Yorkshire BS Regular Saver: IRs Going Down

harold123

yep thats about right then... thanks for confirming it.

What do you think my best options are? continue with the 500 a month throughout year 2 or withdraw the cash?

Thanks in advance

YorkshireBoy

harold123 wrote: »

yep thats about right then... thanks for confirming it.

What do you think my best options are? continue with the 500 a month throughout year 2 or withdraw the cash?

Thanks in advance

Many people are withdrawing almost all and investing elsewhere (some good fixes at the moment). Personally, I've cut mine back to £10 a month (putting the surplus in BM at 6.5% AER) until I decide what to do.

If it's your only YBS account, consider leaving £100 in there (and obviously topping up each month with the minimum £10)...or open another account type (£100 minimum balance) in order to retain membership/merger rights.

p1an0player

Received a letter saying that a "payment month" is now a "calendar month".
Fine, but I assumed it was anyway. Does anyone know what was it before?

YorkshireBoy

p1an0player wrote: »

Received a letter saying that a "payment month" is now a "calendar month".
Fine, but I assumed it was anyway. Does anyone know what was it before?

Does this help?...

http://forums.moneysavingexpert.com/showthread.html?t=894987

p1an0player

It's useful but doesn't answer this particular question

baby_boomer

I think the account changes were

a) because they didn't ask kazza to be their consultant before offering the account

and

b) an excuse to cut the interest rate by 0.25%

P.S. I had a nice experience the other day. Having paid in loadsaextramoney by bank error I wrote to YBS to plead for clemency but the branch said that I'd lost the bonus rate.

But on my passbook I've been paid top interest on all the extra £500s I paid in at the start of the account . It's always worth asking.

Ologhai

I've just noticed that the MSE Regular Savings Page is out of date: it's still reporting that the YBS Regular Saver has an interest rate of 6.6%, but as in the OP, the IR has been 6.35% for about a month.

Is there any way of notifying someone that it needs changing?

Rose_Crow

Just seen this, I can't remember how long mines been going for, but I was using it for the conditional bonus. However it looks as though the net rate is 5.08% on the regular saver. I'd be tempted to get the 2 year fixed bond with 5.20% net.

Although I don't max out my ISA, the idea behind the regular saver is so that I don't dip into those saving (ISA's are to easy to get money out of!) Quite like the idea of a bond though...

Bisoy

I have closed my YBS RS last week after applying for Abbey's fixed rate monthly saver. I have already started moving some of our YBS accounts to a better one such as children's one day account to Halifax save 4it and my Ybs internet saver to A/L e-saver although keeping a few hundred for a quick access.

BenL

Managed to get down the branch at lunch to close mine off as well.

The printout in the book shows "Product Migration" - don't know what to. It may have changed to another issue of the same account but it may have been changed to another account.