Single Access eISA

What is the interest rate?

AER helps you compare between accounts. It's the rate of interest if it was paid and added each year.

The interest rate is variable and can go up or down.

We work out your interest daily. It is paid on 31 March each year.

Can Yorkshire Building Society change the interest rate?

Yes, we can change the interest rate up or down. We will let you know if this happens.

The reasons why we could do this and how we will let you know, are in the General terms and conditions. You can find them in the "Interest, charges and changes" section.

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

£1,043.50

We have based this on:

• the deposit added the day you opened the account
• the interest rate staying the same
• no money being taken out
• no extra money added in.

How do I open and manage my account?

To open this account you must be:

At least 18 years old and one of the following:

• a UK resident for tax purposes
• a qualifying Crown employee
• married to or in a civil partnership with a qualifying Crown employee.

How much can I save?

You can save from £1 up to the maximum ISA allowance. For the 2024/2025 tax year, this is £20,000. A tax year runs from 6 April one year to 5 April the following year.

Can it be a joint account?

No.

How do I open this account?

You can open it online.

Can I transfer existing ISAs into this one?

• If you want to transfer ISA savings from the current tax year, you must transfer the full balance.
• If you want to transfer ISA savings from previous tax years, you can transfer the full balance or part of it.

Please check the terms and conditions of the ISA you're transferring from, in case there are any withdrawal restrictions or charges.

Please make sure you transfer your savings using an "ISA transfer" process. If you make the payment yourself, your money will lose its tax-free status.

For more information, have a look at our guide to transferring Cash ISAs.

Can I open more than one?

No.

How can I manage my account?

You can manage your account online or on our mobile app.

Can I withdraw money?

You can withdraw money from this account on any 1 day a year, starting from the day you opened it. For example, if you opened the account on 2 May you have until 1 May the next year to make your withdrawal.

This ISA is flexible. This means you can withdraw money from your ISA account and pay it back in later. It will not affect your annual allowance, if it's done in the same tax year.

For security reasons, you cannot withdraw money for the first 14 days after you open the account.

If you make a withdrawal using CHAPS, there will be a fee.

To keep your account open, you need at least £1 in your account.

You can close your account at any time.

Additional information

Tax

ISAs are tax-free so the interest earned on an ISA doesn't count towards your Personal Savings Allowance (PSA). The PSA is the amount of interest you can earn without paying tax.

Whether you need to pay tax depends on your personal circumstances so could change in the future.

Paying into your Cash ISA

You don't have to pay into your Cash ISA each tax year.

With YBS, you need to complete an ISA declaration form if:

• you didn't pay into your Cash ISA in the previous tax year
• and you want to pay into it in the current tax year.