We now apply tiered interest rates to some of our variable rate savings accounts. This means we can increase rates on lower balances, helping more members.

£

Your interest rate

0.00%

Gross p.a†/AER* Variable**

Your balance after 12 months could be:

£0.00

The calculations provided are illustrative only and don't take into account your individual circumstances.

These results are estimates. They don't take your individual circumstances into account.
† We pay interest gross without deducting tax. ISA accounts pay interest tax-free.
* AER stands for the Annual Equivalent Rate. It shows you what the interest rate would be if you kept the interest in the account and allowed it to build up each year. This figure can help you compare this account with other accounts.
** Variable rate of interest means the interest rate on your account can change, moving up and down.

We calculate the balance and interest rate based on these assumptions:

That you will not take any money out during this 12 month period. 
That there will be no changes to the current interest rate.
That you will leave all the interest earned in the account.
That if your savings deal has a fixed rate term of over 12 months, you’ll leave the interest that is added at the end in the account.

How tiered interest works

Products with two interest rate tiers

Balance up to £20,000 £20,000.01 and above
3.95% 3.85%
For example, this balance of £30,000 earns interest across two different rates. The first £20,000 earns 3.95% interest and the other £10,000 earns 3.85% interest. After 12 months, you would have £31,175.00.
Saving balance of £30k
Image of graph with scale on the left hand side with £30k at the top down through £20k and £10k to £0. There is light green shading at the top with a label that says tier 2 and 3.85% on balances over £20k and dark green shading at the bottom with a label that says tier 1 and 3.95% on balances up to £20k.
FSCS logo

Your eligible deposits with Yorkshire Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.