Demo rate card3.60% AER / tax-free (variable)
The pound values and percentages on this page are invented AcornBank product terms, chosen for a realistic bank-style example. They are not current market offers, an invitation to deposit or invest money or a forecast of what a real bank will pay.
| Product detail | Demo terms |
|---|---|
| Account type | Easy-access cash ISA |
| Rate, reward or charge | 3.60% AER / tax-free (variable) |
| Minimum / demo annual allowance | £1.00 to £20,000.00 per demo tax year |
| Access | Unlimited withdrawals in the demo; flexible, so money withdrawn can be replaced within the same demo tax year |
| Eligibility in the scenario | One adult story customer with unused demo ISA allowance this tax year |
| Fees | No model account fee |
| Currency | GBP (£), used solely for fictional calculations |
What could your balance look like after 12 months?
| Opening deposit | Demo AER | Interest earned | Closing balance |
|---|---|---|---|
| £1,000.00 | 3.60% | £36.00 | £1,036.00 |
| £5,000.00 | 3.60% | £180.00 | £5,180.00 |
| £10,000.00 | 3.60% | £360.00 | £10,360.00 |
Assumptions: one opening deposit, no additions or withdrawals, no fees or tax, and the stated rate for the whole period. Interest is credited once at each anniversary and rounded to the nearest penny, with half-pennies rounded up. AER and gross p.a. match in this annual-credit model. The ISA wrapper means the model deducts no tax from the interest.
If £5,000.00 stayed for longer
| Anniversary | Interest that year | Balance | Total interest |
|---|---|---|---|
| 1 | £180.00 | £5,180.00 | £180.00 |
| 2 | £186.48 | £5,366.48 | £366.48 |
| 3 | £193.19 | £5,559.67 | £559.67 |
| 4 | £200.15 | £5,759.82 | £759.82 |
| 5 | £207.35 | £5,967.17 | £967.17 |
The variable rate is held constant solely to show annual compounding. These are scenarios, not forecasts; a future rate change would change every later row. Figures are before inflation.
Using the demo ISA allowance
| New money in the demo tax year | Allowance used | Allowance remaining |
|---|---|---|
| £10,000.00 lump sum | £10,000.00 | £10,000.00 |
| £200.00 a month for 12 months | £2,400.00 | £17,600.00 |
| £10,000.00 lump sum plus £200.00 a month | £12,400.00 | £7,600.00 |
The demo allowance resets each fictional tax year and is shared across every ISA a story customer holds. Money withdrawn from this flexible ISA can be replaced in the same tax year without using more allowance.
Hazelnut Cash ISA is easy-access cash isa in the Savings range, used for tax-free easy-access savings inside a demo ISA wrapper. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Hazel puts the rate card to work
Hazel Twitch wanted tax-free easy-access savings inside a demo ISA wrapper. Her first question was how soon the funds would be needed, not how large a percentage would fit on a poster. The branch manager opened the Hazelnut Cash ISA rate card, circled the access rule and made a separate line for fees. Pip tried to classify the pencil as a deductible snack; the ledger remained unconvinced.
Hazel follows the example below exactly, rather than assuming the headline rate applies to every amount for every day. This character and quotation-free account are invented, not a real customer review.
See the whole Savings range or compare every product on the rates page.
What the example does not promise
All figures are invented and shown to make the demo useful to read and crawl. No money is held, no application is available, and no deposit-protection, regulatory or tax-wrapper status is claimed. Calculations do not account for personal tax, inflation or unstated changes in rates. The fictional bank manager can guarantee only that the next paragraph contains no real acorns.
Related reading
- This Is a Fictional Bank — No Real Banking Here
- Site Map — Every Branch of AcornBank
- Rates — Savings, Borrowing and Rewards
- Help — Unruffle Your Tail
- Savings — Pots, Bonds and Notice Hollows
- Hazelnut Cash ISA — Fictional Product Terms
AcornBank: entirely fictional banking, exceptionally committed squirrels.