Yorkshire Building Society

Yorkshire Building Society savings accounts and interest rates

Find out more about Yorkshire Building Society's savings accounts

Yorkshire Building Society (YBS) is the third largest building society in the UK, with more than 3 million customers and £42 billion in assets.

Much of its growth has been over the last 10 years, with around 1.5 million new members joining from across the UK in that time. It still has its roots in Yorkshire, though, with its headquarters on the outskirts of Bradford.

It offers a range of financial products, including savings accounts. Find out here if it’s the best option for you.

Yorkshire Building Society instant access savings accounts and interest rates

Table: sorted by interest rate, promoted deals first
Name Product Account type Withdrawals Min. opening balance Interest rate Apply link
Yorkshire Building Society – Rainy Day Account
Yorkshire Building Society
Variable
Instant access
£10
0.45% AER variable
Yorkshire Building Society – Access Saver Plus Issue 6
Yorkshire Building Society
Variable
Instant access
£1
0.15% AER variable
loading

Compare up to 4 providers

Cash ISAs and rates

Table: sorted by interest rate, promoted deals first
Name Product Account type Withdrawals Min. opening balance Interest rate Apply link
Yorkshire Building Society – Fixed Rate Cash ISA until 31 December 2024
Yorkshire Building Society
Cash ISA
Withdrawals not permitted
£100
0.7% AER fixed until 31.12.24
Yorkshire Building Society – Fixed Rate Cash e-ISA until 31 December 2024
Yorkshire Building Society
Cash ISA
Withdrawals not permitted
£100
0.7% AER fixed until 31.12.24
loading

Compare up to 4 providers

Fixed-rate bonds

Table: sorted by interest rate, promoted deals first
Name Product Account type Withdrawals Min. opening balance Interest rate Apply link
Yorkshire Building Society – Fixed Rate eBond until 31 December 2024
Yorkshire Building Society
Fixed
Withdrawals not permitted
£1,000
0.75% AER fixed until 31.12.24
Yorkshire Building Society – Fixed Rate Bond until 31 December 2024
Yorkshire Building Society
Fixed
Withdrawals not permitted
£1,000
0.75% AER fixed until 31.12.24
loading

Compare up to 4 providers

What savings accounts does Yorkshire Building Society offer?

Yorkshire Building Society offers a wide range of different savings products, including:

Easy Access

  • Choice of 11 different types of accounts
  • Variable interest rates ranging from 0.5% to 1.35%
  • Choice of monthly or annual interest
  • Save starting from £1, £10 or £100
  • Choice of limited or unlimited withdrawals
  • Manage your accounts online

Cash ISAs

  • Choice of 14 different types of accounts
  • Fixed or variable interest rates ranging from 0.5% to 2.25%
  • Choose from Help to Buy ISAs, fixed rate ISAs or instant access ISAs
  • Choice of monthly or annual interest
  • Save starting from £10 or £100
  • Manage your accounts online

Fixed Rate Bonds

  • Choice of six different types of accounts
  • Fixed interest rates ranging from 1.5% to 1.75%
  • Withdrawals and early closure not permitted
  • Choice of monthly or annual interest
  • Save from £1,000
  • Manage your accounts online

Regular savings

  • Save starting from £10
  • Annual interest
  • Save up to £250 per month for 1 year
  • Manage your account online

Children’s

  • Save from £10
  • Biannual interest
  • Unlimited withdrawals, subject to daily withdrawal limit of £500 per day
  • For anyone under the age of 21

Is it easy to open a Yorkshire Building Society savings account?

Some of its accounts are easier to open than others.

With some of its savings options, you can register online or by post, while with others you have to go into a branch and have a face-to-face meeting.

For those on a budget but looking to squirrel away some money, you can open some of its accounts with as little as £1.

What is a 'building society'?

A building society is a financial institution owned by its members. Building societies offer banking and related financial services including mortgages and savings.

Whereas banks are normally listed on the stock market and are run for their shareholders, building societies aren’t. Because they don’t have shareholders to pay, building societies have historically claimed to offer better interest and cheaper mortgage rates than banks.

How do I decide which account is for me?

Do you want the option of taking money out? How much money can you afford to save each month? Factors such as these will determine the right account for you.

Fixed-rate bonds will typically give you a better return, for instance, but you have to put away a lump sum for a year – with no option of taking it out early.

Once you’ve worked out the type of account, these are useful aspects to bear in mind when you’re comparing accounts:

  • Interest rates
  • Fees (if there are any)
  • Access to cash (if you need quick access, for instance)
  • Rewards and loyalty schemes (if you’re into the add-ons or switching bonuses)

Does Yorkshire Building Society offer online or mobile banking?

Yorkshire Building Society offers online banking and has a mobile app.

Here are some of the basic features of Yorkshire Building Society’s online and mobile banking services:

  • See your latest transactions
  • Move your money between accounts quickly and easily
  • Get in contact with the bank securely
  • View your personal details
  • Check your account’s interest rate

What are the pros and cons of banking with Yorkshire Building Society?

Pros

  • Online and mobile banking. Your Yorkshire Building Society savings account can be accessed via online and mobile.
  • Flexibility. Yorkshire Building Society’s extensive variety of accounts offer flexible options, no matter what kind of savings you’re looking for.
  • FSCS protection. With Yorkshire Building Society you have the peace of mind that comes from knowing your money is protected up to a total of £85,000 by the UK’s deposit guarantee scheme.

Cons

  • Limited number of branches. If you like the assurance of face-to-face customer service then Yorkshire Building Society does have a number of branches, but its network is smaller than the big high street banks.

Our verdict

Yorkshire Building Society has a range of different savings accounts on offer – including easy access and fixed-term ones – which means you’re likely to find a savings vehicle to suit your needs. As well as its branch network, you can also manage your savings account through the building society’s online banking service and mobile app.

Be sure to check out our other reviews first, though, to see how Yorkshire Building Society savings accounts weigh up against the competition in terms of rates, fees and perks.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site