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Summary box

Key product information for our savings accounts

Signature Savings Account
Instant Savings Account
Jumpstart Savers Account
Headstart Savers Account
Flexi Cash ISA

 

 

 

Important information

Summary box

Key product information for your savings account

Account name Signature Savings Account
What is the interest rate?
Balance
Rates quoted applies to both Gross* & AER+ pa
£100,000 and over
0.50
£50,000 - £99,999
0.40
£25,000 - £49,999
0.35
£0 - £24,999
0.30

Interest is calculated on a daily basis and is paid on the last business day of each calendar quarter.

The rate of interest on this account is tiered. You will earn one rate based on your account balance.
Can Yorkshire Bank change the interest rate? Yes, if we decrease your rate we will provide at least 2 months’ notice as described in Section 15.2 of the Terms and Conditions. We may increase your rate without giving you notice.
What would the estimated balance be after 12 months based on a range of deposits?
Initial deposit at account opening Balance after 12 months
£100,000 £100,500.00
£50,000 £50,200.00
£25,000 £25,087.50
£1,000 £1,003.00

These are only examples for illustrative purposes and do not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rates and tiers.
How do I open and manage my account?

You may only open a Signature Savings Account if you have a Signature Current Account with us in the same name(s). The Signature Savings Account will remain open, provided the Signature Current Account is maintained as described in the Terms and Conditions.

The account can be opened in branch or online, www.ybonline.co.uk or call us on 0800 678 3380.

There are no minimum or maximum balance restrictions or need to pay in on a regular basis. You must be aged 18 or over.
Can I withdraw money? You may only withdraw funds by transfer to your linked current account using internet/telephone banking/Mobile Banking Service.
Additional Information

Interest will be paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Summary box

Key product information for your instant savings account

Account name Instant Savings
What is the interest rate?
Balance Gross Rate (%) AER (%)
£100,000 and over 0.25 0.25
£50,000 – £99,999 0.25 0.25
£25,000 – £49,999 0.25 0.25
£10,000 – £24,999 0.25 0.25
£5,000 – £9,999 0.20 0.20
£250 – £4,999 0.20 0.20
£1 – £249 0.20 0.20

Interest is calculated on a daily basis and is paid on the last business day of each calendar quarter.
Can Yorkshire Bank change the interest rate? Yes, if we decrease your rate we will provide at least 2 months’ notice as described in Section 15.2 of the Terms and Conditions. We may increase your rate without giving you notice.
What would the estimated balance be after 12 months based on a range of deposits?
Initial deposit at account opening Balance after 12 months
£100,000 £100,250.00
£50,000 £50,125.00
£25,000 £25,062.50
£10,000 £10,025.00
£5,000 £5,010.00
£250 £250.50
£100 £100.20

This is only an example and does not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to the interest rate and tiers.
How do I open and manage my account?

The account can be opened in branch or online, www.ybonline.co.uk or call us on 0800 678 3380.

You must deposit at least £1 to open the account. There is no maximum balance restriction or need to pay in on a regular basis. You must be aged 16 or over.
Can I withdraw money? You may withdraw funds by using internet/telephone banking/Mobile Banking Service/ATM or in branch. No notice is required.
Additional Information

Interest will be paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Summary box

Key product information for your Jumpstart savings account

Account name Jumpstart Savers Account
What is the interest rate?
Balance
Rates quoted applies to both Gross* & AER+ pa
£1,000 and over 0.40 0.40
£500 - £999 0.35 0.35
£250 - £499 0.35 0.35
£1 - £249 0.30 0.30

Interest is calculated on a daily basis and is paid on the last business day of each calendar quarter. The rate of interest on this account is tiered. You will earn one rate based on your account balance.
Can Yorkshire Bank change the interest rate? Yes, if we decrease your rate we will provide at least 2 months’ notice as described in Section 3.6.13 of the Terms and Conditions. We may increase your rate without giving you notice.
What would the estimated balance be after 12 months based on a range of deposits?
Initial deposit at account opening Balance after 12 months
£1,000 £1,004.00
£500 £501.75
£250 £250.87
£100 £100.30

This is only an example and does not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rates and tiers.
How do I open and manage my account?

