Yeah was always fine with my help to buy ISA. One month they cocked up a deposit & counted it as the day before when I sent it in the early hours. Causing my monthly limit to be exceeded. There was I thinking myself clever.
But they paid me £120 in compo as I called to confirm it would be ok after and they gave me the wrong information.
I get a nice sum back next month when YBS Loyalty Monthly Saver matures, but do hope they make another available as only get the 6% for less than a month 
I hope you get a nice surprise. I’m waiting for my YBS paperwork to arrive in the post. I see you can add funds by card as well, has anyone ever tried?
Having a look at Cash ISA’s. I have seen Cynergy offer 3.85% which is easily beating my Triodos one at 2.90%. I have it in an ISA as I will transfer it to an investment at some point next year. That said, I looked on the Cynergy site and it states that Triodos aren’t on the BACS ISA transfer scheme - some really small building societies are which makes it a surprise.
I would query it with Triodos but I have two queries with them outstanding already. Struggling to find the will to stick with them at present.
Does anyone have any experience with Cynergy? Are the Cyprus originated? Or am I mistaken
Yeah, it’s dead easy.
I recall it appeared quickly but does not earn interest until second working day, or that may be my Skipton account. I have used both for my Halifax Rewards debit card “spend”.
No experience of Cynergy.
Will give it a test run!
I’ve had several savings products with Cynergy, mainly ISAs, as you’ll have seen they often figure in the top few.
The login requires a bespoke authentication process which can be a real chore if for any reason you break it.
They also have a current account (for those who feel the itch coming on). All I can say on that front is “don’t bother”. It’s old school and makes First Direct onboarding appear lightning fast.
Comms is tortuous (but they’re nice folk). Yes Cynergy was once the Bank of Cyprus. It’s pretty much Irish-run now.
Setting up a standing order or future dated transfer will relieve some of the pressure off you. I do this and get confirmation text in the morning by around 8:30am.
They didn’t have that limitation when I opened last year October.
It will be visible within 24 hours after setting up nominated account. Do you already have the account number for Ford Money or you are still using the reference number for application?
Here’s an idiots question. If you open a cash ISA in a tax year but soon find it outstripped, can you open another a transfer in? Or does that count as opening a new one etc?
Guess if an initial deposit is needed that scuppers it.
Thanks for the info about Cynergy!
I’ve been moving the same Cash ISA fund around for months, keeping up with rate changes. So long as you perform the formal transfer process, you’re good to go.
It’s my experience that when opening a new Cash ISA, you’ll be asked how you want to fund it. You’ll not need to provide a separate initial deposit seperate to the transferred balance.
Bear in mind that whilst the rules are the same around protecting the isa envelope intact, some providers are strict about the transfer-in funding.
In some cases you MUST declare if the funds are purely transfers-in at the outset - you can’t perform the transfer down the road.
Some will allow subsequent additional deposits - others won’t.
Just don’t draw the ISA funds out to move them elsewhere. People do 
.
And don’t do any of this late at night…… (I speak from experience……
).
I used the temporary reference for the initial £1 deposit but then I got the email with my proper customer ID which I used to make the large transfer with. Obviously, I’ve received nothing by post yet so I can’t verify my nominated account because I don’t have a code from Ford Money.
It’ll all be sorted in a few days I suspect. In the meantime. I can put money in if I want. I don’t use Standing Orders much at all for anything. I just chuck money into savings when I have the spare to do so.
From memory, I think they send a code in the past which you need to enter, before they enable withdrawals.
Very interesting! I suppose I misinterpreted this wording:
“Every tax year you can put money into one of each kind of ISA”
As meaning you can open one type of ISA per tax year. So really you can open and close as many as you like so long as you don’t fund them? I think the only stipulation is for ISA’s contributed to this tax year you have to transfer in full?
Annoyingly I was looking at Cynergy but they don’t include Triodos on their list of transfers in! YBS have a competitive ISA rate so I could go with them instead as I recently opened an instant access with them too.
I assume then the same logic applies to stocks and shares ISA’s? E.g you could transfer over one you paid into this year with a new (or old) provider in the same tax year?
The process is the same, but comparing returns won’t be so straightforward, of course.
If you don’t fund them, they won’t affect your portfolio, though I’m not sure I’d be opening ISA accounts the way I might do easy access savers.
Keep a clear head with ISAs 
I see what you mean, so you can open them and HMRC won’t give a damn. But if you topped them up they would.
Likewise you can open one in month x and transfer, month y and transfer again and this isn’t an issue.
But…unlike easy access savers where you keep multiple open to pick the best rates, you like your ISA transfers to go consecutively as above!
Thanks for the lesson
Went to open the YBS cash ISA and saw this, what say you?
You can only save into one Cash ISA at a time. You can also only open one Cash ISA in a year
Is it just poor wording?
Exactly that.
The rule is, you can open as many cash ISA as you like, BUT, you can only subscribe (pay in) to one in any tax year.
Pretty much. Read it as “open” = “starting afresh”. With an ISA, transferring is not opening - simply moving from one provider to another.m
Opening an ISA account would mean using new money not currently in an ISA envelope.
It’s only current year subscriptions that this applies to.
Money that has been subscribed in previous years can be spread around via partial transfers however you like.
So I opened the cash isa with Yorkshire. There is some ambiguous wording about not having opened another ISA this year but they confirmed on email that as long as the first one is closed via transfer it’s ok.
Triodos said they accept electronic transfers but when you select them on YBS list it forces me to download a part pre-filled paper form to post (which mentions cheques being used to administer the transfer!?)
Either way, they should still adhere to their 15 day timescale I suppose?