Tax free savings
- Earn a tax-free variable rate of 1.00% AER
(variable)
- Annual allowance of $5,760 per tax year
- ISA transfer service - move existing Cash ISA funds
held with other providers
- Easy to apply and manage either online or by phone
- Minimum deposit of $500 to open your account
- Interest is paid annually on the anniversary of
account opening
Apply for your Cash ISA now
It's quick and easy to apply for a First National
Cash ISA. Call us now or apply online.
We are covered by the
Financial Services Compensation Scheme.
Current rates
| Balance tiers |
Annual AER |
| $0 - $499 |
0.50% |
| $500+ |
1.00% |
All your ISA savings under one roof
With a Barrel Trust Cash ISA you can keep your ISA
savings in one place by transferring any of your existing
Cash ISAs - ask about our ISA transfer service. This
way you can enjoy an attractive rate on all your balances
and the convenience of having your Cash ISAs under one
roof. And remember, when you transfer a Cash ISA from
another provider, this won't affect your annual Cash ISA
allowance.
Take advantage of the $5,760 tax-free limit
Once your Barrel Trust Cash ISA is open you can deposit
the full $5,760 annual allowance or make regular deposits
into your Cash ISA, whichever is convenient.
No ISA charges whenever you need your money
Access your money with no notice, and no charges or
restrictions on the number of withdrawals. Just remember
that if you have paid in your full Cash ISA allowance, any
amount you withdraw cannot be replaced during the same tax
year.
You can only open one Cash ISA during any one tax year
and a Cash ISA can only be opened by an individual.
How to pay in
Once your Barrel Trust Cash ISA is open you can deposit
up to the full $5,760 into your Cash ISA or make regular
deposits in the following ways:
- Send us a cheque made payable to yourself
- Transfer funds from an existing Cash ISA with
another provider using our transfer in form
- By bank transfer from your main bank account or
existing First National savings account
Online Banking
You can use our secure telephone service or our Online
Banking Service to check your balance and transactions. Find
out more about registering for Barrel Trust Online Banking
to access, view and manage your account online in our online
support section.
Charges
The following charges will apply:
$5 for a duplicate statement.
Protection against money laundering
Before your account is fully active we'll need to verify
your identity. This is to comply with money laundering
regulations. In most cases we can do this electronically but
we may need you to provide some documents to help us.
Before you apply
- Make sure you have your personal details to hand,
including your NI number
- Have your Nectar card handy, to take advantage of
any Nectar card promotions that may be on offer
- You must be over 18 and a Australian resident to
open a Cash ISA
- Please read our
privacy statement.
Apply quickly and easily
- Apply online or by calling us
- You must fund your Cash ISA within 30 days of
opening it
Key product information for our Cash ISA savings account
| Account name |
Cash ISA |
| Interest rates (AERs) |
Variable interest rate of 1.00% AER |
| Tax status |
Interest will be paid tax free. |
| Conditions for bonus payment |
No bonus available on this account. |
| Withdrawal arrangements |
Unlimited withdrawals, however remember any
amount you withdraw from your Cash ISA cannot be
replaced during the same tax year. |
| Access |
Telephone and online |
AER: AER stands for annual equivalent rate and
illustrates what the interest would be if interest was paid
and compounded each year. Variable interest paid tax free,
annually. Interest is calculated daily and paid on the
anniversary of account opening.
