At the moment we are running a promotion offering a 1.5% AER (Annual Equivalent Rate) return on the cash balance of your Abundance ISA from 14 March 2018 until 31 July 2018*. This means you can start earning a tax free return on your ISA cash before you invest it into projects.
As well as our current open investment Atlantis Future Energy, we will also be launching further investments over the coming months for you to invest in before the promotional period ends. But you are free to keep your cash in your Abundance ISA once it has been subscribed, which means you can build your portfolio of ISA investments with us over a timescale that suits you.
If you ultimately decide not to invest all of your ISA cash with Abundance, you are free to transfer any portion of your uninvested funds away (provided it is within the ISA transfer rules) from the Abundance ISA to another ISA provider at any point. You can learn more about this process in our ISA transfer FAQs below.
The 1.5% AER return will be paid by Abundance on the cash balance of your Abundance ISA from 14 March 2018 until 31 July 2018. Returns will be calculated on your daily cash balance from 14 March 2018 until 31 July 2018, and will be paid into your Abundance ISA as a single payment within 3 working days of 31 July 2018.
If you choose to transfer or withdraw cash from your Abundance ISA during the promotional period you will receive the 1.5% AER return until the date the funds leave your Abundance ISA. You will also only receive the 1.5% AER return on uninvested cash funds, as soon as you invest your ISA cash you will no longer receive the 1.5% AER return.
Your ISA cash balance is held by the Client Money Service Provider in accordance with the Abundance Service Terms & Conditions and the ISA Terms & Conditions. Abundance may withdraw or change the 1.5% AER return offer at any time so that it is no longer available or it is limited to a maximum number of new subscribers. The opening of an ISA is subject to the Abundance ISA Terms & Conditions.