Easy access savings accountsYorkshire Building Society's best easy access rate of 5.1% is significantly lower than today's market-best rate of 8%.
Cash ISAsYorkshire Building Society's best cash ISA rate of 5.1% is slightly lower than today's market-best rate of 5.71%.
Fixed-rate bondsYorkshire Building Society's best fixed-rate bond rate of 5.1% is slightly lower than today's market-best rate of 5.8%.
Regular savings accountsYorkshire Building Society's best regular savings account rate of 7% is slightly lower than today's market-best rate of 8%.
About Yorkshire Building Society
Yorkshire Building Society (YBS) is the third largest building society in the UK, with more than 3 million customers and £53 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.
Overview of Yorkshire Building Society savings
|Savings account types include||Easy access, cash ISAs, fixed-rate bonds, regular savers|
|Best easy access rate||5.1%|
|Best cash ISA rate||5.1%|
|Best fixed-rate bond rate||5.1%|
|Best regular saver rate||7%|
|Fixed bond terms||1 year 2 months - 2 years 2 months|
|Opening options||Branch, website, post|
What's the difference between instant access and easy access?
Instant access and easy access accounts tend to have fewer restrictions than some other savings accounts. These types of accounts typically allow withdrawals instantly or within 1 day, and have no penalties attached to withdrawing.
For an account to be easy access rather than instant access, it means there may be a short wait when you want to take money out and there can be limits on the number of withdrawals you can make.
In our easy and instant access tables, we show products that are variable rate or cash ISAs, that allow instant withdrawals or withdrawals within 24 hours, and that have no penalties attached to withdrawals. However, for some products, there may be a limit to the number of withdrawals you can make in a specified amount.
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.
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 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.
Yorkshire Building Society customer reviews
In our 2023 customer satisfaction survey, Yorkshire Building Society scored 4.5 stars out of 5, with 87% of customers saying they’d recommend the brand to a friend.
Customers in our survey commented positively on Yorkshire Building Society’s interest rates and helpful staff. Several also commenetd on their “hassle free” website.
The Yorkshire Building Society app has a rating of 4.7 out of 5 from around 22,800 reviews on the App Store. On Google Play, the app has a score of 4.4 from around 4,340 Android app users (July 2023).
What are the pros and cons of banking with Yorkshire Building Society?
- 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.
- 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.
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.
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