Punjab National Bank ISA
 

Hey Buddy, I want to know the rates of CASH ISA of Punjab National Bank so will you please tell me?

Re: Punjab National Bank ISA
 

Punjab National Bank (International) Ltd is approved by HMRC to manage Cash ISA .

Bank offers :

Variable Rates Cash ISA and
Fixed Rates Cash ISA

Variable Rate CASH ISA

Interest rate applicable from 20.09.2016 is :- 0.50%.

Fixed Rate CASH ISA

Period of Deposit Existing Interest Rates (applicable Revised Interest Rates upto 12th July 2016) (AER)# w.e.f 13.07.2016

1 yr. to less than 2 yrs. 1.00% 0.70%
2 yrs. to less than 3 yrs. 1.20% 1.00%
3 yrs. to less than 4 yrs. 1.25% 1.05%
4 yrs. to less than 5 yrs. 1.35% 1.20%
5 yrs. 1.70% 1.40%

Eligibility

To be eligible to subscribe to a Cash ISA, the Investor must be:

An individual (not jointly with someone else)

At least 16 year old

A resident in the United Kingdom for tax purpose

OR a crown employee serving overseas and paid out of the public revenue of the United Kingdom, or be a married to or in a civil partnership with such a person) and

Not have subscribed to another Cash ISA in the same tax year.

Cash ISA must be in investor’s name and all subscriptions made, and to be made, must belong to investor.

Opening and Minimum Balance

Cash ISA will start from the date the account is opened by a Valid Cash ISA application Form & complying with normal KYC documentations with first minimum deposit of :

£1 for opening of Variable Rate Cash ISA

£1,000 for opening of Fixed Rate Cash ISA

Customer service: 1800 180 2222