Skip to content Skip to primary navigation Skip to secondary navigation
We use cookies to keep our websites easy to use and relevant to our users' requirements and to enable us to learn which advertisements bring users to our website. We do NOT use cookies to collect any personal information about you. By continuing to browse our web pages, you agree that we may use cookies for these purposes. Find out more.×

Cash ISA 40 Day Notice Account

With tiered interest rates you can earn more

Clydesdale Bank’s Cash ISA 40 Day Notice Account gives you the opportunity to save your funds, earn interest and still be able to access your funds with 40 days notice of withdrawal. When you know when you will need to withdraw funds in advance, this is one of the ways to save and earn interest within the tax year.

Tax free means the interest payable is exempt from UK tax.

Please note that from the 17th April 2015 we removed the option to transfer your ISA into the 40 Day Notice Cash ISA Account. This applies to new and existing customers. Any transfer applications already in progress will be completed subject to normal acceptance checks.

Main features
  • Provided you give us at least 40 days’ notice, you can withdraw your money without paying a penalty*. Withdrawals without sufficient notice incur a charge.
  • The overall ISA limit for 2015/2016 is £15,240 with the option to save all or some of the full allowance in cash. You can put money into one cash ISA and one stocks and shares ISA each tax year. You can save up to £15,240 in one type of account or split the allowance across both types.
  • The more you save, the higher the interest rate you could earn, with our tiered rates.
  • You only need £500 or more to open an account and you can add to your savings through regular payments, deposit a lump sum, or both (up to your annual limit of £15,240)**.
  • You can make deposits at any branch, on the phone or by post.
  • Annual interest is paid directly into your account.

You must be aged 16 years or over and a resident of the United Kingdom to apply for a Cash ISA.

The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty's Revenue and Customs (HMRC) practice which are subject to change. The proceeds of an ISA are currently free from UK Income Tax and Capital Gains Tax, provided all ISA conditions are met.

* You may make a withdrawal from your ISA, in whole or in part, by giving 40 days notice. If you do not give 40 days notice, a charge will apply. The charge is equivalent to 40 days gross interest on the withdrawal amount. Further details can be found in the terms and conditions. You can take your money out of an Individual Savings Account (ISA) at any time (subject to terms and conditions of the account), without losing any tax benefits. However, taking money out of your account doesn’t reset your tax-free ISA allowance. If you save up to your entire ISA allowance then withdraw some money, you can’t put anything else back into your ISA in that tax year.

** The annual ISA limit for 2015/16 is £15,240, with customers having the option to save all or some of their full allowance. You can put money into one cash ISA and one stocks and shares ISA each tax year. You can save up to £15,240 in one type of account or split the allowance across both types.

Useful information
Product summary box
Account name Cash ISA - 40 Day Notice
Interest rates (AERs) Refer to the Cash ISA tariff for personal customers, our website www.cbonline.co.uk or the notice displayed in branch
Tax status Tax free – interest is paid gross
Withdrawal arrangements You may make a withdrawal from your ISA, in whole or in part, by giving 40 days notice. If you do not give 40 days notice, a charge will apply. The charge is equivalent to 40 days gross interest on the withdrawal amount. Further details can be found in the terms and conditions. ISA withdrawals have no effect on annual subscription limits as once you have reached the investment limit in any tax year you cannot make any further subscriptions in that tax year regardless of the number or amount withdrawn from your investment.
Access Branch/Post
Application process

To open a new Cash ISA 40 Day Notice:

Applying by post
  1. Download the key features (PDF, opens in a new window), which gives details of the terms and conditions. You should print a copy of these key features and retain a copy for your own records before you sign the application form. By signing, you are therefore accepting the terms and conditions.
  2. Download how we use personal information (PDF, opens in a new window). You should print a copy of 'How we use Personal Information' and retain a copy for your own records before you sign the application form.
  3. Download the Application Form. Complete the details on-screen and then print 2 copies of the application form.
  4. Sign and date both copies of the application form and ensure you have stipulated your marketing preference. Please keep one of the copies for your own records.
  5. Choose how to make your deposit. You can do this by either personal cheque, internal transfer of funds, Direct Debit or standing order.

    1. Make a cheque payable to "Clydesdale Bank (ref: your name)". The cheque must be written from an account in the applicant's name and made payable to the person named on the application form.
    2. Request an internal transfer from your existing Clydesdale Bank account by completing your bank account details on the application form under section 3.
    3. Set up a Direct Debit: download the Direct Debit instruction form (PDF, opens in new window), complete your bank details, print, sign and date. The amount you wish to deposit into your Cash ISA and collection date should be completed on your Application Form. Please make sure your bank/building society account accepts Direct Debit payments.
    4. Set up a standing order: download the standing order instruction form (PDF, opens in new window), complete the details, print, sign and date. Please make sure your bank/building society account accepts standing order payments.
  6. Send the signed application form and deposit (cheque, Direct Debit instruction form or standing order instruction form or ensure you have completed Section 3 of the application form with your Clydesdale Bank account details if you require an internal transfer) to:

    Direct Banking
    Cash ISA Team
    Timor House, Mariner Court
    Clydebank Business Park
    Clydebank G81 2NR

What happens next?

When we receive your application it will be processed as quickly as possible.

  • You will receive confirmation in the post.
  • Every January we will send you an annual statement showing the value of your Cash ISA as at 31st December.

How to apply

Apply by post

Open new account only – download an Application Form (opens in new window)

(See applying by post section below)


Apply in branch

Apply in person at any one of our branches

Request a branch appointment
Apply by phone

Monday to Friday 8.00am-8.00pm,
Saturday 9.00am-5.00pm,
Sunday 10.00am-4.00pm


Top-up your existing Cash ISA