Yorkshire BS Regular Saver down to 6.60% from 1st March

bristolleedsfan

Not really a suprise.

http://www.moneyfacts.co.uk/savings/bestbuys/regular-savings-accounts.aspx

Afahmaep

The question is do we start withdrawing the money (using the linked YBS 6.00% Internet Saver with card at £250 per time) or continue putting £500 per month in up to the max £20k.
As of tomorrow I will have over 10k sitting in it.
Best to keep it going and take advantage of future interest rate rises IMO.

bristolleedsfan

Afahmaep wrote: »

The question is do we start withdrawing the money (using the linked YBS 6.00% Internet Saver with card at £250 per time) or continue putting £500 per month in up to the max £20k.
As of tomorrow I will have over 10k sitting in it.
Best to keep it going and take advantage of future interest rate rises IMO.

I moved most of mine out into Chelsea BS 6.90% Fix in January.

Expect YBS 6% Internet Saver to fall as well on 1st March. ( YBS Website doesnt currently reflect March 1st Rates)

Most people are expecting "future interest rate" Decreases.

Afahmaep : U might be interested to know that Scottish BS New Regular Saver does not require a minimum of 1000.00 from those living outside Scotland, is 25.00 minimum. :j

( Is of no interest to those whom are interested in High Paying Regular Savings Rates)

mary

I'm keeping mine going, but instead of paying in £500 p.m. will drop it down to £10 p.month instead. I am happy for what is in there to stay at 6.6%, but it's not worth transferring £500 chunks at a time from 6.4% to 6.6%.

Chadsman

As I understand it if you make more than one withdrawal per account year you do not qualify for the bonus interest rate.

bristolleedsfan

Chadsman wrote: »

As I understand it if you make more than one withdrawal per account year you do not qualify for the bonus interest rate.

Correct. :T