Yorkshire BS Regular Saver c2008 vintage slashed

Yorkshire_Pud

The last day for this account before it becomes the Single Access Saver Unique Edition paying 1.75% interest for 12m. Only one withdrawal allowed plus one more if account is closed.

Not a bad rate of interest now with very few other providers passing on the BOE .25% rise.

Has anyone found any better options for their funds?

fwor

Thanks for pointing out that they had added the .25% - I hadn't realised, and it makes it a pretty good rate.

As a few others have already said, it's not really fair to give YBS a hard time over this change. They are obliged to give as good a deal as possible for ~all~ their customers, and the RegSaver was giving an excellent deal to just a few. So although I'm a loser from the change I fully support their reasons for doing it.

Frogletina

Yorkshire_Pud wrote: »

The last day for this account before it becomes the Single Access Saver Unique Edition paying 1.75% interest for 12m. Only one withdrawal allowed plus one more if account is closed.

Not a bad rate of interest now with very few other providers passing on the BOE .25% rise.

Has anyone found any better options for their funds?

I've already withdrawn most of the money from this account and was intending to close it. I would probably not have withdrawn the money had I known it was going to go up to 1.75%

My money is now in an ISA earning 1.35%. I have filled other higher earning accounts, except my Santander 1.5%, but I will be paying some tax on my savings this year so I wanted to reduce that amount.

I will be opening new virgin regular savers as they appear in the new year, currently 2.25%

frogletina

Yorkshire_Pud

One possibly important thing to remember is that the new account has a MINIMUM balance of £100 whereas the existing reg saver is/was £10 so for those who reduced their balance whilst waiting for the new account maybe a top up is in order!? But NOT TODAY if you already paid in £500 this month and then withdrew the funds to below £100 or it might count as more than £500 being paid in under the reg saver conditions (but see my later note re overpayment). But first thing tomorrow 14th December!

I might have shafted myself as although I had kept £100 in the account I transferred £100 yesterday so I've paid in £600 this month:o

Just checked their website and it appears they just send back any overpayment in the form of a cheque so I should be OK. I withdrew the overpayment anyway which I am allowed to do under the transitional T&C in place.

If they close the account at the eleventh hour I will wonder if they are trying to get rid of reg saver account holders, and then I will complain and ask compensation and reinstatement of the account (or just go elsewhere:))

oldfella

my reg saver has disappeared with no sign of new account. Anyone seeing the new account ?

Yorkshire_Pud

oldfella wrote: »

my reg saver has disappeared with no sign of new account. Anyone seeing the new account ?

My updated new account is showing with 1.75% interest rate etc.
Expect it will appear soon as systems update.

Frogletina

On 1st December I added £500 to my account, having only left £10 in there. Interest was added the next day (62p) and I withdrew £500.62 on 5th December.

Today, my account shows £10, plus interest of £6.68, which I certainly was not expecting. Surely this is an error.

Does anyone have a link to the terms and conditions for the single access saver unique edition as I cannot find my paperwork on this and cannot find details online?

I've also noticed that the regular saver is now showing an interest rate of 2% - as this is a variable rate I may open this although annoyingly this cannot be opened online.

frogletina

Yorkshire_Pud

Frogletina wrote: »

On 1st December I added £500 to my account, having only left £10 in there. Interest was added the next day (62p) and I withdrew £500.62 on 5th December.

Today, my account shows £10, plus interest of £6.68, which I certainly was not expecting. Surely this is an error.

Does anyone have a link to the terms and conditions for the single access saver unique edition as I cannot find my paperwork on this and cannot find details online?

I've also noticed that the regular saver is now showing an interest rate of 2% - as this is a variable rate I may open this although annoyingly this cannot be opened online.

frogletina

I also got a payment shown as Interest of £4.92. It was paid to my other YBS account where the account interest without bonus was always paid. Therefore I'm 100% sure, after a bit of thinking, that this interest payment is the 0.05% interest whereas the Bonus was paid in advance and monthly since October. So it can't be a mistake!:T

mhoc

Yorkshire_Pud wrote: »

I also got a payment shown as Interest of £4.92. It was paid to my other YBS account where the account interest without bonus was always paid. Therefore I'm 100% sure, after a bit of thinking, that this interest payment is the 0.05% interest whereas the Bonus was paid in advance and monthly since October. So it can't be a mistake!:T

I got £15.04 in interest added - I only added £10 in November and December so I don't know how much more interest I would have got for the last 6 weeks ...

But at least everything is showing as correct now at 1.75%. My other newer YBS regular saver is showing as 2%

Yorkshire_Pud

mhoc wrote: »

I got £15.04 in interest added - I only added £10 in November and December so I don't know how much more interest I would have got for the last 6 weeks ...

But at least everything is showing as correct now at 1.75%. My other newer YBS regular saver is showing as 2%

Its different for all because it runs from the last time your annual interest was paid, mine was since May 1st yours for longer I would think.:)