• The minimum initial deposit is £10 (the minimum operating balance is also £10).
• The maximum amount you can deposit is £3,600 / £5,100 this tax year depending upon your age. See ISAs explained. This is subject to change, HM Revenue & Customs review this every year and limits may change in the future. The maximum amount applies irrespective of any withdrawals you may make.
• If you deposit money in your Online ISA in any tax year, you will not be able to deposit money in another Cash ISA in the same tax year.
• Your initial deposit can be made by debit card, transfer from another bank or building society account, or transfer from another account held with the Barnsley (or by cheque if your identity cannot be verified electronically during the application process).
• We do not accept Postal Orders
• Additional deposits (minimum amount £10) can be made by debit card, transfer from another bank or building society account, or transfer from another account held with the Barnsley. Deposits by account transfer from another Barnsley account will start to earn interest on the day they are credited to your account. To set up a standing order you need to quote the sort code 62-31-11 and a bank account number which comprises the first 8 digits of your Online account number. If you are asked for a reference number please quote the full 10 digits of your Online account number.
• If you open an ISA and then change your mind within 14 days, we will close your account and repay your deposit, plus any interest you have earned. This interest will be subject to tax. You can then open another Cash ISA in the same tax year if you wish.
• For security reasons, online withdrawals are not available for the first 7 days after your account has been opened. After 7 days, the minimum withdrawal of £10 can be made from your account at any time on condition that there are sufficient cleared funds in your account and that you maintain the minimum balance of £10. When you open an Online ISA account, you will be asked to nominate a bank or building society account to which withdrawals will be sent. Withdrawals are allowed by logging on to our website to transfer to your nominated bank or building society account held elsewhere or with us, or by arranging an ISA transfer to another provider.
• Once you have withdrawn money from your Cash ISA, you cannot put it back in during the same tax year. For example, based on a maximum subscription of £3,600, if you invest £500 in your Cash ISA and then withdraw £200, you will only be able to invest a further £3,100, i.e. up to the maximum investment allowance of £3,600 for someone born after 5th April 1960. Similarly, if you invest your total Cash ISA allowance and then withdraw some money, you will not be able to put money back in to your Cash ISA in that tax year. If you decide to close your Cash ISA you cannot reinvest in another Cash ISA for the rest of that tax year.

Online ISA is an internet operated Cash ISA offering a tax-free interest rate.

The minimum opening and operating balance is £10. The maximum amount is currently £3,600 / £5,100 each tax year depending on your age, plus any ISA subscriptions from previous tax years. Please see ISAs explained.

Interest is calculated daily based on the balance in your account, and will be added to your balance on 31 March each year and on closure. Interest will be paid free from tax unless you have breached HM Revenue & Customs rules.

The HM Revenue & Customs rules allow you to transfer from one ISA provider to another. If you wish to transfer savings held in a Cash ISA elsewhere to your Online ISA, please complete a transfer request form including your Online ISA account number, and send it to your existing ISA provider.

Please note: If you have already subscribed to another Cash ISA in the current tax year, please do not send an initial deposit with your completed application form.

You will be able to check your balance and interest rate and view statements showing transactions on your account whenever you wish. Whenever we change the rate of interest applying to Online ISA, we will inform you by e-mail within 30 days of the change. It is important that you let us know if your e-mail address changes.

You can change your contact details (postal address, email and telephone) when you are logged in. To change your name you will need to write, enclosing proof of the change, to Barnsley Internet Savings, PO Box 216, Bradford, BD5 5BE.

Whilst Online ISA offers many attractive features it is not based on the stakeholder minimum standards.

If you open an Online ISA account and subsequently change your mind up to 14 days after the date the account is opened, we will close your account and repay your deposit, plus any interest you have earned. You will then be able to save in another Cash ISA in that tax year.

If at any time you're not satisfied with the service you've received, please let us know. We have a simple process enabling you to do this, the details of which are in our leaflet "Our Top Priority Is You", which can be downloaded from this site, obtained at any of our branches or requested by calling us on 0845 1200 898.

If we cannot come to a resolution to your satisfaction, you may have the right to refer the matter to the Financial Ombudsman Service, of which we are a member.

If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society.

Barnsley Building Society will communicate with you in English.

Yorkshire Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.
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