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Yorkshire bs e-isa

Looking to open the above accounts. Pl can somebody explain these wordings for me.
he Six Access Saver ISA account allows you withdrawals from your account, without losing any interest, on any 6 days per year based on the anniversary of the account opening date.  Seems there is a penalty if money is withdrawn. Not been able to ring and ask due to long queue. Thanks 

Comments

  • masonic
    masonic Posts: 29,646 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I'm not sure I could make it any clearer than as written. You can make penalty free withdrawals on any 6 days per year based on the account opening date.
  • refluxer
    refluxer Posts: 3,503 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    This is a limited access ISA - the terms you quoted tell you that you can withdraw money on 6 days during the year without any penalty, subject to their daily withdrawal limits. 

    If you think you'll need to access your money more often than 6 times during the year, then you'll be better off with an easy access ISA. The current best easy access ISA actually has a higher rate @ 0.56% (Charter Savings Bank), although this can change week to week.
  • ahfat41
    ahfat41 Posts: 406 Forumite
    Sixth Anniversary 100 Posts
    I think I have understood it now it means I can make withdrawals 6 times a year without penalty. Senior moment and foggy brain.
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