Skip to content Skip to primary navigation Skip to secondary navigation
We use cookies to keep our websites easy to use and relevant to our users' requirements and to enable us to learn which advertisements bring users to our website. We do NOT use cookies to collect any personal information about you. By continuing to browse our web pages, you agree that we may use cookies for these purposes. Find out more.×

Cash ISA 40 Day Notice Account

Saving your cash and generating interest

Saving can be a challenge, so Yorkshire Bank’s Cash ISA 40 Day Notice Account gives you the flexibility to save within a Cash ISA to your yearly limit, yet have access to your funds with 40 days notice of withdrawal. If you want to save, but could need access to funds, the Cash ISA 40 Day Notice account will help you earn tax free interest on your cash, and keep your funds accessible. Tax free means the interest payable is exempt from UK tax.

Please note that from the 17th April 2015 we removed the option to transfer your ISA into the 40 Day Notice Cash ISA Account. This applies to new and existing customers.

Main features
  • Provided you give us at least 40 days’ notice, you can withdraw your money without paying a penalty*. Withdrawals without sufficient notice incur a charge.
  • The overall ISA limit for 2016/2017 is £15,240 with the option to save all or some of the full allowance in cash. You can put money into one cash ISA, one stocks and shares ISA, and one innovative finance ISA each tax year. You can save up to £15,240 in one type of account or split the allowance across two or three types. If you reach your Cash ISA limit and then withdraw some money, no further deposits are allowed during that tax year.
  • The more you save, the higher the interest rate you could earn, with our tiered rates.
  • You only need £500 or more to open an account and you can add to your savings through regular payments, deposit a lump sum, or both (up to your annual limit of £15,240)**.
  • You can make deposits at any branch, on the phone or by post.
  • Annual interest is paid directly into your account.
Other solutions

If you're looking for flexibility with immediate access and the ability to withdraw and replace money outwith your annual subscription limit then our Flexi Cash ISA may suit you.

Anyone aged 16 years or over is eligible to apply for a Cash ISA. You must be resident in the United Kingdom for tax purposes.

The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty's Revenue and Customs (HMRC) practice which are subject to change. The proceeds of an ISA are currently free from UK Income Tax and Capital Gains Tax, provided all ISA conditions are met.

* You may make a withdrawal from your ISA, in whole or in part, by giving 40 days notice. If you do not give 40 days notice, a charge will apply. The charge is equivalent to 40 days gross interest on the withdrawal amount. Further details can be found in the terms and conditions. You can take your money out of an Individual Savings Account (ISA) at any time (subject to terms and conditions of the account), without losing any tax benefits. However, taking money out of your account doesn’t reset your tax-free ISA allowance. If you save up to your entire ISA allowance then withdraw some money, you can’t put anything else back into your ISA in that tax year.

** The annual ISA limit for 2016/17 is £15,240, with customers having the option to save all or some of their full allowance. You can put money into one cash ISA, one stocks and shares ISA, and one innovative finance ISA each tax year. You can save up to £15,240 in one type of account or split the allowance across two or three types.

Useful information
Product summary box
Account name Cash ISA - 40 Day Notice
Interest rates (AERs) Refer to the Cash ISA tariff for personal customers, our website www.ybonline.co.uk or the notice displayed in branch
Tax status Tax free – interest is paid gross
Withdrawal arrangements You may make a withdrawal from your ISA, in whole or in part, by giving 40 days notice. If you do not give 40 days notice, a charge will apply. The charge is equivalent to 40 days gross interest on the withdrawal amount. Further details can be found in the terms and conditions. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number or amount withdrawn from your investment.
Access Branch/Post
Application process

To open a new Cash ISA 40 Day Notice:

How to apply

Apply by post

Open new account only – download an Application Form (opens in new window)

Apply by post
Apply in branch

Apply in person at any one of our branches

Request a branch appointment
Apply by phone

Monday to Friday 8.00am-8.00pm,
Saturday 9.00am-5.00pm,
Sunday 10.00am-4.00pm


Top-up your existing Cash ISA