Savings & Investments

Interest rates: Monthly Reward ISA

Current interest rate

Effective 29 March 2009

Balance £

Interest Type

Tax-free Rate %
(variable)

AER %
(variable)

£10 and above

Monthly Interest

2.23%

2.25%

Previous interest rate

Effective 22 February 2009

Balance £

Interest Type

Tax-free Rate %
(variable)

AER %
(variable)

£10 and above

Monthly Interest

2.72%

2.75%

Examples of interest paid

Below are some examples of the AER* that would apply depending on the number of withdrawals over the course of a year. Each is based on withdrawals of £100.

Example No. of months in which withdrawals are made Withdrawal  made in December? Tax free monthly interest rate (where applicable) AER %
(variable)

1

None

No

2.23%

2.25%

2

One

Yes

2.23%

2.25%

3

Six

Yes

2.23%

1.17%

4

Twelve

Yes

2.23%

0.14%

Each of the examples assumes the account is opened with a subscription of £5,100 in April.

  • In example 1 no withdrawals are made throughout the year.
  • Example 2 assumes no withdrawals are made through the year apart from December when 1 withdrawal is made.
  • Example 3 assumes £100 withdrawals are made in alternate months starting with the month of account opening. Interest is still paid in December.
  • Example 4 assumes £100 withdrawals are made in each month of the year starting with the month of account opening. Interest is still paid in December.

*AER stands for 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.


Call us on 0845 1 200 100*

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.

Get in touch with us:

Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).