Abbey Direct ISA Step 1
If you prefer your cash ISAs to be a bit more flexible, a Direct ISA (issue 2) is the one for you. It lets you earn a great tax-free rate of 2.90% AER, safe in the knowledge that you can get at it if you really need to. And, you only need £1 to open one. You can access or manage your Direct ISA (issue 2) at any time via the internet phone or by post.
 |  Compare Abbey Direct ISA Step 1 details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Abbey www.abbey.com | ||
| Product: | Direct ISA Step 1 | ||
| Apply via this site: |  | ||
| Savings Details | |||
 Account Type: | Cash ISA | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 2.90% AER | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | The minimum age is 16 years. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Minimum Investment: | The minimum investment is £1. | ||
| Minimum Balance: | The minimum balance is £1. | ||
| Monthly Minimum: | There is no minimum monthly credit required. | ||
| Maximum Investment pa: | The maximum investment per annum is £3600. | ||
| Maximum Balance: | The maximum balance in the account is £2000000. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account | ||
| Rates | |||
| Tax Free: | This product is available tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 2.90% 2.90% 2.90% | ||
| Fixed Interest Rate: | The interest rate is not fixed. | ||
| Interest Payment Freq: | Interest is paid annually on the 1st March. | ||
| Managing Account | |||
| Passbook: | A passbook is not issued when this account is opened | ||
| Transactions at Branch: | Transactions cannot be made at a branch. | ||
| Statement Frequency: | Statements are issued quarterly if transactions have been made using the provided ATM card. Otherwise, statements are issued annually. | ||
| Transactions by Phone: | Transactions can be made by telephone. | ||
| Transactions by Internet: | Transactions can be made via the internet. | ||
| Transactions by Post: | Transactions can be made by post. | ||
| Special Access: | None. | ||
| Withdrawal Conditions: | Withdrawal Conditions - None. | ||
| Transfers In: | Transfers are accepted from other Cash ISA providers | ||
| Transfers Out: | Transfers are permitted to other Cash ISA providers | ||
| Fees & Charges | |||
| Trans Notice/Pen/Charge: | No notice, penalty or charge is made to transfer this account to another Cash ISA provider | ||
| Transfer Notice: | No notice is required for transferring this account to another Cash ISA provider | ||
| Transfer Penalty: | No penalty is levied for transferring this account to another Cash ISA provider | ||
| Transfer Charge: | No charge is made for transferring this account to another Cash ISA provider | ||
| Withdrawal Notice: | No notice is required for withdrawals | ||
| Withdrawal Penalty: | No penalty is levied for withdrawals | ||
| Withdrawal Charge: | No charge is made for withdrawals | ||
| W/d Notice/Penalty/Charge: | No notice, penalty or charge is made for withdrawals and closure. | ||
| Compare | |||
| Products: | www.abbey.com Savings | ||
