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

miller

Has anyone successfully received an activiation code in the post for online access (not that useful as you cannot withdraw/give notice online)?

I had to call and get it sent out a "second" time.

ScoobyZ

miller wrote: »

Has anyone successfully received an activiation code in the post for online access (not that useful as you cannot withdraw/give notice online)?

I had to call and get it sent out a "second" time.

They said I couldn't have an online account for isa only

colsten

Switch one of your current accounts to them, they currently pay you £150 for that.

https://forums.moneysavingexpert.com/discussion/5115472

ScoobyZ

colsten wrote: »

Switch one of your current accounts to them, they currently pay you £150 for that.

https://forums.moneysavingexpert.com/discussion/5115472

Ahh just switched all my accounts and closed the old ones to high interest current accounts.

archer123

I tried to transfer my ISA to Clydesdale (2%) in October 2014. I got the confirmation letter with A/c number etc. Then nothing.
I tried calling - always busy. Eventually got through, but they couldn't make any checks as to what had happened (wrong department!). They took all my details and said they would call me back. They didn't.
Wrote a letter. They didn't answer. Still waiting.
So don't bother with Clydesdale, it looks to me that their admin is all over the floor!

Eco_Miser

Vortigern wrote: »

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?

I don't know for certain, but I can see my fixed term ISA, and could see all other YB accounts I've had, while they were valid.

Replying to 3 month old post - might still be of interest.

MARTYM8`

archer123 wrote: »

I tried to transfer my ISA to Clydesdale (2%) in October 2014. I got the confirmation letter with A/c number etc. Then nothing.
I tried calling - always busy. Eventually got through, but they couldn't make any checks as to what had happened (wrong department!). They took all my details and said they would call me back. They didn't.
Wrote a letter. They didn't answer. Still waiting.
So don't bother with Clydesdale, it looks to me that their admin is all over the floor!

The Yorkshire process was fine for the same ISA - took two weeks but the transfer happened.

Maybe the English are just more efficient - just joking as I don't want to end up being reported to the police as per Katie Hopkins.

If you have a current account you can also see the ISA/savings accounts you hold with CB/YB assuming they all point to the same customer number.

Vortigern

Eco_Miser wrote: »

I don't know for certain, but I can see my fixed term ISA, and could see all other YB accounts I've had, while they were valid.

Replying to 3 month old post - might still be of interest.

MARTYM8` wrote: »

If you have a current account you can also see the ISA/savings accounts you hold with CB/YB assuming they all point to the same customer number.

My thanks to both of you. The info is still of interest.

Yorkshire_Pud

I was attracted by the 2% rate and phoned to fill in an application by a helpful friendly operator. So far so good.

Paperwork arrived for signing but half the info I was asked for over the phone was missing so had to fill in all these bits again, including 'Marketing Preferences'.

The promised pre addressed envelope for return of signed application was missing. All the paperwork is A4 b&w print low quality printed off from a computer. No money wasted on glossy leaflets or nice presentation here! Not a colour logo or anything coloured at all in fact over about 10 pages. The small print is vereeeeeey small indeed and very feint so hurts your eyes to read the T&C etc.

What I did find in the small print is that IF you make a withdrawal without giving the required 40 days notice which you do by letter or in branch if you can find one, (there's no printed form of course), you are charged a minimum of £30 or 40 Days interest whichever is highest on the entire balance of the account!:mad:

To reiterate 40 days interest equivalent charged on the ENTIRE balance so if in forced circumstances, say you had £30,000 in the account and withdrew £50 say without notice you would be fined, I mean charged £66.

That is outrageous. I've never heard of an account charging more than the interest on THE AMOUNT WITHDRAWN only, never on the ENTIRE balance. If you had £90,000 in the account didn't give notice and withdrew £50 it would cost you a charge of £198!!

Clearly an account to make sure you give 40 days notice on!

However because of this appalling unfair money grab I'm not willing to take the risk to get .5% more interest. Plus the above mentioned things.

The parent company National Australia Bank has made clear its intention to offload Yorkshire Bank and Clydesdale Bank and I can't help thinking that their operations are under resourced and staff have to give a cut price service. Nothing against the staff, the operator I spoke to was very good but its AA long time since I have seen such poor quality paperwork and almost a DIY method to make withdrawals or make further deposits.

For that reason(s), I'm out.:(

As this account is listed as a TOP ISA on this site I think the grossly inflated penalty charge/fine on any withdrawal without notice should be added to the product description!?

colsten

Yorkshire_Pud wrote: »

I've never heard of an account charging more than the interest on THE AMOUNT WITHDRAWN only, never on the ENTIRE balance.

It's not unusual but well done for reading the T&Cs and making your decision based on whether they meet your needs. Too many people never read T&Cs and then are surprised if the T&Cs apply to what they agreed to.

Yorkshire_Pud wrote: »

The parent company National Australia Bank has made clear its intention to offload Yorkshire Bank and Clydesdale Bank and I can't help thinking that their operations are under resourced and staff have to give a cut price service.

No cut price service at YB and CB - they are happily splashing out multiple £150s for people interested enough to switch current accounts to them.