Compare Yorkshire Bank ISAs
Compare ISAs from Yorkshire Bank and other ISA options available.
Investment ISAs put your capital at risk & you may get back less than you originally invested
- Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds
- Invest From: £25 pm
Why we like it: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading. Capital at risk.
- Fund Choice: Offering commission-free DIY investing from a choice of 700 ETF's, or low-cost professionally managed income or growth portfolios built for you
- Invest From: £100
Why we like it: Make the most of the world’s best ETFs commission free. Build your own portfolio commission free or leave it to our experts for just 0.25%. Zero‑ISA fees. Choice of 700+ ETFs. Low cost, diversified, index-tracking of stock markets, bonds and commodities. DIY or Managed. ETF costs apply. Capital at Risk
- Fund Choice: Over 12,500 investments, or a choice of five managed funds
- Invest From: No minimum
Why we like it: Take charge of your investment decisions and invest from just £1 to build your investment portfolio from over 12,500 investments, from stocks and shares, funds, ETFs and more. Low platform fee is a maximum 0.30%. Alternatively choose an expertly managed portfolio by selecting from a range of five actively managed funds that most closely matches your investment objectives and risk appetite with an annual review to ensure to ensure your money is being managed in a suitable investment strategy. Advice is restricted to Charles Stanley Direct’s in-house funds and is subject to a minimum investment £20,000. Capital at risk.
- Fund Choice: Nutmeg offer 5 investment styles with ETFs, using technology to keep charges low
- Invest From: Min. £500
Why we like it: Get a stocks & shares ISA portfolio – Choose one of five investment styles, either fully managed by Nutmeg’s expert team or a fixed allocation portfolio. No tie-ins, no set-up fees, no exit charges. Easy, online set up. Start with as little as £500. Portfolio management fees of 0.45%-0.75% up to £100k. 0.25%-0.35% beyond £100k. There are also underlying investment charges, see the fees page. Plus, live chat, amazing customer support and brilliant investor tools and guides. Nutmeg are regulated by the FCA & are covered by the FSCS. ISA eligibility and tax rules apply. Capital at risk. Approved by Nutmeg 09/08/2024
- Fund Choice: Invest in over 2,000 funds, shares and more across 25 markets
- Invest From: £25 pm
Why we like it: Invest in over 2,000 funds, shares and more across 25 markets. Invest from £25 per month. Which? Recommended Provider for Investment Platforms 2019–2023. Low-cost online dealing from £3.50. Open your account in minutes from app or website, manage your portfolio on the move. FSCS protected. Capital at risk
- Fund Choice: 10 managed portfolios to choose from. Choose your risk profile and have an investment Plan built and managed for you
- Invest From: £1
Why we like it: Choose your level of risk from cautious to adventurous and have a plan expertly created and managed for you. Create multiple Plans – including Ethical Plans – with different risk levels. Invest as little or much as you like, add regular payments and top up whenever you like. Withdraw money or transfer out without notice or penalty fees. Wealthify app lets you check how your Plan is performing, manage your transactions and provide investment news and insights. Simple annual management charge of 0.6%
- Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term
- Invest From: £30 pm
Why we like it: You don’t have to make any tricky investment decisions; your money will be invested in Shepherds With Profits Fund, and the bonuses you could receive will depend on the future performance of the fund. To try to achieve higher returns for you, your money is invested in a variety of assets, the majority of which consist of stocks and shares, but also property, bonds and cash. While returns are not guaranteed in stocks and shares investments and the value can go down as well as up, Shepherds apply a process known as ‘smoothing’ that attempts to even out fluctuations in the value and aims to keep a consistent level of bonus payments. Capital at risk.
- Fund Choice: Choose from a range of 36 funds and ETFs and 20 US stocks. Select one of three simple starting options with a range of tracker funds or build your own investment portfolio by customising your investment options
- Invest From: £1
Why we like it: Choose from a range of 36 funds and ETFs and 20 US stocks to invest with Moneybox. Earn 3.5% AER Variable on any uninvested cash you hold. There are additional fees charged directly by the fund provider. Please check the key investor information document (KIID) for a particular fund for more information. Keep things simple and get started with one of our three starting options: Cautious, Balanced or Adventurous – and customise your investments to align with your values. Open with as little as £1. When investing, your capital is at risk
- Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio
- Invest From: £25 pm or £100 lump sum
Why we like it: Hargreaves Lansdown are the UK’s no. 1 investment platform for private investors – kickstart your investing with their award-winning ISA. Choose your own investments with expert research and ideas to help you, or simply pick a ready-made portfolio. Manage via website, app or phone. Capital at risk.
