Clydesdale Bank Savings Account Comparison

Tax Free Cash ISAs

Instant Access Savings Accounts

B Instant Savings Account ^[1]

• 16 minimum age (18+ if you want to apply online)
• £0 minimum opening deposit
• Suitable for regular savings
• Gross interest^[2]
• Immediate access
• Telephone, internet and mobile banking
• Offset mortgage facility^[7]

Find out more about our B Instant Savings Account

Instant Savings Account

• 16 minimum age (18+ if you want to apply online)
• £1 minimum opening deposit
• Suitable for regular savings
• Gross interest^[2]
• Immediate access
• Telephone, internet and mobile banking

Find out more about our Instant Savings Account

Children's Savings

The overall ISA limit for 2018/19 is £20,000 with the option to save all or some of the full allowance in cash. You can split your allowance across a stocks and shares ISA, innovative finance ISA and either a cash ISA or Help to Buy: ISA each tax year, providing you do not exceed the Help to Buy: ISA monthly subscription allowance. You cannot subscribe to a Cash ISA and a Help to Buy: ISA in the same tax year.

Key to numbers in brackets

1. [1] You need to hold a B Current Account to qualify for B Instant Savings Account; Current Account Plus for Savings Account Plus; and Signature Current Account for a Signature Savings Account.
2. [2] Gross interest is the interest payable without taking account of any tax payable. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HMRC. If you would like to read more about your Personal Savings Allowance, please visit the Government website www.gov.uk.
3. [3] Maximum deposit in calendar month account is opened is £1200.
4. [4] Any withdrawals during the same tax year will reduce the current year’s annual ISA subscription allowance, and for Help to Buy: ISA account holders only ‐ impact on the bonus the government will pay.
5. [5] Any withdrawals during the same tax year will NOT reduce the current year's annual ISA subscription allowance.
6. [6] Tax Free ‐ Is the rate payable when income is exempt from income tax. The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty's Revenue and Customs (HMRC) practice which are subject to change.
7. [7] Offsetting means you can use the money in your savings account to reduce the amount of interest you pay on your existing Clydesdale Bank offset mortgage. Remember, no credit interest will be paid on account credit balances that are used for offsetting.
8. [8] If children are over 11 years of age, they can open and operate the account in their name provided their parent, guardian, grandparent or other responsible adult agrees. If children are under 11, the account can be opened in their name and operated by their parent, guardian, grandparent or other responsible adult. When children have reached 11, they can then operate the account if their parent, guardian, grandparent or other responsible adult agrees.