Cash Transactor

Cash Transactor is for those who make lots of deposits or withdrawals, or who want to be able to pay regular bills, really more like a bank account than a savings account.

Choice of Passbook or LINK ATM card options
Pay bills through direct debits and standing orders
24-hour access via LINK cashpoint network if you choose the ATM card option
Manage your account online

Interest rates
Summary box
How to apply

Apply now

Interest rates

Previous rates
(Effective 27 April 2008)

Current rates
(Effective 29 March 2009)

Balance (£)	Annual Interest Rates
Balance (£)	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. 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.
£0 and above	0.05%	0.04%	0.05%

Previous rates
(Effective 27 April 2008)

Current rates
(Effective 29 March 2009)

Balance (£)	Annual Interest Rates
Balance (£)	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. 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.
£0 and above	0.55%	0.44%	0.55%

Interest rates are variable, paid annually.

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.

Apply now

Summary box

Key Product Information for our Savings Account

Account Name	Cash Transactor
Interest rates (AERs)	Variable rate paid annually, 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	Branch, Agency, ATM 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.

How to Apply for a Cash Transactor

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.