Portman ISA
Portman ISA
A Portman ISA (Individual Savings Account) comes from Portman Building Society and provides a way of making tax-free savings with a higher interest rate than standard savings accounts, so you get more from your money. Portman ISAs come in several types:
Easy Access ISA
- Competitive tiered interest rate (the more you save the more you make)
- Instant Access to your money
- Minimum investment of £1,000 (maximum - £3,600 per tax year)
15 Day Notice ISA
- Competitive rate of interest (Guaranteed for 6 months for having to give 15 days written notice for withdrawals)
- Minimum investment of £1,000 (maximum £3,600 per tax year)
- If the balance falls below £1,000 the interest rate reverts to a much lower level
1 year Fixed Rate ISA
- Fixed investment amount of £3,600 (minimum and maximum) per tax year
- Fixed rate of interest
- No withdrawals and interest is lost if you close the account
1 year Fixed Rate TESSA only ISA (Tax Exempt Special Savings Account)
- Fixed investment amount of £500 (minimum and maximum) per tax year to be transferred from an existing TESSA
- No withdrawals, but you can close the account subject to a loss of 90 days interest.
- Maximum investment of £9,000 – only the original capital from the TESSA can be transferred, not the interest
Use the links below and compare deals from a number of leading UK providers and see if a Portman ISA could be right for you.
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Please bear in mind that:
Investment ISAs are designed as medium to long term investments, for example at least five years.
The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
If you choose an index-tracking trust which invests overseas, exchange rate variations may cause the value of your investment to increase or decrease.
If you unsure what Investment ISA plan is right for you speak to an independent investment adviser.