Instant Access accounts

What are your daily needs?

• Regular bill payments, e.g. gas, electricity, telephone, insurance?
• Occasional payments, e.g. memberships, holidays?
• Having some "emergency" money available?
• Having an ATM card to withdraw money from LINK machines?

Before choosing a savings account you will need to decide what facilities you want from a savings account. For example, will you need ATM access, or facilities for regular payments to third parties? As a general rule, the less access you require to your money, and the longer you can save, the better the interest rate. Try our Decision tree to help you choose the right Yorkshire account

Things to consider

Bill Payments

A convenient way to pay regular bills is by direct debit or standing order, which takes care of your payments without you having to think about it.

Standing Order or Direct Debit? These are simple methods of moving your money on a frequent basis to ensure that you always have money in your account when you need it. By setting up a Standing Order you give us permission to access your account for a specific amount and transfer that amount to a third party, e.g. a utility company, at a specific time.

With a Direct Debit you give us permission to access your account to be debited, but amounts can vary.

Regular deposits

Paying regular amounts by direct debit or standing order into a savings account is a great way to discipline yourself to save money. For example saving for a holiday is easy if you put a little aside each month, and avoids those hefty credit card bills spoiling your holiday on your return!

Unexpected emergencies

It is a good idea to have an account which is easily accessed to cover the unexpected. A small saving each month will soon add up, and give you peace of mind that if you suddenly need that extra cash, it is available.

Receiving interest

Some accounts only pay interest annually while others offer a monthly/annual option. As part of the process of deciding which would be the most convenient account for you, make sure you compare interest rates, including the Interest rates offered by us.

Decision tree