Yorkshire BS Regular Saver: IRs Going Down

sdooley

They've clearly taken the view that as they're not going to beat 7% (they probably can't as their borrowers are not paying that much) they might as well forget about people chasing the best buy tables. Expect this rate to fall further really.

bristolleedsfan

sdooley wrote: »

They've clearly taken the view that as they're not going to beat 7% , they might as well forget about people chasing the best buy tables. .

:huh: :huh: :huh:

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

sdooley

Just because other banks can offer their savers rates well above the base rate doesn't mean the Yorkshire BS can.

Old_Slaphead

Anyone know -

a transfer made from my online YBS account on Tuesday would reach my NW Flexaccount following Friday or Monday ??

nb can't do a 'test' because it's the 1 annual withdrawal penalty free allowed from RS account

YorkshireBoy

Old_Slaphead wrote: »

Anyone know -

a transfer made from my online YBS account on Tuesday would reach my NW Flexaccount following Friday or Monday ??

In my experience (none done since January this year), you'd need to initiate the transfer between 00:01 and 00.20 Tuesday morning, ie before the overnight processing takes place, to have a chance of getting the money there by Friday.

nb can't do a 'test' because it's the 1 annual withdrawal penalty free allowed from RS account

You could 'test' it from an Internet Saver - if you have one? - a week earlier because the 'mechanism' is the same.

RayWolfe

Last week I did a transfer Monday morning, it arrived Thursday

YorkshireBoy

RayWolfe wrote: »

Last week I did a transfer Monday morning, it arrived Thursday

At what time Ray?

bristolleedsfan

sdooley wrote: »

Just because other banks can offer their savers rates well above the base rate doesn't mean the Yorkshire BS can.

:huh: :huh:

Yorkshire BS Regular saver is "well above the base rate" 1.35% above the base rate to be precise.

harold123

i have just looked at my statement online after year 1, having saved the maximum of 500 every month for the first year, i have been paid a total of £161 interest ( including deductions for tax) does this seem right? it seems low to me but i haven't got a clue a bout this kind of thing to be honest??

Help?!

YorkshireBoy

harold123 wrote: »

i have just looked at my statement online after year 1, having saved the maximum of 500 every month for the first year, i have been paid a total of £161 interest ( including deductions for tax) does this seem right? it seems low to me but i haven't got a clue a bout this kind of thing to be honest??

Help?!

Yes. It's about right. Don't forget you won't earn the going rate on the entire £6,000 saved.

Your bonus interest should be around:

£6,000 x 3.5% / 12 x 6.5 x 0.8 = £91

and your normal interest will make up the rest (the rate has fluctuated - downwards mainly!! - throughout the year).