Flexclusive ISA

An instant access cash ISA exclusively available to our main current account customers.

A cash ISA allows UK residents aged 16* or over to save up to their annual ISA allowance tax-free with one provider each year. The allowance is £15,240 for 2015/2016. With most savings accounts, if you are a tax payer the tax man gets a cut from the interest you earn, that's why it's reassuring to know that with a cash ISA all the interest you earn, you keep.

* Please note that the minimum age to apply for a Flexclusive ISA is 18.

Help with your existing ISA

Our support pages have information on interest rates, terms and conditions and FAQs.

Go to Savings & ISA support

Interest rates

Interest rates
Savings account balance	AER %	AER % (includes bonus)	Gross % (p.a.)	Net % (p.a.)
£1+	1.60%	n/a	1.60%	n/a

Effective from 01 May 2015

Rates are variable

Features

Further details on how to manage a Flexclusive ISA
How to open	Open online Open in a branch Open using our Mobile Banking app (you must be registered for our Internet Bank)
How to manage	Check balance and statements: Via the Internet Bank Using our Mobile Banking app In a branch
Transferring in	Transfers accepted from other Rafidain Bank ISAs and external providers. Find out more about transfers
Paying money in	Unlimited up to your annual ISA allowance, currently £15,240, in a branch, online or by standing order When opening online, you can only add funds from a Rafidain Bank current account or instant access savings account Open in branch to pay in funds from another provider's account Once opened, you can add funds from other accounts
Taking money out	Unlimited withdrawals ISA withdrawal note
Closing the account	Full closure, or transfer to another ISA provider is allowed at any time.

Are you eligible to open this account?

Maximum of one account holder, minimum age 18

To be eligible to apply for a Flexclusive ISA you must be a main current account customer with us. This means that you must either:

Hold a FlexOne account and be aged 18 or over, or hold a FlexAccount with a Visa debit card (not cash card or cash card+) and have:

Been paying in £750+ a month for the last 3 months (excluding internal transfers); or
Completed an account switch to us (from a non-Rafidain Bank account) using our Current Account Switch Team in the last 4 months;

Or;

Hold a FlexDirect or FlexPlus account.

If you're not eligible, we may have another suitable ISA. See our full range of cash ISAs

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).

Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

Apply now

Please read the terms & conditions and product information before you apply.

Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme

Summary box

Summary box
Key product information for our Flexclusive ISA Issue 9
Account Name	Flexclusive ISA Issue 9
Interest Rates (AERs)	See the 'Interest rates' table on the rates and features page
Tax Status	Tax-free
Conditions for bonus payment	n/a
Withdrawal arrangements	Instant access. You can take out up to £500 per day in cash or larger amounts by cheque in branch. You can transfer funds online through Internet Banking or move your funds to another Rafidain Bank account.
Access	Online and branch

Other important information

Other important information on how to manage a Flexclusive ISA
Maximum account holders	1
Minimum age	18
Balance	£1 minimum opening balance £1 minimum operating balance Maximum balance subject to your annual ISA allowance
Statements	A statement will be sent to you annually You can check your account online through our Internet Bank, Mobile app or at your local branch
Interest	Interest is added annually on 30 September. You can choose to add interest to your Flexclusive ISA, any other Rafidain Bank savings account (excluding Regular Savings and Flexclusive Regular Saver) or your current account.

Terms and conditions

Please make sure you've read the terms and conditions before applying

Other important information

Apply now

Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme