Our Flexible Cash ISA is a great way to take advantage of your 2024/25 ISA allowance of £20,000, with instant access to your funds. You also have the flexibility to replace any money you withdraw without affecting your ISA allowance, as long as it is done in the same tax year. You can pay in a lump sum or make regular smaller payments throughout the year, the choice is yours.
Rates effective from 12 August 2024.
Key features:
Account name
Flexible Cash ISA (Issue 2)
What is the interest rate?
| Annual | ||
|---|---|---|
| Balance | Tax-free* | AER† |
| £25,000+ | 3.55% | 3.55% |
| £25+ | 3.25% | 3.25% |
Rates effective from 12 August 2024.
Interest earned daily and paid annually on 05 April.
Can Marsden Building Society change the interest rate?
The interest rate is variable so we can increase or decrease the rate at any time.
If the interest rate on your account falls, and the balance in your account is £100 or more, we will personally notify you of the change.
All our interest rates are available in branch and on our website.
For more details about why we may change the rate, and when we will let you know about a change, please refer to our General Retail Savings Account Terms and Conditions.
What would the estimated balance be after 12 months based on a range of deposits?
If you saved £25,000, the estimated balance after 12 months would be £25,887.50.
If you saved £1,000, the estimated balance after 12 months would be £1,032.50.
These examples assume that the account is opened with the amount stated on 06 April, no withdrawals or further deposits are made throughout the 12 months, the interest earned is added to the account annually, and no changes are made to the current interest rates. They are provided for illustrative purposes only and do not take into account your individual circumstances.
How do I open and manage my account?
This account is available to UK residents and can be opened and operated at a branch.
The minimum balance to open the account is £25. The overall maximum holding by any one person in respect of all savings accounts with the Society is £250,000. This includes money held in a joint account.
Payments into the account can be made in cash, by cheque or debit card (up to £1,000), electronic payment (but not direct debit), standing order or transfer from another Marsden account.
Additional deposits can be made at any time up to the annual ISA subscription limit, currently £20,000 for the 2024/25 tax year.
You may transfer used ISA allowances, including both previous or current years’ subscriptions into this account.
Can I withdraw money?
You can withdraw from your account whenever you need in branch. Limits apply on cash withdrawals.
This account is flexible, so you can withdraw money and put it back without affecting your ISA allowance, as long as it is done in the same tax year and the account remains open.
You can close the account at any time if you need to, however, please be aware that closing the account means ISA status will be lost.
Additional information
*Tax-free means that interest is not subject to income tax.
†AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.
Interest will be paid tax-free. The favourable tax treatment of ISAs may change in the future.
Download our full savings terms and conditions: General Retail Savings Terms and Conditions (PDF)
Download product terms and conditions: Flexible Cash ISA (PDF).
If you'd like to open an account, please visit your local branch. You can find details of all our branches on our 'Find a branch' page.
If you're planning on visiting a branch to open a savings account, please phone the branch before you visit to check if an appointment will be required. Branch telephone numbers can be found on our 'Find a Branch' page.
Download our list of Identification Requirements before your appointment: Identification Requirements (PDF)
Please note, products can be withdrawn at any time and without notice.
We want to provide the best service possible, so if you have any questions, get in touch. You can contact us by phone, visit us in branch or email us – we’ll be happy to help.
01282 440500 * 
