Notice Saver is best for those who are prepared to tie up funds for a short period in return for attractive rates of interest.
To make a withdrawal from Notice Saver you need to give us 30 days' notice. Withdrawals can be made without giving this amount of notice but will result in a loss of 30 days' interest.
Interest is normally paid on 31st March each year. You can also take advantage of our monthly income option where the interest on your savings can be paid on a monthly basis into your bank account or transferred to another of our accounts.
We operate a "tiered" interest rate system on Notice Saver. This means that if your balance reaches £25,000 and £50,000 the interest you receive is increased. The top rate applies to savings of over £100,000 up to a maximum of £1,000,000.
| Account Name | Notice Saver |
|---|---|
| Interest rates (AERs) | Variable tiered rate paid annually or monthly,view interest rate |
| Tax Status |
or
|
| Conditions for bonus payment | N/A |
| Withdrawal arrangements | Withdrawals and closure permitted with 30 days' notice. Otherwise subject to 30 days' loss of interest on the amount withdrawn. Subject to daily withdrawal limits |
| 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).
