Easy Access Isa

[clipclop1]

I'm looking to (finally) open up an ISA and when I've been looking I've become very confused with the language they use in their breakdown of the cover...

For example, when they say, 'benefit from an attractive tax free* variable interest rate, providing you make no more than 2 withdrawals per tax year'. does that mean ANY withdrawl or do they mean if you happen to withdraw the whole amount (or the majority of your amount)?

I want an Easy Access ISA as I will, most probably, be withdrawing by the end of the year for a new house but any other advice would be gratefully received!

[craft1948]

Santander's seems to be the flavour at the mo............

[gingejbee]

Santander.......pass!

Next...

[Old_Geezer]

If you withdraw the whole amount then there's none left for a second withdrawal.

I suspect they mean any withdrawal since you can't put back, all withdrawals gives a reducing balance in your ISA.

Easy Access Isa, I'm sure I knew her at secondary school.

[Sipowicz]

Dirty boy!

[ubasses]

Any interest earned on an ISA is Tax Free, and they are leaving open their options to change the rate (variable rate) at any time. If they are offering an above average rate they do not want people using it as an easy access account and are restricting you to a maxium of 2 withdrawals in each tax year of any amount. If you put the maximum amount in a cash ISA you cannot pay any further funds in to cover withdrawals you have made.