Can HTB change the interest rate?
The interest rate is variable, so we can change it at any time.
There are two types of variable rates, ‘managed’ and ‘tracker’. This is a managed variable rate, which means it is set by us and can rise or fall at any time.
- If we increase the interest rate, we’ll make the change and let you know.
- If we reduce the interest rate, we’ll let you know at least 30 days before.
What would the estimated balance be after 12 months based on a £1,000 deposit?
- £1,000 invested in this account would earn £41.00 interest after 12 months.
- £20,000 invested in this account would earn £820.00 interest after 12 months.
- This is for illustrative purposes only and assumes interest is paid and compounded annually. The illustrative example does not consider the individual circumstances of a customer.
How do I open and manage the account?
- You can open an account by completing an application form on our website. We will complete some checks and let you know if we need anything else to help complete your application.
- This account is available to anyone aged 18 or over and a permanent resident in the United Kingdom.
- A Cash ISA can only be opened and held in the name of one person (joint accounts are not permitted) who owns the funds. Power of attorney/guardianship/intervention order holders acting for an account holder are not permitted.
- Once your account is open, you can manage it online through our online portal at htb.co.uk, by secure message when logged in, by email to savings@htb.co.uk or by telephone on 020 7862 6222 (Mon-Fri 9am-5pm, excluding bank holidays).
- You’ll need a minimum balance of £1 in the account to open it and keep it open.
- The maximum account balance is £250,000 with a maximum of £1m balance across all your accounts with us.
- You have 14 days from the date you applied for the account to fund it. If the account remains unfunded at 14 days, it will be closed.
Can I withdraw money?
- Yes − this is an easy access account, so you can make unlimited withdrawals.
- Withdrawals made before 1pm on a working day will be paid the same day. For anything after 1pm this will be paid the next working day.
- You can do a partial transfer on previous year’s subscriptions, but not on the subscription for this tax year.
Additional information
- You can make as many payments into the account as you like up to the maximum balance.
- You can open and operate multiple Cash ISA accounts with HTB within the same tax year, as long as your total contributions stay within the annual ISA allowance.
- You can request a transfer online when you apply for the account or, if your ISA is already open you can download and complete our ISA transfer form and send it to us within 14 days. Please note that all ISA transfers to HTB must be completed within 30 days of your ISA account opening.
- The annual ISA allowance is £20,000 for the tax year 6 April 2025 to 5 April 2026. You must not have paid in more than this in total to a Cash ISA, a stocks and shares ISA, an innovative finance ISA and a Lifetime ISA in this tax year.
- All payments must be made to − and from − your nominated bank account or into another account with us.
- Payments received before 1pm on a working day will be paid the same day. For anything after 1pm this will be paid the next working day.
- If you are seeking certainty on an interest rate or do not need immediate access to your money, this account may not be the best option for you – you could consider a notice account or fixed deposit.
- We will not deduct tax from your interest. It is your responsibility to declare to HMRC any tax due on interest.
- Hampshire Trust Bank is an authorised deposit taker and your eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme, up to the applicable limit. The FSCS protects most depositors up to £120,000.
- Read our full terms and conditions here.