Improvements to our ISAs

Earlier in 2017, a number of positive changes came into effect impacting our ISAs.

Increased savings limits

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.

Flexible 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 Within a Cash ISA this means that you can choose to replace any savings that you have withdrawn from your Cash ISA without it counting towards your annual ISA allowance.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.

Help to Buy: ISA

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.

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