Yorkshire BS Regular Saver c2008 vintage slashed

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I've still not received the letter but I've messaged them via online banking.

Will probably leave £1 in my account and withdraw the rest once they message me to confirm it will not affect the bonus.

planteria

Yorkshire_Pud wrote: »

Got to admire the way they have done this, very thorough and on principle my money is coming out:(

fwiw i would retain membership of the society. i have saved chunks with them in recent years, when they have been competitive. currently i have just over £100 with them in the Triple Access Saver.

Yorkshire_Pud

planteria wrote: »

fwiw i would retain membership of the society. i have saved chunks with them in recent years, when they have been competitive. currently i have just over £100 with them in the Triple Access Saver.

Yes I'm staying, I have an Internet Saver with cash card which is really handy. Also have a soft spot for YBS and good products over the years.

I might withdraw most of the funds soon after 14 October as bonus will already have been paid, and maybe put some funds back in the New account after December 14th as its paying 1.5% which is more than most.

Speculator

Only paid in £10 this month into our regular ISAs. Might top it up to £500 x 2 and get extra 2 months free interest on it.

Will probably leave £100 in my internet saver also to retain membership.

Alice_Holt

Yet to receive a letter.

Looking at the T&C's for a current YBS Single Access Saver - "The Single Access Saver - Issue 4 account allows you to withdraw from your account on one day per account year based on the anniversary of the account opening date.....
As it's a passbook account and the nearest branch is some distance away that wouldn't work for me.
Much too restrictive, so it'll be a trawl through the MSE best savings rates tables.
(Or perhaps a ponder on adding to my SIPP).

It was good while it lasted. Started mine in 2006.

Frogletina

Alice_Holt wrote: »

Yet to receive a letter.

Looking at the T&C's for a current YBS Single Access Saver - "The Single Access Saver - Issue 4 account allows you to withdraw from your account on one day per account year based on the anniversary of the account opening date.....
As it's a passbook account and the nearest branch is some distance away that wouldn't work for me.
Much too restrictive, so it'll be a trawl through the MSE best savings rates tables.
(Or perhaps a ponder on adding to my SIPP).

It was good while it lasted. Started mine in 2006.

I will use the money from the closure to top up my Santander account which has been seriously depleted funding my regular savers. I've even had to withdraw £3000 from my Lloyds club account, so I will repay that first.

I don't have enough spare cash to use an account which is restricted to one withdrawal a year.

mhoc

Please can I confirm this closure is for issue one YBS regular saver?

I've not seen anyone specify the account name on either thread and no letter here yet either.

I have Regular Saver October Issue 2
paying 0.50% plus 2% bonus - interest just paid on October 1st


and also the recent Monthly Regular Saver paying the miserable 1.75%

Speculator

mhoc wrote: »

Please can I confirm this closure is for issue one YBS regular saver?

I've not seen anyone specify the account name on either thread and no letter here yet either.

I have Regular Saver October Issue 2
paying 0.50% plus 2% bonus - interest just paid on October 1st


and also the recent Monthly Regular Saver paying the miserable 1.75%

Yes, the letter is for the issue 1 paying 3.55%.

mhoc

Speculator wrote: »

Yes, the letter is for the issue 1 paying 3.55%.

thank you for confirming this.

But do I rest on my laurels with my Regular Saver October Issue 2 - will that go the same way and be closed down?
I know it can only be an educated guess.

This is my longest serving regular saver now, almost 4 years - I had Cheshire and Nationwide but they were both closed a few years back now.

I am very impressed that some people have had their Yorkshire Building society since 2006 - I think I was still living hand to mouth and getting credit card debts at the time until I saw the light

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