2% 'Almost' Easy Access 40 days notice (amounts over Ј24k)

A question about : 2% 'Almost' Easy Access 40 days notice (amounts over Ј24k)

Credit to Libra10 for spotting this, worthy of its own post for those thinking of moving from FirstDirect when they change the rates in about 6 weeks.

Cash ISA 40 Day Notice

https://www.ybonline.co.uk/personal/s...40-day-notice/

Amount of savings

Tax free++ / AER+ rate (%pa)
Ј24,000 and over 2.00%
Ј9,000 - Ј23,999 1.50%
Ј1 - Ј8,999 1.00%

Seems a good deal if you can give 40 days notice.

Best answers:

• I'm still undecided between this ISA and Yorkshire Building Society's 2% (one year) fixed-rate bond.
  Will have to decide this week
• Good spot. I do have over Ј24k in a first direct ISA, which is due to drop from 2% to 1.5% in October. Just a slight shame that this one is not available online.
• Oh, thanks so much for that! I have Ј25k in a FD ISA with the lowering interest rate. I don't want to tie it up because I have been dithering over an extension for years (queen of procrastination) so will need the money at fairly short notice when/if we ever get round to it.
  But in the meantime - that's perfect and probably unbeatable in the current market!
• The only problem I see with this account is that the rates were last changed 1st dec 2013....so could they possibly lower their rates in a mere few months (like everyone else has!)
  Quite possible....not sure if worth the gamble. I might take my FD cash to the other yorkshire establishment!
• Another option for those of you that don't live near a yorkshire building society (as it has to be opened in branch) is the chelsea building society e-isa.....basically identical to the yorkshire building society one (i believe they are affiliated) but you can open this ONLINE.
  https://www.thechelsea.co.uk/savings/...-31082015.html
• 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!
• 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!
• Yorkshire Bank is a trading name for Clydesdale Bank plc, and a subsidiary of the National Australia Bank group of companies.
  https://www.ybonline.co.uk/about-yorkshire-bank/
• Sorry - me again!!
  I am going to transfer approx Ј20k 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 (Ј10) then bank transfer from my savings account Ј14,990 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!!
• 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.
  https://www.ybonline.co.uk/personal/s...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.
• Thanks once again for your advice!
• 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.