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Specific Terms for Fixed Rate ISA (242) 31.05.2026

The Saving Accounts Terms and Conditions in force and as updated from time to time and these Specific Terms both apply to this Fixed Rate ISA (242) 31.05.2026. If there is any inconsistency between the Saving Accounts Terms and Conditions and these Specific Terms, the Specific Terms will apply.

In these Specific Terms:

'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year;

'Cancellation Period' means the period of 14 calendar days after you make your first deposit into the account during which you may cancel your ISA;

'Current Tax Year' means the tax year 2023/2024;

'Current Tax Year Subscriptions' means deposits made in the Current Tax Year that count towards the annual ISA subscription limit;

'ISA Manager' means a reference to another ISA provider;

'ISA Regulations' means any applicable legislation which governs ISAs and in particular, the Individual Savings Account Regulations 1998 (as amended or replaced from time to time);

'Named Bank Account' means a UK bank or building society account that you choose when applying for a statement-based account, it is then used to receive one-off electronic payments; and

'Previous Tax Year Subscriptions' means deposits made in tax years prior to the Current Tax Year that counted towards the annual ISA subscription limit for the tax year in which the deposit was made.

1. The account

1.1 This account is a Savings Account.

1.2 This account is a cash ISA which we manage according to the ISA Regulations.

1.3 We will satisfy ourselves that any person to whom we delegate any of our functions or responsibilities in respect of this account is competent to carry out those functions and responsibilities.

1.4 You may operate this account in branch, by post, by telephone or online.

2. Eligibility

2.1 This account can only be held in a sole name. To apply for this account, you must meet the following conditions:

(a) you must be an individual;

(b) you must be at least 16 years old;

(c) you must be resident in the UK (excluding the Isle of Man and the Channel Islands) or a Crown employee serving overseas and paid out of the public revenue of the United Kingdom or married to, or the civil partner of, such a person;

(d) unless permitted by the ISA Regulations, you must not have paid in Current Tax Year Subscriptions to another cash ISA in the same tax year; and

(e) you must not have exceeded your overall annual ISA subscription limit.

2.2. If, at any point, you no longer meet the conditions set out above, you must tell us immediately.

3. Account opening

3.1 The date of opening will be the date on which both the initial deposit and completed application are received and accepted by us.

3.2 Your National Insurance number, date of birth and permanent residential address (including postcode) must be provided when applying for an ISA. You must let us know if this or other information you provide to us changes.

3.3 If you have a statement-based account you must give us the details of your Named Bank Account.

3.4 You may only hold one Fixed Rate ISA (242) 31.05.2026 at any one time.

4. Minimum balance

4.1 The minimum balance of this account is £1.

5. Interest

5.1 This account matures at the end of 31 May 2026. If interest is paid annually it will be fixed at 4.26% tax-free p.a./AER. If interest is paid monthly it will be fixed at 4.18% tax-free p.a., 4.26% AER.

5.2 Annual interest will be paid at the end of 31 May each year, monthly interest will be paid at the end of the last business banking day of each month.

5.3 Annual interest can be added to this account or paid into an account you already have with us which is not an ISA. It can also be paid to another UK bank or building society. If you would like access to your interest, you should request that it is paid electronically to another account. Monthly interest cannot be added to this account, and must be paid electronically into an account you already have with us which is not an ISA. It can also be paid to another UK bank or building society.

6. Deposit timescales

6.1 We must receive your Current Tax Year Subscription(s) (Condition 7) and/or ISA transfer instructions (Conditions 10.2 and 10.3) within 14 calendar days of your account being opened, or while the ISA is still available to open - whichever period is the longer.

6.2 To find out if the ISA is still available to open visit us at a branch, telephone our Customer Service Centre, or visit our website. We will not contact you to inform you when the account is no longer available.

7. Current Tax Year Subscriptions

7.1 You may pay in part/all of your annual ISA subscription limit to this account in the Current Tax Year. All Current Tax Year Subscriptions must be received within the periods described in Condition 6.1. The annual ISA subscription limit is set by the Government. Please contact us for details of the current annual ISA subscription limit.

7.2 Current Tax Year Subscriptions can be made by:

(a) cash at a branch;

(b) cheque paid in at a branch or posted to our central processing centre;

(c) transferring your money from an account with us; or

(d) making an electronic payment from an account with another bank or building society.

7.3 If you make a Current Tax Year Subscription to this account, you may not make a Current Tax Year Subscription into another cash ISA in the same tax year, unless permitted by the ISA Regulations.

7.4 Any interest payments from other accounts that are paid into this account will count towards your annual ISA subscription limit.

7.5 You will not be permitted to make subscriptions into this account in tax years after the Current Tax Year.

7.6 All money invested in this account must be, and remain, in your beneficial ownership and must not be used as security for any loan or any type of borrowing.

8. Cancellation

8.1 You can cancel your ISA during the Cancellation Period. You can do this by calling the Customer Service Centre, visiting a branch or by writing to us at Oakfield House, PO Box 600, Binley, Coventry CV3 9YR.

8.2 Where you tell us to close this account within the Cancellation Period, you will not incur any charge. We will arrange for your funds, together with any interest accrued during the period it was open, to be returned to you.

8.3 If you make a Current Tax Year Subscription and close your account within the Cancellation Period, you will be treated as if you have not made a Current Tax Year Subscription and you will be able to make a Current Tax Year Subscription into another cash ISA during the same tax year. If the closure is made outside the Cancellation Period, you will not be able to make a Current Tax Year Subscription into another cash ISA during the same tax year, except as permitted by the ISA Regulations.

