Internet Saver

Internet Saver gives you the freedom to access your account online whenever it suits you. From viewing transactions to transferring money to other accounts, you're always in control of your savings.

Key features
Terms
Summary box
Interest rates
How to apply

Apply now

Key features

Cash card option - choose an ATM card to withdraw money at any LINK machine
Minimum balance of £1, max £1,000,000
Instant access - no limit on number of withdrawals
Annual or monthly interest payment options
Online account management, 24 hours a day
You must be 16 or over and a UK resident or ordinarily resident to open an account

Apply now

The product terms should be read with the Online General Terms and Conditions booklet (General Terms). Together the Product Terms and General Terms explain how your account works.

It is important that you read all the terms applicable before you decide whether to open this account. Terms 10, 11 & 14 of the General Terms explain the circumstances in which we may change the interest rates, terms and conditions and charges relating to your account, and how we will tell you about the changes

Product terms

Eligibility

To open an Internet Saver, you must be aged 16 or over and must be a UK resident. An account can be held in your sole name, or jointly with one other eligible individual.
Deposits and withdrawals
1. The minimum initial deposit is £1.
2. The maximum amount you can deposit is £1,000,000.
3. Your initial deposit can be by cheque. Any cheques subsequently received will be returned to you.
4. We do not accept Postal Orders
5. Additional deposits (minimum amount £1) must be transfers, either from another bank or building society account, e.g. by standing order, or another account held with the Yorkshire. Deposits by account transfer 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 60-92-04 and your account number which is the first 8 digits of your account number, if you are asked for a reference number please quote the full 10 digits of your account number.
6. For security reasons, online withdrawals are not available for the first 7 days after your account has been opened. After 7 days withdrawals 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 £1.
7. Withdrawals are only allowed either by:
  - Logging onto our website to transfer to your nominated bank or building society account or a nominated account held with us, or
  - Use of an optional LINK card and Personal Identification Number (PIN) at a cash machine.
8. Transfers to an account with another bank or building society can take up to 5 working days. Transfers to another account with the Society will normally be credited the next working day.
Interest

The rate of interest for the Internet Saver is variable. Interest can be added to your account annually on the 31st March or it can be paid monthly on the last day of the month, but must be paid into another Yorkshire Building Society account or an external account held with another bank or building society.
Transferring to other accounts

You may nominate twelve external accounts for withdrawals to be transferred to, and you will also be able to choose up to three other Yorkshire accounts to receive transfers from your Internet Saver account.
LINK card option

If you choose to have a LINK card on your Internet Saver account, you will be able to withdraw up to £250 per day in cash from over 30,000 cash machines around the country.
Keeping track of your account

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 Internet Saver, 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.
Changing your details

As we will advise you of changes to Internet Saver interest rate and terms, and generally communicate with you, via email, it is very important that you notify us if your email 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 Savings Service, Yorkshire Building Society, Yorkshire House, Bradford, West Yorkshire, BD5 8LJ.
If you change your mind

If you open an Internet Saver account and subsequently change your mind within 14 days, we will either transfer your savings to another account with us (subject to the completion of the appropriate application form) or repay them to you with interest earned up to but not including, the day of closure. Contact us for more details.
Not happy with our service?

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 "We're here to help you - our complaints process", which can be downloaded from this site, obtained at any of our branches or requested by calling us on 0845 1200 300.

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.
Financial Services Compensation Scheme

Yorkshire Building Society is a participant in the Financial Services Compensation Scheme. Read more on how this affects you.

General terms and conditions

Read and download the General Terms and Conditions for this account

Apply now

Summary box
Key Product Information for our Savings Account

Account Name	Internet Saver
Interest rates (AERs)	Variable rate paid annually or monthly, view interest rate
Tax Status	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. or Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.
Conditions for bonus payment	N/A
Withdrawal arrangements	Unlimited withdrawals, subject to daily withdrawal limits
Access	Online and ATM

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.

Apply now

Interest rate

Previous rates
(effective 22 February 2009)

Current rates
(effective 29 March 2009)

Balance (£)	Annual Interest Rates			Monthly Interest Rates
Balance (£)	Gross Gross rate is the interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate of interest is the interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows you 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.	Gross Gross rate of interest is the interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate of interest is the interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows you 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.
£1 and above	2.10%	1.68%	2.10%	2.08%	1.66%	2.10%

Previous rates
(effective 22 February 2009)

Current rates
(effective 29 March 2009)

Balance (£)	Annual Interest Rates			Monthly Interest Rates
Balance (£)	Gross Gross rate of interest is the interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate of interest is the interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows you 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.	Gross Gross rate of interest is the interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate of interest is the interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows you 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.
£1 and above	2.75%	2.20%	2.75%	2.72%	2.18%	2.75%

Apply online

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. test

How to apply for an Internet Saver

You can only apply for an Internet Saver online, and there are no paper forms to complete and sign.

Please read Internet Saver Product Terms and General Terms before applying online.
You will need to verify your identity and address when you apply for a YBS account.

Please note that for security reasons, online withdrawals are not available for the first 7 days after your account has been opened.

If you already have an online account (either savings or mortgage)

Once logged in - click the relevant link in the left hand menu.