Cash ISA Instant Access

Instant access and tax free growth

With a Cash ISA from Yorkshire Bank, you can earn a tax free rate with instant access.

At a glance

Interest rates

How to apply

Summary box

• The Yorkshire Bank Cash ISA Instant Access is the easy way to earn more money on your savings, as none of your growth gets taxed, your savings could grow faster than if they were in an ordinary savings account.

  Main features

  • Tiered interest - so the more you save, the higher the interest rate you’ll earn
  • Transfer your old ISAs – when you transfer any existing cash ISAs you have with other providers, you may be able to enjoy higher interest rates
  • Annual interest – paid directly into your account
  • Easy access – your money is never tied up and you can make withdrawals at any time (if you have invested the full allowance of £5,760, you won't be able to make any further deposits in that tax year even if you have withdrawn funds)
  • Easy to manage – carry out transactions online, by phone, at your local branch and by post
  • Start from £10 – it’s easy to get the habit
  • Save regularly – set up a regular payment and make one-off deposits anytime

  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.

  Transferring your existing ISAs

  If you have any cash ISAs from previous years with other ISA providers, you can transfer them to your new Instant Access Cash ISA . So it’s easier to manage your savings, and you could earn a higher rate of interest.

• Amount of savings	Tax free++ / AER+ rate (%pa)
  £24,000 and over	1.60%
  £15,000 - £23,999	1.40%
  £12,000 - £14,999	1.25%
  £9,000 - £11,999	1.00%
  £6,000 - £8,999	0.75%
  £3,000 - £5,999	0.50%
  £1,000 - £2,999	0.40%
  £1 - £999	0.40%

  Rate was last changed 5th January 2011

  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.

  ++ Tax Free - is the rate payable when income is exempt from Income Tax

  +AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

• There are three ways to open a new Cash ISA Instant Access account:

  • By phone – call us on 0800 587 5000  (open Mon- Fri 8am-8pm, Sat 9am-5pm)
  • At a branch – find your nearest Yorkshire Bank branch
  • By post – download an Application Form (opens in new window) and follow the instructions below

  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.

  Transfer your existing ISAs to a Cash ISA Instant Access
  You can transfer any cash ISAs to us – to enjoy benefits such as tiered interest rates.

  Applying by post

  1. Download the Key Features (PDF, opens in a new window), which gives details of the terms and conditions. You should print a copy of these Key Features and retain a copy for your own records before you sign the Application Form. By signing, you are therefore accepting the terms and conditions.
  2. Download How we use Personal Information (PDF, opens in a new window). You should print a copy of 'How we use Personal Information' and retain a copy for your own records before you sign the application form.
  3. Download the Application Form (PDF, opens in a new window). Complete the details on-screen and then print 2 copies of the Application Form.
  4. Sign and date both copies of the Application Form and ensure you have stipulated your marketing preference. Please keep one of the copies for your own records.
  5. Choose how to make your deposit. You can do this by either personal cheque, internal transfer of funds, Direct Debit or standing order.
     • Make a cheque payable to "Yorkshire Bank (re: Your Name)". The pre-printed name on the cheque must include the name on the Application Form.
     • Request an internal transfer from your existing Yorkshire Bank account by completing your bank account details on the application form under section 3.
     • Set up a Direct Debit: download the Direct Debit Instruction Form (PDF, opens in new window), complete your bank details, print, sign and date. The amount you wish to deposit into your Cash ISA and collection date should be completed on your Application Form. Please make sure your bank/building society account accepts Direct Debit payments.
     • Set up a standing order: download the standing order Instruction Form (PDF, opens in new window), complete the details, print, sign and date. Please make sure your bank/building society account accepts standing order payments.
  6. Send the signed application form and deposit (cheque, Direct Debit Instruction Form or standing order Instruction Form or ensure you have completed Section 3 of the Application Form with your Yorkshire Bank account details if you require an Internal Transfer) to:
     
     Direct Banking
     Cash ISA Team
     Timor House, Mariner Court
     Clydebank Business Park
     Clydebank G81 2NR

  What happens next?

  When we receive your application it will be processed as quickly as possible.

  • You will receive confirmation in the post.
  • Every January we will send you an annual statement showing the value of your Cash ISA as at 31st December.

• Summary Box
  Key Product Information for our Savings Account

  Account name	Cash ISA - Instant Access
  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.
  Conditions for bonus payment	N/A
  Withdrawal arrangements	Funds can be withdrawn at any time. 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	Via Branch/post/Telephone/Internet Banking

  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.

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