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e-ISA - Issue 4

Open the e-ISA - Issue 4 online.


Earn tax-free interest with an online cash ISA that puts your savings at your fingertips - check your balance, interest rates and view transactions on your account online whenever you wish.

Key Features

  • This is a Flexible Cash ISA
  • Save some or all of your annual ISA allowance in this account
  • Pays a variable** rate of interest
  • Interest is paid tax-free†
  • Unlimited withdrawals but closure will result in loss of tax-free status, other than transfers to another ISA
  • Interest paid annually


tax-free† p.a./AER* variable**

Summary Box

Account Name e-ISA - Issue 4
What is the interest rate?

Current rates - Effective 14 December 2017

This product pays a variable rate of interest of:


Tax-free† p.a. AER*
0.75% 0.75%

Whether you need to pay tax is dependent on your own personal circumstances and so may be subject to change in the future.

† Tax-free means that Interest is not subject to income tax.

* AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

** Variable rate of interest means that the interest rate payable on your account can change and can move both up and down.


Payment of interest

  • Interest is calculated daily on cleared balances
  • Annual interest is paid on 31 March. It can be paid into the e-ISA - Issue 4 account, another Yorkshire Building Society account or another building society or bank account

Can Yorkshire Building Society change the interest rate?

We can make changes to the interest rate on this account for particular reasons. General Terms and Conditions (390 KB) 7 and 8 set out those reasons. Term 11 tells you how we will notify you of the changes.

What would be the estimated balance after 12 months based on a £1,000 deposit?

After 12 months your balance would be £1,007.50.

We have worked this out assuming a £1,000 deposit is made on account opening, no further deposits or withdrawals are made throughout the 12 months, the interest earned is added to the account and no changes made to the current interest rate.

This is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

You have to be at least 16 years old. You must be a UK resident for tax purposes, or be a qualifying Crown employee or married to, or in a civil partnership with a qualified Crown employee. The account can only be held in your name. You may only subscribe to one cash ISA in a single tax year.

Account opening and management
Accounts can be opened here online at ybs.co.uk with a minimum of £10.

You will be able to check your balance, interest rates and view transactions on your account online whenever you wish.

The maximum balance is £20,000 for 2017/18 ISA allowance plus previous years’ ISA transfers. Please check with your existing provider if any charges are applicable on transfer.

Deposits for the current tax year’s ISA allowance can be made at any time. External transfers for any used ISA allowances, including both previous years’ and current years’ subscriptions are permitted.

Transferring your ISA

You can transfer some or all of your money saved in previous tax years into a Cash ISA and/or Stocks & Shares ISA and/or Innovative Finance ISA and/or Lifetime ISA without affecting your annual allowance, subject to the product terms of your account. During the 2017/18 tax year only, those who already have a Help to Buy: ISA and held money in that account before 6 April 2017 will be able to transfer this money into a Lifetime ISA without affecting the Lifetime ISA annual contribution limit of £4,000.

You can also transfer money saved in a Cash ISA for the current tax year into a different ISA with the same or a different provider, although you can only hold one of each type of ISA for each tax year. You must transfer the whole amount saved in the current tax year. During the 2017/18 tax year only, money paid into a Help to Buy: ISA on or after 6 April 2017 can be transferred into a Lifetime ISA and will count against the annual contribution limit of £4,000. Transfer charges may apply, please check with your existing provider. Do not transfer any ISA balance yourself otherwise you’ll lose your tax benefits.

Can I withdraw money?

The e-ISA Issue 4 allows unlimited withdrawals (minimum £1) without loss of interest.

Flexibility means that savings withdrawn from this Cash ISA can be replaced in the same tax year without counting towards your annual ISA allowance. Please note that the tax year runs from 6 April to 5 April the following year. Please be aware if a withdrawal is made from the account by CHAPS a charge of £23.50 will be incurred. Proof of name ID will be required.

For security reasons, online withdrawals are not available for the first 14 days after your account has been opened. After 14 days withdrawals can be made from your account at anytime on condition that there are sufficient cleared funds in your account and that you maintain the minimum balance of £10.

Additional Information

Interest earned from your ISA is tax-free and does not contribute to your Personal Savings Allowance.

If you fail to invest in your Cash ISA in a single year, under HM Revenue and Customs rules you will be required to complete a declaration form before you can invest further.

We will generally communicate with you via email. It is very important that you notify us if your email address changes. You can change your contact details (postal address, e-mail and telephone) when you are logged in. To change your name you will need to write, enclosing proof of change to Yorkshire Building Society, Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.


How to apply

It's important that you read the Product Terms (158 KB) together with our General Terms and Conditions (390 KB) and Fees & charges (85 KB) before you decide to open an account. The General Terms and Conditions explain that in certain circumstances we can make changes to the interest rate, terms, and charges relating to the account, and how we will communicate them to you.

Please note, on the 13th January 2018 our General Terms & Conditions are changing and the changes will apply to you. Before that date you are subject to the general terms and conditions in place above.

To find out more about these changes and to view the new terms & conditions, please view our customer information page.

Please also refer to the FSCS Information Sheet (108 KB) .

When you apply for an online account with us, we’ll need to verify your identity and address . Please note, you will need your National Insurance number when applying.

For security reasons, online withdrawals are not available for the first 14 days after your account has been opened.

Apply online

Complete our simple, straightforward application form


If you feel you need additional support before applying for this account, please call us.

0345 1200 300*
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ISA Transfer

Transfer an existing ISA to an e-ISA – Issue 4


First complete an Internal ISA Product Transfer Application Form (76 KB) and send together with your account passbook/certificate (if applicable) to:

Savings Service - Product Transfer
Yorkshire Building Society
Yorkshire House
Yorkshire Drive


Please allow up to 5 working days for us to process your application once it has been received. We will then write to you to confirm your existing ISA has been transferred to our e-ISA – Issue 4


If you don’t already use our online services, you’ll need to register to manage your e-ISA – Issue 4 account online

Transfer an ISA with another provider to an e-ISA – Issue 4


Complete an online application


Select the option to transfer your existing cash ISA


Please allow up to 15 days for your current provider to send your funds by cheque. Once we’ve received the cheque, we’ll write to you to confirm the funds have been added your new e-ISA – Issue 4 account

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