You have to be at least 16 years old (for under 11s accounts to be opened in trust) and a UK resident to open the account. This account can be held on your own or jointly with someone else. Accounts can be held in trust.
You can only hold one account in your name, unless you are acting as a trustee .
If you open two or more Monthly Regular Saver accounts, unless as a trustee, these accounts will be transferred to the maturity product.
Account opening and management
Accounts can be opened with a minimum of £10 in the following ways:
In a branch or at an agency
By calling 0345 1200 200 to request an application pack to be sent to you.
The account can be managed in branch or at an agency or by post.
The maximum balance (excluding interest) is £12,000 at the end of the 2 year term.
It is not possible to transfer an existing Yorkshire Building Society account to this product.
The maximum deposit is £500 per calendar month. If you deposit more than £500 in any calendar month, whether by cash, cheque or electronic payment, we will return the overpayment to you by cheque i.e. £565 is paid into your account in one calendar month by standing order and cash payment, you will receive a cheque in the post for £65.
If payments are made by standing order, please ensure your bank sets up your standing order to allow sufficient time for payments to reach your account within each calendar month.