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Barclays Instant Cash ISA Issue 1

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So I am thinking about getting a Barclays Instant Cash ISA Issue 1 aacount set up and as far as I understand it is a savings account. But one thing that I found in the description seemed to be a bit disturbing. It says: AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. Tax-free: Indicates that interest is exempt from UK income tax provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances. Rates are variable. Interest is paid monthly on the first working day of the month. We may withdraw the availability of Instant Cash ISA – Issue 1 at any time without notice. This would only apply to new accounts opened from that time.
Who is 'we'? Does it mean that the bank will be able to withdraw without notice or is it me?

Comments

  • EssexExile
    EssexExile Posts: 6,458 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    It means they can stop offering it if they feel like it, not that they will cancel it once opened.
    Tall, dark & handsome. Well two out of three ain't bad.
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