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Isas
What are CAT Standards?
These are voluntary standards on fair CHARGES, easy ACCESS and decent TERMS.
These are:-
Charges: No Charges
Access: Minimum transaction size no greater than £10. Withdrawals with 7 working days or less.
Terms: Interest rate no lower than 2% below base rate.
Rate increase within one month of base rate increase.
No special conditions e.g. limit on number of withdrawals.
As our minimum investment will be £500, we shall be prevented from offering CAT standards, but we will be offering competitive products.
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