If you're receiving a pension and want easy access to your money, Access Saver for Pensioners could be just what you need. With five instant access withdrawals days per calendar month you can get hold of your money while still earning an attractive rate of interest.
If you are an individual who is resident in the UK and you are paid a pension or receive some form of incapacity benefit in lieu of a pension, you can apply for Access Saver for Pensioners to be opened in your name or as a joint account (maximum of four account holders).
To qualify you must have your pension paid directly into the account. For other payments, simply take your passbook and your deposit to any of our branches or agencies. You can also pay money in at branches of the Britannia through our MutualPlus scheme (for more information please ask for our 'MutualPlus' leaflet).
You can choose to have your interest paid on the last day of each month or annually on 31 March. It can be paid to another Yorkshire Building Society account, to another building society account or to a bank account. Only annual interest can be added to your Access Saver for Pensioners account.
You can make withdrawals on five days each calendar month. This includes withdrawal of the total balance if you decide to close your account. You can withdraw up to £1,000 in cash and up to £150,000 by cheque at any of our branches and up to £500 in cash or £50,000 by cheque at any of our agencies straight away. You may have to give a few days' notice for larger amounts.
You have the option to manage your account online. For example, you can check your balance, transfer money to another account or view your tax and interest rate details. To take advantage of this facility, you will need to register for online services once you have opened the account. Find out more about what you can do online.
| Account Name | Access Saver for Pensioners |
|---|---|
| Interest rates (AERs) | Variable rate paid annually or monthly, view interest rate |
| Tax Status |
or
|
| Conditions for bonus payment | N/A |
| Withdrawal arrangements | Five withdrawal days per calendar month (includes closure), subject to daily withdrawal limits |
| Access | Branch, Agency or Online |
Whether you can benefit from gross, net or tax free interest is dependent on your own personal circumstances and tax status and so may be subject to change in the future.
Interest rates are variable. All rates shown are per annum.
Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.
Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%.
AER
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
This savings account can be operated in various ways but must be opened at a branch or via the post.
Note: When applying for a YBS account you will need to verify your identity and address. Check our Verifying your Identity section for more details of what you may need to take with you.
Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
