Regular Saver

What is the interest rate?

AER helps you compare between accounts. It's the rate of interest if it was paid and added each year.

The interest rate is variable and can go up or down.

We work out your interest daily. It is paid one year after you open your account.

Can Yorkshire Building Society change the interest rate?

Yes, we can change the interest rate up or down. We will let you know if this happens.

The reasons why we could do this and how we will let you know, are in the General terms and conditions. You can find them in the "Interest, charges and changes" section.

What would the estimated balance be after 12 months based on £250 a month deposits?

£3,075.39

We have based this on:

• deposits made on the first of every month starting 1 April 2025
• the interest rate staying the same
• no money being taken out.

How do I open and manage my account?

To open this account you must be:

• a UK resident
• at least 16 years old.

How much can I save?

You can open this account from £1 and save up to £250 each calendar month. This would be a maximum of £3,000 in one year, before your interest was added.

If you add more than £250 in a month, we will return the overpayment to you.

Can it be a joint account?

Yes.

How do I open this account?

You can open this account by:

• visiting your nearest branch or agency
• downloading an application form and posting it to us
• calling us and we'll send you an application form in the post.

Can I open more than one?

You can only have one in your name. You can also have a joint account, if it's in someone else's name.

If you open this account, you cannot open the online version of the same account as well. The online version is called Regular eSaver.

If you open more than one in your name, the most recent account will be closed. We'll move it to an easy access savings account.

How can I manage my account?

You can manage your account in a branch or agency, or by post.

You can also register to manage your account online.

Can I withdraw money?

You can withdraw money from this account on any 2 days a year, starting from the day you opened it. For example, if you opened the account on 2 May you have until 1 May the next year to make your withdrawals. Check our daily withdrawal limits.

If you make a withdrawal using CHAPS, there will be a fee.

To keep your account open, you need at least £1 in your account.

You can close your account at any time.

What happens after one year?

Your Regular Saver will be transferred to an easy access savings account. We'll send you full details of this account at least 14 days before your Regular Saver ends.

Additional information

You'll get a passbook record card when you open this account. It is a physical card that a branch or agency can update with your transactions.

Whether you need to pay tax depends on your personal circumstances so could change in the future.