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Yorkshire bs e-isa
ahfat41
Posts: 406 Forumite
Looking to open the above accounts. Pl can somebody explain these wordings for me.
T 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 Seems there is a penalty if money is withdrawn.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
T 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 Seems there is a penalty if money is withdrawn.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
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Comments
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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.
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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.1 -
I think I have understood it now it means I can make withdrawals 6 times a year without penalty. Senior moment and foggy brain.0
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