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Internet Saver - Issue 4

Open this account online, then manage and access your money in just a few clicks

Key features

  • Save from £1 up to £1 million
  • Pays a variable** rate of interest
  • Choose to have your interest paid monthly or annually
  • Manage your account online 24 hours a day
  • Apply for an ATM card so you can withdraw up to £250 per day at any LINK ATM

0.50%

gross† p.a./AER* variable**

Summary Box

Account Name Internet Saver - Issue 4
What is the interest rate?

Current rates - Effective 16 August 2016

This product pays a variable** rate of interest of:

Annual

Gross† p.a. AER*
0.50% 0.50%

Monthly

Gross† p.a. AER*
0.50% 0.50%

Whether you need to pay tax is dependent on your own personal circumstances and so may be subject to change in the future.

† Interest is paid gross i.e. without tax being taken off on all our savings accounts – ISA accounts pay interest tax-free.

* AER stands for the 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.

** Variable rate of interest means that the interest rate payable on your account can change and can move both up and down.

 

Payment of interest

  • Interest is calculated daily on cleared balances
  • Annual interest is paid on 31 March . It can be paid into the Internet Saver - Issue 4, another Yorkshire Building Society account or another building society or bank account
  • Monthly interest is paid on the last day of each month. It must be paid into another Yorkshire Building Society account or another building society or bank account.

Can Yorkshire Building Society change the interest rate?

We can make changes to the interest rate on this account for particular reasons. General Terms and Conditions (424 KB) 7 and 8 set out those reasons. Term 11 tells you how we will notify you of the changes.

What would be the estimated balance after 12 months based on a £1,000 deposit?

After 12 months your balance would be £1,005.

We have worked this out assuming a £1,000 deposit is made on account opening, no further deposits or withdrawals are made throughout the 12 months, the interest earned is added to the account and no changes made to the current interest rate.

This projection is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

Eligibility
You have to be at least 16 years old and a UK resident to open the account. The account can be held on your own or jointly with someone else.

Account opening and management
Accounts can be opened online here at ybs.co.uk with a minimum of £1.

The maximum balance is £1 million.

You will be able to check your balance, interest rate, make and view transactions on your account online whenever you wish.

Account switching

If you currently have an existing Yorkshire Building Society account it may be possible to transfer to this product, subject to meeting eligibility criteria. Please check with us to see whether this is possible.

Can I withdraw money?

The Internet Saver - Issue 4 account allows instant withdrawals subject to daily withdrawal limits (minimum £1 without loss of interest).

For security reasons, online withdrawals are not available for the first 14 days after your account has been opened. After 14 days withdrawals can be made from your account at any time on condition that there are sufficient cleared funds in your account and that you maintain the minimum balance of £1.

If you want the option of an ATM card your account provides access to the LINK cash machine network, you can deposit cheques and withdraw cash using your LINK card. You can withdraw between £10 and £250 per day or undertake up to 5 withdrawals per day within these limits from any LINK cash machine.

Please be aware if a withdrawal is made from the account by CHAPS a charge of £23.50 will be incurred. Proof of name ID will be required.

Additional Information

If you have requested a LINK card, it will be posted to you and should arrive within 5 days of opening the account. Your Personal Identification Number (PIN) will be posted and should arrive 4 days after receipt of the card. If you do not receive your card or PIN, you must report this to us immediately.

We will generally communicate with you via email. It is very important that you notify us if your e-mail address changes. You can change your contact details (postal address, email and telephone) when you are logged in. To change your name you will need to write, enclosing proof of the change, to Savings Service, Yorkshire Building Society, Yorkshire House, Bradford, West Yorkshire, BD5 8LJ.

 

How to apply

It's important that you read the Product Terms (106 KB) together with our General Terms and Conditions (424 KB) and Fees & charges (120 KB) before you decide to open an account. The General Terms and Conditions explain that in certain circumstances we can make changes to the interest rate, terms, and charges relating to the account, and how we will communicate them to you.

Please also refer to the FSCS Information Sheet (578 KB) .

 

When you apply for an online account with us, we’ll need to verify your identity and address . Please note that for security reasons, online withdrawals are not available for the first 14 days after your account has been opened.

Apply online

Complete our simple, straightforward application form

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Book a savings review

To ensure that you have the right account for whatever you're saving for, why not visit us in branch for a savings review? Book an appointment at one of our branches.


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