Welcome to Yorkshire Building Society | YBS
Interest is paid gross i.e. without tax being taken off on all our savings accounts - ISA accounts pay interest tax-free. Tax-free means that interest is not subject to income tax.
AER stands for the 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.
Variable rate of interest means the interest rate payable on your account can change and move up and down.
Tax-free means that interest is not subject to income tax.