YBS account money to charity which you might not want!

k2nga

I know alot of us have recently got Yorkshire Building Society accounts and although i dont have a lot i say what i can being on JSA so i can have cash for rainy days and for fuel for the first month when i finally get a job.

Tonight i added some funds to the account and saw that the 46p interest that i earned went out to Charity mmmmmmmm whats that about i thought so i called YBS. The lady was lovely on the phone and pointed out that you get all round pounds and any pence goes to charity but you can take it off not i know i am going to sound a little mean but at the moment every pennie counts so i have taken it off. I do a little work for a local charity so i dont feel that bad but just beware of this in case you are not happy with that as i never saw this mentioned anywhere.

Dont worry though as on the phonethey are great about it.

Lost2

It would be good manners to ask first
as you say k2nga every penny counts

k2nga

Yeah they should have really asked it is a really good idea but just at the moment i need all the pennies i would be happy to opt back in when i have a job i have to admit but it was more so people know if they find that there is interest missing they were expecting to get.

Lost2

I've just looked at mine and I haven't got any interest

k2nga

you have to have had the account a month they appear to do mine on the 24th of the month.

blind-as-a-bat_2

Lost2 wrote: »

I've just looked at mine and I haven't got any interest

Niether have i :think: but somehow i dont think where talking about the same sort of intrest:o:p

Lost2

blind-as-a-bat wrote: »

Niether have i :think: but somehow i dont think where talking about the same sort of intrest:o:p[/QUOT


PMSL you are a baden but I like you :rotfl:

philnicandamy

Lost2 wrote: »

I've just looked at mine and I haven't got any interest

Hmm I agree with bat......tell me about it :rolleyes:

Lost2

Well are you both sitting comfortably? No I cant say am shy :grinheart

Gymgenius

I've just noticed this, so I phoned them up for an explanation.
The guy was fine, he said it is explained up front when you open the account, and that I probably just missed it.

I probably did. He said they only do it once a year, and since I get interest every month, I didn't think it was bad, so I left it be.

Thinking on, I do remember seeing some spiel about charidy when I opened the account, and I probably thought it was something to do with giving windfall benefits away in the event of a de-mutualisation within the first five years of being an account holder (like the Derbyshire do).