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After your Cash ISA is set up, you can manage the account online, giving you a simple way to make transactions and check your balance and interest rate. Once you’re ready, you can apply online through the YBS website, in a branch, or by calling 0345 1200 200* to request an application pack. You can transfer your existing ISA savings from previous years into your Fixed or Variable Rate ISA, though you can only subscribe to one Cash ISA in a single year. Your Cash ISA must be held in your name only.

Crown employees, or those married or in a civil partnership with a Crown employee, may also qualify.

You must be a UK resident for tax purposes.

To get a Cash ISA with YBS, you’ll need to meet the eligibility criteria. You may not be able to withdraw any money during the ISA term, you might be able to withdraw a certain number of times, or you might be able to take money out as many times as you like. You have a choice of a Fixed Rate ISA, which has a consistent interest rate for a set amount of time, or a Variable Rate ISA, where the interest rate can change.Ī Cash ISA has rules on how often you can make withdrawals.

With a Cash ISA, you can earn interest annually (paid out once a year) or monthly. What is a Cash ISA and how does one work?Ī Cash ISA (Individual Savings Account) is a type of savings account that lets you earn tax-free interest on the money you save.