A new account to help first time buyers save towards a deposit on their first home.
| Balance (£) | Account Type | Monthly Interest Rates | ||
|---|---|---|---|---|
| Gross
Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. |
Net
Net rate p.a. |
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. | ||
| £100 and above | Including conditional bonus | 2.05% | 1.64% | 2.07% |
| £100 and above | Excluding conditional bonus | 1.03% | 0.82% | 1.04% |
Interest rates are variable, paid monthly. £100 per month saved at 2.05% gross p.a/ 2.07% AER (rate including conditional bonus) would lead to gross interest of £13.39 at the end of the 12 month period.
| Balance (£) | Account Type | Monthly Interest Rates | ||
|---|---|---|---|---|
| Gross
Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. |
Net
Net rate p.a. |
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. | ||
| £100 and above | Including conditional bonus | 2.25% | 2.04% | 2.25% |
| Excluding conditional bonus | ||||
nterest rates are variable, paid monthly. £100 per month saved at 2.55% gross p.a/ 2.58% AER (rate including conditional bonus) would lead to gross interest of £16.66 at the end of the 12 month period.
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 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.
| Account Name | First Time Buyer Savings Account |
|---|---|
| Interest rates (AERs) | Interest rates are variable, paid monthly, view interest rate. |
| Tax Status |
or
|
| Conditions for bonus payment | Bonus interest will be paid when a full mortgage offer is issued. No bonus payable if a YBS mortgage offer is not issued. You must make at least 3 consecutive monthly contributions of £100 or more in to your First Time Buyer savings account before you apply for your mortgage |
| Withdrawal arrangements | Unlimited withdrawals, 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.
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).
