YBS Savings Key Features

Rollover Bond

Rollover Bond is a fixed rate bond that you can "rollover" each year without the need to re-apply. What's more, it gives you the chance to increase or reduce your savings at the end of each term.

Key features:

Ideal home for longer term savings
Fixed, up-to-date interest rate
Minimum initial deposit of only £100
Automatic rollover into a new 1 year term
Access your money without loss of interest during rollover month

Eligibility

The Rollover Bond is available to UK residents and to individuals acting as trustees on their behalf.

Up-to-date interest rates

At the start of each month we will set the (interest rate) that will apply throughout the term to all Bonds opened during that month. Regardless of what happens to interest rates, you can open a Bond at this rate until the last working day of the month. A new rate of interest will be set at the start of the following month. Of course, interest rates available in previous or subsequent months could be higher or lower than when your Bond is opened due to changing economic conditions.

How much you can save

You can save as little as £100 or as much as £500,000.

You can make additional deposits during the month your Bond is opened, e.g. if you opened your bond on 18 August, you can add more money up to 31 August.

A new issue of the Bond is introduced each month and there is no limit to how many you can have. When you have opened a Bond, we will give you a receipt for the amount you have invested and a folder to keep all your paperwork together. At the end of the month in which your Bond is opened, we will also send you a certificate to confirm your investment and interest rate.

On maturity

At the end of the term your balance will be transferred to a new issue of the Bond and your "rollover month" will begin.

We will send you a new certificate in the first week after maturity showing you how much interest you have earned, the balance carried forward and the rate of interest applying to the latest issue.

During the rollover month you will have instant access to your money and will be able to add to your balance. If you want to keep your money in the Bond - do nothing.

When you need your money

You will be able to access your money during the rollover month without loss of interest. You can also close your Bond after it has been opened or rolled-over for at least 3 months but 90 days interest will be deducted if you decide to do this.

Choose from the following: