Yorkshire BS Internet saver

loulou41

Paying 3.60% net on £1. Is this a good rate? I have just locked some money on their 6 months bond and this has caught my attention. It is handy as it has a local office in my town, I can just drop the application. Considering HSBC is paying a miserly 2.25% I think on their online bonus saver. I have locked about 10k into this account and the interest will be a pittance if I withdraw but I think it will best if I move the money to YBS Internet saver, the rate still seems competive. My ISA with Nationwide pays a mere 2.70%. Any thoughts on this!! Thanks

apt

The rate is dropping 0.75% to 3.75% gross on 28 December. That's still quite good considering it has a cashcard. Certainly better than any Nationwide easy access account, although the gap to the Tesco account with the one year 1.5% bonus at 5.1% is considerable if you've got a large balance.

JohalaReewi

Although you can open the YBS one in a couple of days and be accessing it online in minutes. Still waiting after 2 months for Tesco.

natman

JohalaReewi wrote: »

Although you can open the YBS one in a couple of days and be accessing it online in minutes. Still waiting after 2 months for Tesco.

Haa haaa
I have a YBS account as above, i really like it. I too opened up a TESCO account about 2 months ago and it still is not up and running!!

The only thing that is a little weird with this account is teh deposits you make into it. You basicaly carry out a transaction giving YBS your current account debit card and they take take the money that way. I have found it excellent, especially with a ATM card to get access to your savings.

Just keep an eye on the rates, but to be honest I think it will be comparable to others at arond 3.5% come 1st jan.

savetilibleed

loulou41 wrote: »

Paying 3.60% net on £1. Is this a good rate? I have just locked some money on their 6 months bond and this has caught my attention. It is handy as it has a local office in my town, I can just drop the application. Considering HSBC is paying a miserly 2.25% I think on their online bonus saver. I have locked about 10k into this account and the interest will be a pittance if I withdraw but I think it will best if I move the money to YBS Internet saver, the rate still seems competive. My ISA with Nationwide pays a mere 2.70%. Any thoughts on this!! Thanks

I've had one since the middle of last year. And other accounts too totalling over the £50,000 safety thing. But with the worry about the latter and with falling interest rates, I've had to move things around recently to some fixed rate accounts. Before that I moved some to other variable accounts and I'm not sure if I actually have lost interest during moves (money in limbo). It is a good account in general and very flexible in that you can set up other transfer accounts. You can't do CHAPS transfers though if you need rapid movement that you can pay for.

As natman says, you will probably find they will drop their rates early new year. Still worth having one though as their downward changes have tended to lag the BOE changes by a bit. And they tell you when they do things if sometimes a bit late.

loulou41

Thanks a lot, I will open the e-bond as well and transfer my money from HSBC who is paying a miserly 1.60% net at the moment. I spoke to CS and he said after the maturity the funds will be transferred to internet saver which will suit me fine. I know I can get better rates if I shop around but it is such a hassle having so many accounts and keeping track of password etc.

savetilibleed

loulou41 wrote: »

I know I can get better rates if I shop around but it is such a hassle having so many accounts and keeping track of password etc.

It is isn't it.
I have many accounts so I have to keep some info in a password protected spreadsheet, but the only reference to passwords is a hint to myself.

Geoffo_M

savetilibleed wrote: »

It is isn't it.
I have many accounts so I have to keep some info in a password protected spreadsheet, but the only reference to passwords is a hint to myself.

It's dangerous keeping paswords in spreadsheets. I use keepass - excellent - you'll never have to worry about remembering passwords again. Download the 1.14 version, it's free

http://keepass.info/index.html