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Cash ISA Fixed Rate Bonds

Issue 44 - 1.3% tax-free p.a./AER[1] until 31st May 2019

Issue 45 - 1.6% tax-free p.a./AER[1] until 29th May 2020

Lock away your savings and watch them grow tax-free - Jump to footnote [1]

Our Cash ISA Fixed Rate Bonds give you a fixed interest rate for the duration of the bond, providing you with a guaranteed return at the end of the term. You won't pay any tax on the interest you earn either, so it's a great way to make the most of your savings and plan for the future.

These limited issue ISAs won’t be around forever and could be withdrawn at any time. Take advantage of our rates today. With our straightforward online application your account can be open in minutes.

Product features

  • Interest rate fixed until bond matures - Jump to footnote [2]
  • Limited issue
  • Minimum deposit £2k, maximum deposit £20k (ISA limit 2018/2019)
  • Transfer your balances from other providers (previous tax year subscriptions) to our fixed rate
  • Additional deposits possible whilst product on sale up to max limit £20k

If you withdraw your funds before the maturity date this will incur a charge. Once this ISA has been removed from sale, you have 14 days to complete saved applications and a further 14 days to make a subscription. Interest is calculated daily and credited to the account annually and at maturity. UK resident only. Applicants must be 16 to apply. 18 to apply online.

Full T&C’s here (link opens in a new tab). Please see making withdrawals section.


Issue 44

1.3% tax-free p.a./AER - Jump to footnote [1] until 31st May 2019

Find out more about Issue 44

Issue 45

1.6% tax-free p.a./AER - Jump to footnote [1] until 29th May 2020

Find out more about Issue 45

Footnotes

[1] Tax-free means interest payable 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.

[2] Unless you tell us otherwise on maturity, the Cash ISA - fixed rate bond will be re invested into a new Cash ISA - fixed rate bond of a term closest in length to your original Cash ISA - fixed rate bond term. We will write to you with details of the available options before maturity.

Important information

Anyone aged 16 years or over is eligible to apply for a Cash ISA, must be resident or ordinarily resident in the United Kingdom and hold a National Insurance number (If you do not know it, you should be able to find your NI number on a payslip, form P45 or P60, a letter from the HM Revenue & Customs, a letter from the DWP, or pension order book). If you do not have a National Insurance number please call us to discuss.

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 free from UK income tax and capital gains tax, provided all ISA conditions are met.

ISA subscription limits (2018/2019)

The overall ISA limit for 2018/2019 is £20,000 with customers having the option to save all or some of their full allowance in cash, subject to the overall annual maximum amount of £20,000.

Suitable for ISA transfers

If you already have ISAs with Yorkshire Bank or any other provider, you can transfer them to one of our Cash ISAs at account opening.

  • You can transfer any amount of previous tax years’ subscriptions or;
  • If you are transferring subscriptions from tax year 2018/19 they must be transferred in full and will be subject to the overall annual maximum limit of £20,000.

Keeping track of your savings

After the Cash ISA Fixed Rate Bond has been removed from sale and the funding period has ended, we will issue a statement to show the amount of your investment. If you register online for internet banking you will be able to see the current balance at any time throughout the term of your Cash ISA Fixed Rate Bond.

Making withdrawals

The Cash ISA fixed rate bond is designed for savers who don't need to access their funds before the stated maturity date. If you withdraw your money before that date, you will have to pay an early withdrawal charge based on the number of days to maturity, and the account will be closed. Full details in the Withdrawals section of the terms and conditions.

Days to Maturity Early Repayment Charge
1-91 45 days’ interest
92-181 90 days’ interest
182 -273 135 days’ interest
Above 273 180 days’ interest

Compare our range of savings products

Make sure that a Cash ISA Fixed Rate Bond is a good match for you.

Compare all our savings accounts

Issue 44 - Summary box

Account name Cash ISA Fixed Rate Bond 44 - Maturity date 31st May 2019. Subject to availability.
What is the interest rate?
Balance Gross Rate (%) AER (%)
£2,000 and over 1.30 1.30

Interest is calculated on a daily basis and is credited to the account annually and at maturity, or on account closure.

Can Yorkshire Bank change the interest rate? No. The interest rate is fixed when you open the Cash ISA Fixed Rate Bond.
What would the estimated balance be at maturity based on a £2,000 deposit?
Term Initial deposit at account opening Balance at the end of the term
13 months £2,000 £2,028.17

This is only an example and does not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rates and tiers.
How do I open and manage my account?

The account can be opened online, in branch or by phone on 0800 028 3632.

You must be aged 16 or over. 18+ online.

Minimum deposit required to open and maintain this account is £2,000. The overall ISA limit for 2018/2019 is £20,000.

Can I withdraw money?

You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before Maturity, a charge will be payable. The charge is dependent on the number of days to Maturity; further details can be found in the Terms and Conditions. Please note following the closure of a Cash ISA Fixed Rate Bond account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. 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 of amount withdrawn from your investment.

Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

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

Issue 45 - Summary box

Account name Cash ISA Fixed Rate Bond 45 - Maturity date 29th May 2020. Subject to availability.
What is the interest rate?
Balance Gross Rate (%) AER (%)
£2,000 and over 1.60 1.60

Interest is calculated on a daily basis and is credited to the account annually and at maturity, or on account closure.

Can Yorkshire Bank change the interest rate? No. The interest rate is fixed when you open the Cash ISA Fixed Rate Bond.
What would the estimated balance be at maturity based on a £2,000 deposit?
Term Initial deposit at account opening Balance at the end of the term
24 months £2,000 £2,064.00

This is only an example and does not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rates and tiers.
How do I open and manage my account?

The account can be opened online, in branch or by phone on 0800 028 3632.

You must be aged 16 or over. 18+ online.

Minimum deposit required to open and maintain this account is £2,000. The overall ISA limit for 2018/2019 is £20,000.

Can I withdraw money?

You cannot make part withdrawals from your Cash ISA - Fixed Rate Bond. If you choose to close or transfer your account before Maturity, a charge will be payable. The charge is dependent on the number of days to Maturity; further details can be found in the Terms and Conditions. Please note following the closure of a Cash ISA Fixed Rate Bond account where the funds have not been transferred to another ISA, the funds will no longer be eligible for the tax benefits of an ISA. 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 of amount withdrawn from your investment.

Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

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

How do I open a Cash ISA Fixed Rate Bond?

How do I open a Cash ISA Fixed Rate Bond?

You can open an Cash ISA Fixed Rate Bond online, at your nearest branch or by phone on 0800 028 3632 (Mon to Fri 8am - 8pm, Sat 9am - 5pm. For your security, calls may be monitored or recorded).

How do I deposit into my Cash ISA Fixed Rate Bond?

How do I deposit into my Cash ISA Fixed Rate Bond?

  • You can deposit funds into your account at any branch.
  • Payment from your Yorkshire Bank account:
    • If you are registered for internet banking, you can make a payment into your account using the funds transfer option.
    • If you are not registered for internet banking, you can register online then complete your payment using the funds transfer option.
  • Payment from an account with another provider:
    • You can make a payment directly from another bank account as long as you have the sort code and account number of your new Cash ISA Fixed Rate Bond. These will appear on the screen at the end of your application. If you have forgotten them, please give our team a call on 0800 028 3632.

Transfer funds from another ISA account

Ready to Apply?