Yorkshire B. Society: New Internet Saver Plus Issue 11

Cammie50

I see Yorkshire Building Society have introduced a new Issue 11 on their Internet Saver Plus account with an increased interest rate of 1.31 on balances over £50K. I have my savings in the previous Issue 10 account with a lower rate of .82%. 

My question is: Will they automatically increase the rate on my Issue 10 account to match Issue 11 or do I have to open a new Issue 11 account and transfer the lot over to get the new current rate?

ScarletBea

Normally you'll need to open the new issue and transfer the money to the higher rate account.

Cammie50

ScarletBea said:

Normally you'll need to open the new issue and transfer the money to the higher rate account.

Thanks for your reply….I guessed that would be the case. 

Bigwheels1111

Why not go with Chase at 1.5% for any balance?.