Yorkshire Building Society

Cigar

Hello all.  

My wife has had a regular saver with YBS for just over a year (2.5% @ £250/month) but due to branch opening hours and being key workers we didn’t have the opportunity to close this account until today.  No problems with the closure, always found YBS branch staff to be excellent.  My wife was told just prior to actual closure that they have some new accounts coming aimed at existing customers.  The first, we won’t qualify for as our relationship with YBS is only 12 months, plus a few weeks but it’s a 3% “something”, presumably a regular saver?  From what was said in branch, communication will be by post.  Another product is coming shortly after which she will qualify for but no further details offered.  

Might be a ruse to keep a customer but if not there may be some benefits to keeping membership.  £3k removed but the interest is still there to, hopefully, qualify for something worth taking up?

veryintrigued

Not sure if there is a question in there or if you're highlighting some offers (or a little of both) but we've had two YBS RS mature over the past 12 months and have moved funds online (a day before 'maturity date' in actual fact as that's when interest was added).

Cigar

I was just trying to give a “heads up” whilst explaining.  I don’t use YBS myself - the 2.5% offer suited my wife at the time.  She says the online banking is shocking, hence the preference for a branch visit.

veryintrigued

Ok - fingers crossed for the heads-up.

Let's hope some decent offers crop up soon.

Transferring online should definitely be kept on your radar. My RS3 (only 1% and for a year) matured at the weekend.

Works well.

soulsaver

Can't wait to find out what was misunderstood..

Cigar

soulsaver said:

Can't wait to find out what was misunderstood..

Me neither.  Was just trying to help.  Shan’t bother in future.

typistretired

Cigar said:

Me neither.  Was just trying to help.  Shan’t bother in future.

I appreciate your post 

Pangolin76

Cigar said:

Hello all.  

My wife has had a regular saver with YBS for just over a year (2.5% @ £250/month) but due to branch opening hours and being key workers we didn’t have the opportunity to close this account until today.  No problems with the closure, always found YBS branch staff to be excellent.  My wife was told just prior to actual closure that they have some new accounts coming aimed at existing customers.  The first, we won’t qualify for as our relationship with YBS is only 12 months, plus a few weeks but it’s a 3% “something”, presumably a regular saver?  From what was said in branch, communication will be by post.  Another product is coming shortly after which she will qualify for but no further details offered.  

Might be a ruse to keep a customer but if not there may be some benefits to keeping membership.  £3k removed but the interest is still there to, hopefully, qualify for something worth taking up?

I received an email today from YBS today, there's a regular saver offering, 3.5% for savings with a maximum monthly deposit of £500. It seems its a one year deal and will then transfer into a regular saver after the year is up, no information if they will repeat the offer year on year. You need to have had a savings or mortgage product with YBS prior to January 2020 to qualify.

Cigar

That’s a good deal in the current climate!  Sadly we don’t qualify as my wife opened the account in Jan 2020.  She was told that something else would be along shortly after for those that don’t qualify for the initial offering, so fingers crossed!

Bimbly

It's a good tip - thanks to the OP!

YBS Loyalty Regular Saver: https://www.ybs.co.uk/savings/regular-saver/index.html

Croeso69

Bimbly said:

It's a good tip - thanks to the OP!

YBS Loyalty Regular Saver: https://www.ybs.co.uk/savings/regular-saver/index.html

Cannot open it online - post or branch only. Where's my ink and quill?