable where interest is exempt from income tax.

For telephone line opening times, please read the information in our contact section. Calls may be monitored and recorded for security and training purposes. If you're calling from outside the UK, please dial +441902 428 311.

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This site is intended for UK residents unless otherwise stated.
Birmingham Midshires is a division of Bank of Scotland plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. Registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. SC327000.
To contact the FCA Consumer helpline, please ring 0800 111 6768. Alternatively call the Money Advice Service on 0300 500 5000 or visit