This comparison simply includes all savings accounts.
Yorkshire Bank Savings Accounts
Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
Why we like it: MARKET LEADING RATE. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.
Why we like it: Free withdrawals and no notice period. Deposit from £100. Includes a fixed bonus of 0.95% gross fixed for the first 12 months. Quick and easy online application
Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected
Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected
Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected
Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected
Why we like it: Save from £1,000 to £1,000,000. No withdrawals before the end of the term. RCI Bank are protected up to a total of €100,000 by the FGDR (Fonds de Garantie Dépôts et de Résolution), the French deposit protection scheme. Apply online.
Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.
Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.
Compare Yorkshire Bank savings accounts
Yorkshire Bank operates as a trading division of Clydesdale Bank. Their different savings accounts offer various features making some more suitable for long term saving and others better for short term, flexible saving.
Below we explain the main kinds of savings accounts Yorkshire Bank offers and how they could suit your saving needs.
Current Accounts
It will likely make sense to keep as much of your savings as possible in your current account as these usually offer good rates, up to a threshold.
If you exceed your deposit threshold, you may not earn any interest at all on the excess balance. In this case, you will almost certain benefit from transferring the non-earning portion of your savings into a dedicated savings account.
Instant Access Savings Accounts
If having the ability to add and remove money from your savings account whenever you need it appeals, an instant access savings account is a good choice. There is normally no fee or penalty for making deposits and withdrawals, although there may be a yearly limit on how many you can make.
Most instant access accounts now come with online and telephone banking and you may also benefit from a cash card allowing you to take money out at cash points.
Fixed Rate Bonds
Savers who want a relatively safe way of earning a return should look closely at fixed rate bonds. They offer a guaranteed rate of interest over a set period (generally 1-5 years) in exchange for locking your money away until the period expires. Usually you will get a better interest rate the longer the bond lasts for, so these can be a very attractive choice for long term saving.
Cash ISAs
If you normally have to pay UK tax, you will likely benefit from taking out a cash ISA. These allow you to legally avoid tax on the interest you earn on deposits beneath an annual limit set by the government. For the 2017/18 tax year that amount is £20,000.
There are two basic types of ISA you need to consider – instant access and fixed term. These essentially act like instant access savings accounts and fixed term bonds respectively, but with the added bonus of not needing to pay tax on the interest you earn.
It is worth noting that the interest rates on cash ISAs tend to be a little lower than for some other types of savings accounts. This means you have to weigh up your likely tax savings against the amount you stand to potentially lose by taking a lower interest rate.
Find the best Yorkshire Bank savings account for you
When planning your long term finances, it is important to get the best deal on your savings account. Our savings account comparison table (above) lets you see the top offers we have sourced from across the market. This makes it easy for you to find the type of account that best matches your requirements.