- Fund Choice: TILLIT filter the market and select the best-in-class active and passive funds across asset classes, regions and styles
Why we like it: Let Tillett filter the market for you. From well-known classics to trailblazers and wildcards. No one needs 5,000 funds. Get breadth and variety, without the choice paralysis
- Fund Choice: Invest in 6,100+ US, UK & European stocks & ETFs commission-free
- Invest From: £2
Why we like it: Commission-free investing: No fees for buying or selling stocks (other charges may apply). Support: Fast and friendly customer support. A wide range of investments: 6,100+ US, UK, and European stocks, ETFs, and investment trusts. Low monthly fees: From £4.99/month. Capital at risk. Other charges may apply
- Fund Choice: Allocate your savings between a cash money market fund from L&G and investment shares fund from Fidelity
- Invest From: £10
Why we like it: App based stocks & shares ISA account. Choose to allocate your contributions between the two funds on offer in whatever proportion you choose: a shares fund (Fidelity Global Index fund) which aims to track the performance of global stock markets and therefore large companies such as Amazon, Facebook, Google and Johnson & Johnson, and a cash fund (Legal & General Cash Trust fund) which aims to provide returns in line with money market rates. Annual fee of 0.5% on the value of any investments. Two funds with their own management fees of between 0.12% and 0.15%. Change your allocation at any point. Option to opt into Round ups – collected from your bank by direct debit on a weekly basis and invested in line with your investment allocation
- Fund Choice: Invested in a single fund - the Unitised With-Profits fund. A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund
- Invest From: £10 pm o r £100 single
Why we like it: Invest from only £10 a month, lump sums from just £100 or a combination of both using your tax-free Investment ISA allowance. You can stop, restart, raise or lower your payments or your investments and cash in whenever you want. When you set up a My MoneyBuilder Select (ISA), your money will be invested in a single fund – the Unitised With-Profits fund. A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund. Remember the value of investments can go down as well as up, and you could get back less than you’ve paid in. If you cash in before the end of 5 years there will be a £50 deduction from your cash-in value.
- Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
- Invest From: £1,500
Why we like it: Answer questions about your goals, financial situation and attitude to risk, and Moneyfarm will recommend the right ISA portfolio for you, built and managed by experts to help your money grow. You’ll always be invested in a portfolio that’s suitable for you, and you can manage this through the Advice Centre. See what you’re invested in, how you’re performing and how much you’re paying anywhere and any time with the Moneyfarm app. Add money to your ISA by setting up a direct debit, investing a lump-sum, or by transferring old ISAs for free. Capital at risk.
- Trade From (frequent trader rate): £3.00
- Trade From (standard trader rate): £8.00
Good to know: Pay zero commission on US share trades, and just £3 on UK share trades, when you trade three or more times a month with IG. No admin or transfer fees. Custody fee of £24 per quarter, charged if you hold share dealing or ISA assets at the end of the quarter. Capital at risk. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider
- Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose
- Invest From: £25 pm
Why we like it: This award-winning ISA has an extensive range of investment options, including thousands of funds and shares, plus a guidance service to help you find investment ideas. There is a low service fee (typically 0.35%), easy online application process and apps to manage your money on the move. Additional charges apply depending on your choice of investments. Plus, everything is backed by Fidelity’s 50 years of investment experience. Boring Money Best Buy ISA 2023
Who are Yorkshire Bank?
Yorkshire Bank is a trading name of Clydesdale Bank, and the original company dates back to its establishment in West Yorkshire in 1859.
They have a large customer base across the UK and provide various banking services for personal and business clients.
They are now part of Virgin Money UK PLC, a leading UK banking group, so they no longer offer ISA accounts directly themselves.
What is an ISA?
