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Yorkshire Building Society Regular Saver
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gelato_cat
Posts: 2,970 Ambassador
I'm tempted to open one of these, but am a bit worried about losing the bonus interest by mistake.
If I need to close it, what's the best way bearing in mind I'm only allowed "one part withdrawal" per year?
Suze
If I need to close it, what's the best way bearing in mind I'm only allowed "one part withdrawal" per year?
Suze
I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Comments
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withdraw all the money leaving £1 in thereRound Figures OCD Club!
march 2010 end: 111k mortgage, 6k savings
Feburary 2010 end: 111k mortgage, 6k savings
October 2009 end: 112k mortgage, 9k savings
September 2009 end: 113k mortgage, 8k savings0 -
Once you've made your part withdrawal, simply reduce the monthly payments to £10 for the rest of the account year (or until you can afford to increase them again).0
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I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0
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As it doesn't say specifically here I'm guessing that closure (unlike the single partial withdrawal allowed) automatically results in the loss of bonus for the 'current year'. Two options therefore:
1) withdraw to the minimum balance rather than close (and pick up your full yearly rate just after the anniversary and then close)
2) time closure to just after the anniversary and then all you lose is the differential interest (the bonus) for a short period.....under construction.... COVID is a [discontinued] scam0 -
Thanks for all your replies.
Am I right in thinking you cannot operate/view this account online at all? How do those of you not near a branch keep up-to-date?
SuzeI’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0 -
No, you'd be wrong - although you will probably need an Internet Saver account (or offset mortgage savings account/e-ISA) to be able to *see*, and transfer into, the regular saver.Suzey wrote:Am I right in thinking you cannot operate/view this account online at all?0 -
Yes you can. Once you have an account open, you can register for online services here to view your YBS accounts, including ISAs. If you have another, or more than one 'suitable' account, you can also use this option to process internal transfers.Suzey wrote:Thanks for all your replies.
Am I right in thinking you cannot operate/view this account online at all? How do those of you not near a branch keep up-to-date?
Suze0 -
Thanks. Regular Saver now open
SuzeYorkshireBoy wrote:No, you'd be wrong - although you will probably need an Internet Saver account (or offset mortgage savings account/e-ISA) to be able to *see*, and transfer into, the regular saver.I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0 -
Coming in a bit late on this one.
Question:
Can this account be operated online?
I only want to apply for a YBS Regular Saver. Nothing else.0 -
A Regular Saver account is not an internet account.
To operate any account online then you need to open an Internet Saver account. Then open the Regular Saver account and configure the Internet
account to deposit/withdraw from your Regular Saver account.Coming in a bit late on this one.
Question:
Can this account be operated online?
I only want to apply for a YBS Regular Saver. Nothing else.0
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