YBS internet saver

kingmonkey

What has happened to it?

Speculator

From the ybs site...

Internet Saver: this account has been temporarily closed to new applications. Existing account holders can continue to manage their accounts online as normal, and view the account terms and conditions

ReportInvestor

Not big enough to cope?

Maybe time they merged with another large society e.g. Chelsea or Coventry to give them a bit more scale?

Bisoy

Thankfully I was able to manage to open my ybs internet saver last month. I use this account as my emergency fund as it has a link card.

Sparkly

I hope this doesn't mean a massive reduction in interest rates for this account as I've just moved a lot of cash in

ashcarrot

I've just transfered my money over to this account. Over subscription doesn't look good for interest rates.

Incidently my account says my AER is 5% rather than 5.1% anyone else has this (my account is monthly however AER should be the same as yearly)

YorkshireBoy

ashcarrot wrote:

(my account is monthly however AER should be the same as yearly)

But your monthly interest is 'paid away', isn't it?

ashcarrot

I suppose im having a thick day and dont know what you mean. I have found that they pay the interest to my current account if that's what you mean.

ashcarrot

Ahhh I see what your saying the interest is 5.1% gross but theres no compound interest as its going to my current account. Ahhh me understands now