Advantage 50+ Saver savings account is designed specifically for the over 50s. It is designed to be flexible so you can add to minimum operating balance (£5,000) when you wish. You also get instant access to your money and unlimited withdrawals as long as you maintain a minimum balance of £5,000.
You'll need £5,000 to open an Advantage 50+ Saver, and this is also the minimum balance needed to keep the account open. The Advantage 50+ Saver is available for sole and joint account holders aged 50 or over.
Instant access withdrawals above minimum balance (£5,000) daily withdrawal limits. Early closure is permitted after 90 days. Closure requires 90 days notice. Closure without notice will incur 90 days loss of interest on the minimum balance and is not permitted in the first 90 days.
You can choose to have your interest paid on the last working day of each month or annually on the 31 March. It can be paid to another variable rate account with Yorkshire Building Society or, to another bank or building society account. Only annual interest can be added to your Advantage 50+ Saver account.
| Account Name | Advantage 50+ Saver issue 3 |
|---|---|
| Interest rates (AERs) | Variable, tiered rate of interest. Monthly or Annually. Please ask for a copy of our ‘savings interest rates' leaflet for variable rate accounts. Annual Interest is payable 31st march. Monthly interest is payable on the last working day of the month, view interest rate |
| Tax Status |
or
|
| Conditions for bonus payment | N/A |
| Withdrawal arrangements | Instant access withdrawals above minimum balance (£5,000). Subject to daily withdrawal limits. Early closure is permitted after 90 days. Closure requires 90 days notice. Closure without notice will incur 90 days loss of interest on the minimum balance and is not permitted in the first 90 days. |
| Access | Branch or Agency |
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).
