What is the interest rate?
This product pays a variable** rate of interest of:
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 calculated daily on cleared balances.
- Interest is paid into the Make Me A e-Saver account on the 31st January 2023.
Can Yorkshire Building Society change the interest rate?
Yes. We may change the interest rate for particular reasons, detailed in our General Terms & Conditions. We will notify you in advance of any changes.
What would be the estimated balance after 12 months based on £150 per month deposits?
£150 per month saved at 1.00% gross† p.a./AER* would lead to a balance of £1809.79 at the end of 12 months. We have worked this out assuming a £150 deposit is made on the first day of each month throughout the 12 months the account is held. No withdrawals are made, the interest earned is added to the account and no changes are made to the current interest rate.
This is provided for illustrative purposes only and does not take into account your individual circumstances.
How do I open and manage my account?
- You must be aged 16 or over and live in England, Scotland or Wales to open the account. We may close your
account if you’re not living in one of these countries. You may not open an account if you live in Northern
Ireland due to the law governing prize draws in that country.
- You can only have one Make Me A e-Saver account in your name at any time and cannot open the account
in trust for another person. If you open the account in joint names, only the main account holder will be
counted as having opened one account. The secondary account holder may still open another Make Me A
e-Saver account. You are not eligible for this account if you are an employee for the Yorkshire Building
- If you are named a main account holder on more than one Make Me A e-Saver account, the most recent
account opened will be transferred to the Easy e-Saver Issue 2.
Account opening and management
Accounts can be opened online at ybs.co.uk with a minimum of £1.
The account can be managed online you will be able to check your balance, interest rates, make and view transactions on your account online whenever you wish.
The maximum balance (excluding interest) is £1,950 at the end date of 31st January 2023.
It is not possible to transfer an existing Yorkshire or Chelsea Building Society account to this product.
The maximum deposit is £150 per calendar month until 31st January 2023. If you deposit more than £150 in
any calendar month, we will return the overpayment within 10 days. 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.
Interest calculated on your account balance and any prize draw winnings that may be paid into your account, do
not count towards this £150 limit. Please see the 'Full Prize Draw terms' below, for details on entering our
|Can I withdraw money?
The Make Me A e-Saver account allows unlimited instant withdrawals, 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, without loss of interest. If you withdraw money during a calendar month, you may need to repay some or all of it back during the same calendar month to be eligible for the prize draw. For more details see the ‘Full Prize Draw terms’ below.
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.
On 1st February 2023, your savings will be transferred to the Easy e-Saver Issue 2 account and you will have easy access to your funds.
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.