From 6 April 2017, the total annual savings limit for ISAs increased to £20,000. Customers are now able to split the amount paid into a combination of a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA and a Lifetime ISA, up to the new overall annual limit. YBS offers Cash ISAs.
There’s good news for customers saving in our Cash ISAs; all our easy access variable Cash ISAs now have flexible functionality which gives savers improved access to their savings. Within a Cash ISA this means that you can choose to replace any savings that you have withdrawn from your Cash ISA without it counting towards your annual ISA allowance.
Withdrawals can be made from savings that you have made in both the current and previous tax years. If you choose to repay these savings you must do so in the same tax year that the withdrawal was made. It will not change any other terms and conditions e.g. any withdrawal restrictions that are currently applicable.
This is a real improvement for customer as not all ISA providers offer this functionality - check out ybs.co.uk for more information.
We are pleased to offer the Help to Buy: ISA amongst the range of products and services we offer to help first time buyers. This product allows eligible customers to apply for a Government bonus dependent on the size of their savings, to help assist them in purchasing their first home.
We have already helped a number of customers fulfil their dream to purchase their own property and we hope to help many more in the future. Further details can be found here along with details of the scheme rules.
We’re continuing to build on the success of our apprenticeship scheme
Our colleagues volunteer their time in schools to improve young people’s financial education.
Colleagues swap their beds for sleeping bags to raise money for End Youth Homelessness.
The way consumers use financial services is evolving, leading to some necessary changes for us to meet our customers’ changing needs.
Hundreds of our colleagues take on our Peak District challenge for End Youth Homelessness.
We’re working towards our ambition of creating an inclusive work environment, where all colleagues can contribute to the Group’s success.
We are supporting homeless young people this Christmas as part of our charity partnership with End Youth Homelessness (EYH).
With EYH, we have housed 15 young people since launching in June.
Building on the success of our apprenticeship scheme, we’ve opened 24 new positions across 10 different business areas.
We are proud to have been a double winner at the Third Sector Business Charity Awards 2016.
Our six Savings Pledges reflect how we believe savings institutions should behave.
Over 1,300 solar panels installed at our Bradford and Peterborough offices .
Everyday Thanks was launched in September 2015 as part of our Group’s 150th birthday.