2% 'Almost' Easy Access 40 days notice (amounts over £24k)

eviekins

Has anyone opened this ISA?
I'm confused by the application form...
Section 3. Payment details
'By completing this form you confirm that you wish to subscribe to a Cash ISA - 40 Day Notice for the tax year 2014/2015, and each subsequent year until further notice.'
It then asks for the lump sum subscription, but does this mean it will take that same lump sum and deposit it to the ISA each year as I don't wish to do that.
It also doesn't mention transferring your old ISA on the application form?
Thought I'd just check with you wise people! Thanks in advance for any help!

Vortigern

eviekins wrote: »

Has anyone opened this ISA?

I assume you mean the Yorkshire Bank 40-day notice cash ISA. I mention this because others have confused this with the Yorkshire Building Society products.

I'm confused by the application form...
Section 3. Payment details
'By completing this form you confirm that you wish to subscribe to a Cash ISA - 40 Day Notice for the tax year 2014/2015, and each subsequent year until further notice.'
It then asks for the lump sum subscription, but does this mean it will take that same lump sum and deposit it to the ISA each year as I don't wish to do that.

It will take the lump sum once only, either by transfer from another YB account, or by cheque. There's a bit further down for regular payments (optional)

It also doesn't mention transferring your old ISA on the application form?

There's a different form, which includes transfers, at the following page:
http://www.ybonline.co.uk/personal/savings/tax-efficient-savings/transfer-your-existing-isa/

eviekins

I've been looking at transferring to this account for a while now but I've just realised that today I was somehow on the Clydesdale banks page rather than Yorkshire, but it looks like its the same 40 day notice ISA - I take it the two banks are linked?
Thanks for your help regarding the lump sum and transfers Vortigern!

libra10

Yorkshire Bank is a trading name for Clydesdale Bank plc, and a subsidiary of the National Australia Bank group of companies.

http://www.ybonline.co.uk/about-yorkshire-bank/

eviekins

Sorry - me again!!
I am going to transfer approx £20k from my current ISA.
Regarding the lump sum, can I just write a cheque out from my current account for the minimum lump sum amount (£10) then bank transfer from my savings account £14,990 once the ISA is open?
Or would you just take 15k out of savings and put it in your current account and then just write out a cheque for 15k as the lump sum?
As you can't access this account online, do they send you any notification in the post that they have received the funds ok? I'm not used to not having online access to accounts!
Sorry if this is another numpty question, but I like to double check things with you clever people first!!

Vortigern

eviekins - I don't actually have one of these accounts, but the page below suggests you can pay in by various methods, including standing order.

http://www.ybonline.co.uk/personal/savings/tax-efficient-savings/top-up-your-cash-isa/

If you can pay in by standing order, the account must have a sort code and account number, and you should therefore be able to pay in by faster payment from any current account.

I would try a small payment first, to ensure that it works.

eviekins

Thanks once again for your advice!

ScoobyZ

I have one of these accounts.

I filled in two forms, but realise I only needed to send the second one to transfer a balance.

You get a letter saying transfer in process. Then another saying total amount received.

I called to see if I could see account online and they said no (Online setup requires a debit card).

I will just get paper statements once a year with the interest.

Vortigern

ScoobyZ wrote: »

I called to see if I could see account online and they said no (Online setup requires a debit card).

If I had a YB current account with a debit card and online access, would I be able to see this ISA online?

Does anybody know?

gowgowuk

After filling my transfer form (to the Clydesdale 40 days Notice), I tried to call them to ask a few question. Got the "sorry we are busy and cannot take you call right now, please try again later". For a telephone-operated ISA, it's not really reassuring. I think I'm changing my mind....