How long before YBS follow the rate rise?

sniperpenguin

I have a YBS e-ISA (5.65%), and from memory they tend to be fairly quick in following BoE rate rises, as well as upping their rate by the full amount.

I appreciate that no one has a crystal ball but is there any projected idea of when YBS will "kick in" their rate rise to the possible 5.9%?

Gambler

sniperpenguin wrote: »

I have a YBS e-ISA (5.65%), and from memory they tend to be fairly quick in following BoE rate rises, as well as upping their rate by the full amount.

I appreciate that no one has a crystal ball but is there any projected idea of when YBS will "kick in" their rate rise to the possible 5.9%?

Can't remember if it was the last time or the time before where they took about a month to change the rate.

LittleVoice

Previous BoE rate rise was 11 January. I believe Yorkshire changes were effective from 28 January. So 27 May looks likely this time.

MarkyMarkD

Most mortgage lenders put their mortgage rates up at the start of the month following a rate change, and they generally change their savings rates around the same date.

Why are people so obsessed with when rates will change, and guessing how much? Just wait until it happens and THEN decide if you are happy or unhappy with the rate change, surely?

talksalot81

They still do not seem to have made a change - a bit disappointing

bristolleedsfan

talksalot81 wrote: »

They still do not seem to have made a change - a bit disappointing

june 4th appears to be date of yorkshire building societies savings rate increases, no full announcement of product rate rises has been publicly announced, yorkshire building society on the whole are very good at passing on base rate increases imo, they will of course be watching the rest of the market place :cool:

Mr_Mumble

moneyfacts seem to have the updated interest rates:

YBS e-ISA only up 0.15% to 5.80% :mad:

Heinz

Oh dear, now we only moved to YBS because they appeared not to mess about like that.

Looks like they'll be losing £60k later in the year then.

YorkshireBoy

Mr_Mumble wrote: »

moneyfacts seem to have the updated interest rates:

YBS e-ISA only up 0.15% to 5.80% :mad:

Likewise, they're showing a 0.15% increase on the YBS Internet Saver to 5.70% AER.

Worryingly though, the YBS Regular Saver is still listed at 7.00%, ie no increase to either the underlying rate or the bonus.

[Deleted User]

Am I being cynical in thinking that because the AGM has recently happened, they may be feeling like they can get away without passing on the full 0.25%?

Ian_W

Deleted_User wrote: »

Am I being cynical in thinking that because the AGM has recently happened, they may be feeling like they can get away without passing on the full 0.25%?

Grrrrrrrrrrrrrrrrrrrrrr!!!!!!!!!!!!!!!!!!!!! :mad:

Don't think you're being cynical at all but do think YBS are with the rate they set it at - if you look at Kazza's best buy ISA list then there is only Abbey and Kent Reliance on the variable rates accepting transfers that beat them and then not by that much if you're losing interest in transferring.

I know YBS credit your account the day after they receive an inward transfer cheque - anyone know if Kent Reliance do the same?