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Yorkshire BS interest rates down
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twizzel
Posts: 84 Forumite


I see YBS has reduced the interest rates for e-ISA and Internet Saver accounts. Effective 29/3/09.
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But the Regular Saver issue 1 is still paying 3.75% for those that still have one.Do Money Saving sites make you buy more bargains - and spend more money?0
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Not very good at maths are they?
Monthly interest on their Internet Saver was cut from 2.72% to 2.08% so a drop of 0.64% due to a 0.5% base rate cut!!
That's my money out of there on principle.0 -
To be fair I think in the past they had dropped rates by less than the BoE rate cut so swings and roundabouts?
I'm transferring my e-ISA to Natwest after April 6th anyway. Shame as rates were good (in relative terms) until last couple of cuts. Website reliability and customer service get thumbs up as well. Happily go back in future if their rates improve.0 -
Sisyphean_Task wrote: »Not very good at maths are they?
Monthly interest on their Internet Saver was cut from 2.72% to 2.08% so a drop of 0.64% due to a 0.5% base rate cut!!
That's my money out of there on principle.
Have they passed on every rate cut and the full amount each time?- On 08 October the BoE reduced the base rate by 0.5%, YBS partially passed on the cut on 02 November and reduced the rate by 0.20% to 5.50% AER.
- On 06 November the BoE reduced the base rate by 1.5%, YBS partially passed on the cut on 30 November and reduced the rate by 1% to 4.5% AER.
- On 04 December the BoE reduced the base rate by 1%, YBS partially passed on the cut on 28 December and reduced the rate by 0.75% to 3.75% AER.
- On 08 January the BoE reduced the base rate by 0.5%, YBS passed on the cut on 01 February and reduced the rate by 0.5% to 3.25% AER.
- On 05 February the BoE reduced the base rate by 0.5%, YBS passed on the cut on 22 February and reduced the rate by 0.5% to 2.75% AER.
- Most recently, on 05 March the BoE reduced the base rate by 0.5% to 0.5%, YBS reduced the rate by 0.65% on 29 March.
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I too am in the process of transferring my YBS isa to the Natwest E-Isa.
Its a much better rate & I already have a current account with Natwest so its been super easy to set up & transfer!!!
Having said that I too was very pleased with YBS and would use in future providing they offer competitive products!0 -
My YBS account is showing the rate at 2.10% that an esaver account.0
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I too am in the process of transferring my YBS isa to the Natwest E-Isa.
Its a much better rate & I already have a current account with Natwest so its been super easy to set up & transfer!!!
Having said that I too was very pleased with YBS and would use in future providing they offer competitive products!0
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