Regular Saver 2

We all have different reasons for saving. If you want to put some money away each month then Regular Saver could help you achieve your savings goal. The account makes it easy for you to save whilst working towards the opportunity to earn an annual bonus. Regular Saver is a convenient and hassle free way of saving.

Immediate access to your savings if you need it
Access your account at a Branch, Agency or Online
Pay in by standing order
Earn a conditional bonus rate of interest

Regular Saver is simple to open and operate. When your account is open, all you need to do is make sure you pay money in on a regular basis.

You can choose to make your regular payments by cheque or cash at any of our branches or agencies, or via the internet. Alternatively you might want to set up a standing order or bill payment, for which you will need our banking details. (If payments are to be 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 to be entitled to the bonus rate of interest)

Interest rates
Summary box
How to apply

Apply now

Interest rates

Previous rates
(Effective 22 February 2009)

Current rates
(Effective 29 March 2009)

Balance (£)	Account Type	Annual Interest Rates
Balance (£)	Account Type	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.
£10 - £250 a month	Including conditional bonus	3.00%	2.40%	3.00%
£10 - £250 a month	Excluding conditional bonus	1.00%	0.80%	1.00%

Interest rates are variable, paid annually. £100 per month saved at 3.00% gross p.a./AER (rate including conditional bonus) would lead to gross interest of £19.58 at the end of the 12 month period.

Previous rates
(Effective 22 February 2009)

Current rates
(Effective 29 March 2009)

Balance (£)	Account Type	Annual Interest Rates
Balance (£)	Account Type	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.
£10 - £250 a month	Including conditional bonus	3.25%	2.60%	3.25%
£10 - £250 a month	Excluding conditional bonus	1.25%	1.00%	1.25%

Interest rates are variable, paid annually. £100 per month saved at 3.00% gross p.a./AER (rate including conditional bonus) would lead to gross interest of £19.58 at the end of the 12 month period.

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	Regular Saver 2
Interest rates (AERs)	Interest rates are variable, 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	Bonus of 2.00% gross p.a./AER* is provided if: You save in 11 out of the 12 calendar months starting with the month you open your account, 'your account year'.** You save between minimum £10 and maximum £250 cumulatively in each calendar month. Please note: if you pay in more than £250 in any calendar month you will not receive the bonus on the entire balance in your account for that account year. You must ensure that your opening balance and the deposit in the first month do not exceed £250 in total. You make no more than 1 withdrawal in an account year. The funds in your account do not exceed a total balance of £20,000, this includes the addition of interest & bonus payments to the account. If you have your interest paid to another account the bonus payment is still added to your Regular Saver account. If you exceed £20,000 in your account, you will not receive the bonus on the entire balance in your account in that account year, or any subsequent years your account balance exceeds this limit. You are the main account holder on no more than 1 Regular Saver account. The account remains open until the end of the account year.
Withdrawal arrangements	One withdrawal per account year. Bonus lost if more than one withdrawal or the account is closed before the end of the account year, subject to daily withdrawal limits.
Access	Branch, agency 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.

**The account year is 12 months from the month that you opened the account. This runs from the 1st of the month e.g. If you open your account on the 17 January 2012 then your account year would run from the 1st January 2012 to 1st January 2013.

How to Apply for a Regular Saver 2

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.