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| Access | Unlimited withdrawals in the demo; flexible, so money withdrawn can be replaced within the same demo tax year |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 |
Hazelnut Cash ISA questions
What is Hazelnut Cash ISA for?
An easy-access pot inside a fictional cash ISA wrapper. The model applies no tax to interest, caps new money at a demo £20,000 a year and lets withdrawn money go back in during the same tax year. Its story purpose is tax-free easy-access savings inside a demo ISA wrapper. Everything on this site is fictional; nothing can be applied for.
What rate does Hazelnut Cash ISA pay?
3.60% AER / tax-free (variable), tax-free inside the demo ISA wrapper. It can change, because the rate is variable; projections hold it constant only for arithmetic.
Can I take money out of Hazelnut Cash ISA?
Unlimited withdrawals in the demo; flexible, so money withdrawn can be replaced within the same demo tax year.
How much can I put into Hazelnut Cash ISA?
Minimum / demo annual allowance: £1.00 to £20,000.00 per demo tax year. New money counts against the shared demo ISA allowance.
Does Hazelnut Cash ISA charge fees?
No account fee in the model. The only cost is patience: money locked away cannot be spent.
Savings questions
Shared across the whole range.
What is the difference between a fixed and a variable rate?
A fixed rate holds for the product’s term; a variable rate can change, and the projections only hold it constant for arithmetic. The savings range has one of each in every pair: accounts, cash ISAs and bonds.
How does the demo ISA allowance work?
New money into any ISA is capped at a demo £20,000 per fictional tax year, shared across every ISA a story customer holds. Interest and growth inside the wrapper are untaxed in the model.
Can I take money out of a fixed product early?
From the two fixed accounts, yes, with a 90-day interest deduction. From the two bonds, no: the term is fixed. The easy-access account and easy-access ISA allow withdrawals at any time.
When is interest paid?
Once a year at the anniversary in the annual-credit model, which is why AER and gross p.a. match. Fixed products pay at maturity.
Is savings interest taxed?
The model deducts no tax anywhere. Non-ISA figures are gross; ISA figures are described as tax-free because the wrapper would shield them. Personal tax is outside the story.
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.
Frequently asked squeaks
The questions and answers on this page come from AcornBank’s single shared FAQ collection, so the same wording appears here, on the Savings hub and in the full FAQ list. Every answer is about a fictional product: 3.60% AER / tax-free (variable) is a demo figure and nothing can be applied for. The summary and worked figures below give the numbers the answers refer to.
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 — Compare the Canopy
- Hazelnut Cash ISA — Fictional Product Terms
AcornBank: entirely fictional banking, exceptionally committed squirrels.