This comparison simply includes all savings accounts.
Yorkshire Building Society Current Account
Why we like it: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: SPECIAL OFFER - £100 for SWITCHING to a First Direct 1st Account. Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. To qualify, switch using the Current Account Switch Service, deposit £1000 within 3 months of account opening. New customers only that have not opened a HSBC account on or after 1 Jan 2018
Why we like it: Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Voted best British Bank and Best Current Account 2018 - 2021 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Open a GBP and EUR current account using your mobile in minutes, with no credit checks and no proof of address required. Track your account activity in real-time, get an overview of your monthly outgoings, set budgets and set your savings aside from your day-to-day spending. Get instant updates on your mobile whenever you receive or spend money. Add money to your account instantly by debit card or bank transfer. Spend on your Monese card and make ATM withdrawals worldwide with fee-free allowances and money-saving exchange rates. Send money to your contacts and request payments from them. You can also save when you transfer money abroad at the wholesale currency exchange rate. Transfers between Monese accounts are also free and instant. You can use your Monese app in any one of 12 languages
Why we like it: Up to 3% cashback on selected household bills, capped at £5 for each cashback tier each month. Earn up to 15% cashback with Retailer Offers. Easy to manage online or on mobile app. Get access to a range of 123 offers. Arranged Overdraft facility (subject to status) - 39.94% APR / EAR (variable). Must be 18 or older and UK resident. Customers must pay a minimum of £500 into account each month, have 2 active Direct Debits, log onto Online or Mobile Banking at least once every 3 months. Must not currently hold 2 Reward accounts. £2 monthly fee.
Why we like it: Can be opened by or on behalf of any child up to the age of 17. Debit or cash card available for those aged between 13 and 17. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee). If you’re aged between 13 and 17 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility. 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000). Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: A bank account that can build credit history. No credit check during sign up. Apply straight from your mobile. Instant online decision. Get your Contactless Debit Mastercard within 3-5 working days. Add Creditbuilder onto your account and it could help build your credit rating at no extra cost. Deposit cash into your account at any Post Office UK branch. Money is available in your account immediately. Manage your account 24/7 from any device with the banking app - get real time balance information, statements, add payees send payments and apply for extras. Automatic payment alerts. UK based Customer Services Team. Your money is protected up to £85,000 by the FSCS (Financial Services Compensation Scheme)
Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each. Plus earn an extra £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable
Why we like it: An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable
Why we like it: A free 4-year Santander 16-25 Railcard worth £100 (average saving of £189 per year). Earn cashback of up to 15% at a range of major retailers when you use Retailer Offers with your Santander debit card. No monthly account fee
Yorkshire Building Society
YBS have a range of easy-access and online savings options that could help you get started with saving.
Their online savings accounts include:
Help to Buy: ISA
This is a great scheme that helps you save with a 2.00% tax-free p.a./AER variable. You can open this Cash ISA with up to £1,200 in the first calendar month, a calendar month being the start to end of each month. During the following months, you can then save up to £200 per calendar month.
This account is designed for first time buyers saving for their first UK residential property. The name ‘help to buy’ is due to the 25% bonus incentive from the Government on your savings. The minimum bonus is £400 based on savings of £1,600 with a maximum bonus of £3,000 based on £12,000 saved. There are some rules :
- Withdrawals are permitted but won’t qualify for a Government bonus
- This is not a flexible ISA so subject to subscription limits
You can save from as little as £1, up to a maximum of £1 million at 0.50% gross p.a/AER variable. With this account you can:
- Opt to receive an ATM card to withdraw money at any LINK ATM
- Make as many withdrawals online as you like
- Monthly and annual interest options
- View your balance and transfer money online whenever you choose
You can open this account with just £10 and save at 0.50%p.a./AER variable.
With this account you can:
- Transfer in ISAs from other providers - charges may apply so check with your existing provider
- Make withdrawals online by transferring money to any account you choose
- Annual interest
- View your balance, recent transactions and statements online
Easy Access Savings Account
This is a cash card saver meaning you’ll be able to withdraw money from it at any ATM. You can earn interest on your savings at the rate of 0.25% gross p.a./AER variable and open it with £10 or more.
With this account you can:
- Make as many withdrawals as you like - the minimum operating balance is zero
- Register to view your balance, manage payments and transfer money online whenever you choose
- Get 24-hour access to your money with a card you can use at any LINK ATM
- Receive interest once a year
Triple Access Saver
Much like a traditional savings account. This is a passbook account. With the Triple Access Saver you can save from £100 up to £2 million and add to the account whenever you like. You will earn interest at 0.60% gross p.a./AER variable. With this account you can:
- Close your account with no loss of interest by using one of your 3 withdrawal days
- Manage your account with a Passbook in any of their branches
- Make withdrawals on 3 days each account year based on the anniversary of the account opening
This savings account is open to both adults and children and you can save from £10 up to £2million.
With this account you can support the RSPCA as they’ll donate 0.25% of the average daily balance in all RSPCA accounts to the RSPCA each year. You can also:
- Manage your account with a Passbook in any of their branches
- Make withdrawals on any four days each account year based on the anniversary of the account opening
Yorkshire Building Society have a great range of options for people to begin saving.