This is an account for children aged from 6 to 16. If children are over 11 years of age, they can open and operate the account in their name provided their parent, guardian, grandparent or other responsible adult agrees. If children are under 11, the account can be opened in their name and operated by their parent, guardian, grandparent or other responsible adult. Children can have their own dual-function card (acts as a debit card to buy goods and services and for use at ATM’s) when they are 11, providing their parent, guardian, grandparent or other responsible adult agrees.

The account can be opened in branch. The minimum amount to open and maintain the account is £1.
Can I withdraw money?

Yes, the controlling adult or child if consent has been given to allow the child to operate the account may withdraw funds by using internet/telephone banking/Mobile Banking Service/ATM or in branch. There is no notice period.
Additional Information

Interest will be paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Summary box

Key product information for your Headstart savings account

Account name Headstart Savers Account
What is the interest rate?
Balance Gross Rate (%) AER (%)
£1 and over 1.10 1.10

The gross interest rate payable is 1% above the Bank of England base rate, which is currently 0.10%. Interest is calculated on a daily basis and is paid on the last business day of each calendar quarter.
Can Yorkshire Bank change the interest rate? The gross interest rate payable is 1% above the Bank of England base rate, which is currently 0.10%. The rates will be changed on the first business day following any Bank of England base rate change. We will only give you advance warning of any rate change if we change the rate from paying 1% above Bank of England base rate. If this happened we will provide at least 2 months’ notice as described in Section 3.6.13 of the Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Initial deposit at account opening Balance after 12 months
£1,000 £1011.00

This is only an example and does not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rates and tiers.
How do I open and manage my account?

This is an account for children aged from 0 to 16. An Adult must open and operate the Account on behalf of the child;

The account can be opened in branch. The minimum amount to open and maintain the account is £1.
Can I withdraw money?

Withdrawals require 95 days’ notice. Withdrawals without 95 days’ notice are not permitted except in the event of the death of an Account holder. Notice to withdraw can be given in branch.
Additional Information

Interest will be paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Summary box

Key product information for your Flexi Cash ISA savings account

Account name Flexi Cash ISA Account
What is the interest rate?
Balance
Rates quoted applies to both Gross* & AER+ pa
£1 and over
0.25

Interest is calculated on a daily basis and is paid annually on 31st December or the first business day thereafter. The rate of interest on this account is tiered. You will earn one rate based on your account balance.
Can Yorkshire Bank change the interest rate? Yes, if we decrease your rate we will provide at least 2 months’ notice as described in Section 8. 2 of the Terms and Conditions. We may increase your rate without giving you notice.
What would the estimated balance be after 12 months based on a range of deposits?
Initial deposit at account opening Balance after 12 months
£40,000 £40,100.00
£20,000 £20,050.00
£1,000 £1,002.50

This is only an example and does not take into account your individual circumstances.

The examples assume that:

  • no further deposits or withdrawals are made;
  • any interest earned stays in the account; and
  • there is no change to interest rates and tiers.
How do I open and manage my account?

The account can be opened in branch or online. You must be aged 16 or over.

Minimum deposit required to open and maintain this account is £10. The overall ISA limit for 2020/2021 is £20,000.
Can I withdraw money?

Your money is not tied up and you can take your money out of a Flexi Cash ISA at any time without losing any tax benefits. You can carry out transactions online, by phone, at your local branch and by post. No notice is required to withdraw.

Any subscriptions you make in the current tax year can be withdrawn and replaced without the replacement money counting towards your annual subscription limit.

The replacement money has to be paid back into your ISA in the same tax year it is withdrawn or you will lose the ability to replace it.
Additional Information

Tax free - interest is paid gross.

Gross rate interest is the interest payable without taking account of any tax payable.

AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

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