An ISA account is a tax-free savings account that comes in two primary forms:
- Cash ISA
- Stocks and Shares ISAs
Many banks and building societies, like Yorkshire Bank, used to only offer Cash ISAs with fixed or variable interest rates. However, due to low interest rates since the 2007/8 financial crash, many banks now offer Stocks and Shares ISAs as a way for customers to invest in the stock market while getting the benefits of ISA tax-efficiency.
What are the tax advantages of an ISA?
Unlike regular savings accounts, ISAs are entirely immune from the below taxes:
- Capital Gains Tax on the growth of your investments
- Income tax on dividends from your stocks and shares investments
- Income tax on the interest generated from your cash investments
Depending on your income tax bracket and the sources of your earnings, you could pay a significant amount of tax by investing in a standard investment account instead of an ISA. Wrapping your investments in an ISA doesn’t really have any downsides other than a few limitations on what you can invest in, but there’s still plenty of options to choose from.
What can you invest in with an ISA?
Cash ISAs:
Cash ISAs allow you to invest in cash products that generate a variable or fixed rate of interest.
The interest rates you get vary depending on how flexible your ISA account is.
For example:
- An instant access Cash ISA usually has lower interest rates, but you can take money out any time, free of charge.
- On the other hand, a fixed-rate Cash ISA locks your investment for a number of months or years. You get better interest rates, but you are charged for withdrawing or transferring during your fixed term.
Stocks and Shares ISAs:
Stocks and Shares ISAs give you access to the entire stock market. Some Stocks and Shares ISA providers manage your investments for you, whereas some allow you to pick your investments yourself.
Here’s a list of the most popular investment choices:
- Shares
- Managed Funds (Unit Trusts, OEICs and Investment Trusts)
- ETFs (Exchange Traded Funds, or tracker funds)
- Bonds & GILTs
Picking your own ISA investment portfolio can be daunting, but most ISA companies provide research and insight to help you make your decision.
What are the ISA rules?
Before you invest in an ISA, make sure you’re familiar with the key rules of the accounts so you know what you can and can’t do:
- Your annual ISA allowance is £20,000 for the current tax year, meaning you can’t add more than this amount to an ISA
- Your annual ISA allowance is split across all types of ISAs. For example, you could contribute £15,000 to a Stocks and Shares ISA and £5,000 to a Cash ISA, but no more
- You can’t contribute to more than one Cash ISA or Stocks and Shares ISA in the same tax year
- You can contribute to more than one Cash ISA or Stocks and Shares ISA across different tax years
- You can transfer your existing ISAs to different ISA accounts and it won’t count as a contribution towards your ISA allowance
- You do not keep any unused ISA allowance into the next tax year
- Your ISA allowance refreshes every year on 6 April
Who can open an ISA account?
Anybody over the age of 18 who is a UK resident can open an ISA account. If you are under 18, a parent or legal guarding can open a Junior ISA account for you.
How do I open an ISA account?
Opening an ISA is quick and easy. You can do it online via your ISA provider’s website, and you’ll just need to provide some basic personal information.
Once you have set up your account and your online login and password, you’ll need to add money to officially open your ISA.
You can either make a debit card top-up online or over the phone, or you can set up a regular Direct Debit to pay in automatically every month.
You can also open an ISA account in the post with an application form and a cheque.
Frequently Asked Questions
How much can I contribute to an ISA?
The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.
When does the ISA tax year run to?
The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.
Am I committed to one ISA provider forever?
No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.
Are ISA accounts safe?
ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.
Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses.
Can I have a Joint ISA?
No, ISA stands for Individual Savings Account and must be solely owned for tax purposes.
Can I lose money in an ISA?
You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.
Can I withdraw money from an ISA?
For Cash or Stocks and Shares ISAs, yes, although some Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended.
Can I withdraw my dividends from my ISA?
Yes. Most providers allow you to have dividends automatically paid out to your bank account upon receipt. You can also have them reinvested automatically, too.
How do I withdraw money from my ISA?
Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.
How long does it take to withdraw from an ISA?
Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.
Will I be charged for an ISA?
A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.
A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.
Can I pay my ISA fees from my non-ISA investments?
Most providers will allow you to nominate your General Investment Account (non-ISA) to pay your ISA fees so that you are not wasting your ISA allowance on charges that could be paid from non-wrapped funds.