The amount you can save
You can invest from £10 up to the full amount of your existing TESSA-only ISA. No additional deposits are permitted.
Your investment in a TESSA-only ISA does not affect your entitlement to other investments under the ISA scheme.
Withdrawals
There is no restriction on the number of withdrawals you can make - and no notice is required. There is no charge and interest is earned up to the day immediately before the withdrawal. The minimum withdrawal is £10.
Receiving Interest
AER is guaranteed not to be more than 1% below the Bank of England's Base Rate. Interest is paid annually on 31st March. There is no need to provide details of interest earned on your Variable Rate TESSA-only ISA on your tax return.
Changing your mind
If, within 14 days of the date we receive your application, you decide you don't want to continue with the account, you may close your account without notice or loss of interest. Interest will, however, be earned subject to tax. Your interest will be sent to you within 7 days and you will be able to invest with another ISA provider.
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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, credit cards, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