8.4 If you do not cancel your account within the Cancellation Period, your account will continue in accordance with the Saving Accounts Terms and Conditions, in force and as updated from time to time, and these Specific Terms.

9. Withdrawals and closing your account

9.1 Partial withdrawals are not permitted.

9.2 After the Cancellation Period, the total amount can only be withdrawn and this account closed. You will have to pay a charge equal to 180 calendar days' interest on the money remaining in this account at the time of the closure. The charge will be deducted from the balance in this account at the time of the closure.

9.3 The account can be closed by:

(a) transferring your money to an account with us;

(b) making a one-off electronic payment to your Named Bank Account; or

(c) ISA transfer to another ISA manager or another ISA held with us in accordance with Condition 10.4 or Condition 10.5.

9.4 Once instructions have been received, the closure will be processed within the time specified by you but not exceeding 30 days.

10. ISA Transfers

10.1 Current Tax Year Subscriptions can only be transferred in full, which means it is not possible to transfer only some of your Current Tax Year Subscriptions from or to another ISA. Previous Tax Year Subscriptions can be transferred in full, or, where permitted in the terms for that ISA, in part. Please note that, after the Cancellation Period, we do not permit part transfers of Previous Tax Year Subscriptions from this account.

TRANSFERRING FROM ANOTHER ISA MANAGER

10.2 If you wish to transfer your Current Tax Year Subscriptions in full and/or Previous Tax Year Subscriptions in full or in part from an ISA held with another ISA Manager to this account, according to ISA Regulations, this can be done by contacting us, and:

(a) when we receive a completed transfer instruction from you, we will send it (together with confirmation that we will accept the transfer) to the existing ISA Manager within the timescales in the ISA Regulations;

(b) when we receive the relevant subscriptions and accompanying information from the existing ISA Manager, we will credit the subscriptions to this account within the timescales in the ISA Regulations; and

(c) you must ensure that we receive the completed ISA transfer instruction from you within the period described in Condition 6.1.

TRANSFERRING FROM ANOTHER CASH ISA WITH US

10.3 If you wish to transfer your Current Tax Year Subscriptions in full and/or Previous Tax Year Subscriptions in full or in part from a cash ISA held with us to this account, this can be done by contacting us. When we receive a completed internal ISA transfer instruction from you, which meets the requirements of the ISA Regulations, and subject to the terms of the other ISA we will transfer the relevant subscriptions to this account. You must ensure that we receive the completed internal ISA transfer instruction from you within the period described in Condition 6.1.

TRANSFERRING TO AN ISA WITH ANOTHER ISA MANAGER

10.4 You can close your account and transfer all of the funds held in this account (including interest) to another ISA Manager without losing your tax-free status, as long as the transfer is according to ISA Regulations. When we receive a valid transfer request from your new ISA manager and within the time specified by you, but not exceeding 30 days, we will process the request by sending the funds requested and accompanying information to the new ISA Manager within five business days of the date of receipt (the full transfer process may take up to 15 business days).

Any closure/transfer outside of this process will lose its tax-free status. Any such transfer outside of the Cancellation Period will be charged 180 calendar days' interest (Condition 9.2) which will be deducted before the balance is transferred to the new ISA Manager.

TRANSFERRING TO ANOTHER CASH ISA WITH US

10.5 You can close your account and transfer all of the funds held in this account (including interest) to another cash ISA held with us, without losing your tax free status, provided the transfer is according to ISA Regulations. If you would like to do this you will need to provide us with a valid transfer instruction. Any such transfer outside of the Cancellation Period will be charged 180 calendar days' interest (Condition 9.2) which will be deducted before the balance is transferred to the new cash ISA.

11. Maturity

11.1 This account will mature at the end of 31 May 2026. We will contact you in writing at least 14 calendar days before the maturity date with details of your re-investment and withdrawal options.

11.2 Unless you tell us before maturity, and depending on any changes in ISA Regulations, the funds in this account at maturity will automatically be re-invested into another cash ISA ('re-investment ISA').

11.3 The duration of the re-investment ISA will either be shorter, the same or no more than six months longer than the duration of this account. The withdrawal rights and notice periods that apply to the re-investment ISA, where applicable, will be no less favourable than the equivalent conditions of this account.

11.4 Unless you tell us, the frequency of interest payments for the re-investment ISA, the account to which interest is paid and the Named Bank Account that will be registered for the re-investment ISA will be the same as for this account.

11.5 You will be able to operate your re-investment ISA in branch, by post, by telephone or online, in the same way as this account.

11.6 If your funds are re-invested into a re-investment ISA on maturity, then we will contact you within 7 business days following the maturity date to confirm your re-investment. You will have the option to withdraw from, close, or transfer your account without incurring any charge, within 21 calendar days following the maturity date (i.e. by 21 June 2026).

12. Tax

12.1 We will notify you in writing if this account becomes or will become invalid because of a failure to satisfy the provisions of the ISA Regulations.

12.2 ISAs are a savings scheme initiated by the Government and, as such, are subject to change by them. For example, the favourable tax treatment may not be maintained and it is dependent on the ISA holder's individual circumstances.

12.3 If the holder of this ISA dies, interest will be paid tax-free, up until either the completion of the administration of their estate, the date this ISA is closed or on the third anniversary of their death, whichever happens first.

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