We all have different reasons for saving. If you want to put some money away each month then Regular Saver could help you achieve your savings goal. The account makes it easy for you to save whilst working towards the opportunity to earn an annual bonus. Regular Saver is a convenient and hassle free way of saving.
Regular Saver is simple to open and operate. When your account is open, all you need to do is make sure you pay money in on a regular basis.
You can choose to make your regular payments by cheque or cash at any of our branches or agencies, or via the internet. Alternatively you might want to set up a standing order or bill payment, for which you will need our banking details. (If payments are to be made by standing order, please ensure your bank sets up your standing order to allow sufficient time for payments to reach your account within each calendar month to be entitled to the bonus rate of interest)
Interest is paid on the first day of the calendar month in which the account was opened. There are two elements to the interest rate, a variable basic rate and a fixed bonus rate payable if the following conditions are met:
Please see summary box for the full conditions for the bonus rate of interest.
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.
You can have one part withdrawal in each account year without affecting your bonus. If you make more than one withdrawal you will not receive your bonus, but you will still receive the basic rate of interest for that account year. An account year starts from the date of opening your account.
| Account Name | Regular Saver |
|---|---|
| Interest rates (AERs) | Variable rate paid annually, view interest rate |
| Tax Status |
or
|
| Conditions for bonus payment |
2.00% gross p.a./AER* bonus provided:
|
| Withdrawal arrangements | One withdrawal per account year. Bonus lost if more than one withdrawal or the account is closed before the end of the account year. 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.
Effective 29 March 2009
|
Balance £ |
Account |
Gross Rate P.A. % |
Net Rate P.A. % |
AER % |
|---|---|---|---|---|
|
£10 per month |
Including conditional bonus |
3.00% |
2.40% |
3.00% |
|
£10 per month |
Excluding conditional bonus |
1.00% |
0.80% |
1.00% |
£100 per month saved at 3.00% gross p.a./AER (rate including conditional bonus) would lead to gross interest of £19.58 at the end of the 12 month period
Effective 22 February 2009
|
Balance £ |
Account |
Gross Rate P.A. % |
Net Rate P.A. % |
AER % |
|---|---|---|---|---|
|
£10 per month |
Including conditional bonus |
3.25% |
2.60% |
3.25% |
|
£10 per month |
Excluding conditional bonus |
1.25% |
1.00% |
1.25% |
£100 per month saved at 3.25% gross p.a./AER (rate including conditional bonus) would lead to gross interest of £21.21 at the end of the 12 month period
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.
Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross.
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.
Get in touch with us:
Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
