Savings
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30 Day Notice ISA (Aug 06)

If you want to try and avoid the temptation of dipping into your savings, then our 30 Day Notice ISA could be a great option for you. It offers you a choice of how to access your savings and has a variable interest rate with an interest rate guarantee.

Key Features:

  • Attractive interest rate including bonus for the first year that the account is opened
  • No tax to pay on your interest
  • Open your ISA with as little as £10
  • Save from £10 to £3,600 each tax year
  • Tax-free interest rate guaranteed not to be more than 1% below the Bank of England Base Rate
  • Annual or monthly interest rate option available*

Receiving Interest

The AER excluding bonus, on 30 Day Notice ISA is guaranteed not to fall more than 1% below the Bank of England?s base rate. Any change in your interest rate will become effective within 30 days of publication of any change in the Bank of England base rate.

Because of the tax-free nature of Cash ISAs, the interest rates are very attractive. And with 30 Day Notice ISA, we also guarantee that the AER will not fall more than 1% below the Bank of England Base Rate. Interest is calculated daily, based on the balance in your account and is paid on 31 March each year.

You do not have to provide details of interest earned on your 30 Day Notice ISA when completing a tax return.

Accessing your money

30 Day Notice ISA is designed to help you plan ahead with your withdrawals to avoid the temptation of dipping into your savings, yet it offers the reassurance of being able to access your money in an emergency. If you choose to give your branch or agency 30 days? notice of a withdrawal, and the amount you wish to withdraw, you can access your money in 30 days? time without loss of interest. However there may be some situations when you need your money more quickly. Therefore, you can access your savings without notice, subject to the loss of 30 days? interest on the amount withdrawn. The minimum you can withdraw is £10.

Interest

You have a choice of annual or monthly interest, but as monthly interest cannot be added to your account, the way to maximise your tax-free savings is to choose to have annual interest added to your account. Annual interest will be added to your account on 31 March each year.

Monthly interest is available if you want to take an income from your savings and want your ISA to form a part of your monthly interest portfolio. Monthly interest is paid on the last day of each month and must be transferred to another Yorkshire Building Society account or to another building society or  bank account. Only annual interest can be added to your 30 Day Notice ISA.

Choose from the following:

* Interest is calculated on a daily basis and will be added to your account on 31 March each year. Alternatively you can choose to take a monthly income from your account. Monthly interest is paid on the last day of each month and must be paid to a bank or another building society account. Therefore, to maximise your tax-free savings you should choose to have annual interest added to your account. Monthly interest is available as some investors take an income from their savings and want their ISA to form part of their investments portfolio.

Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.

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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).