Yorkshire Building Society

 

History

The history of the Yorkshire Building Society is a long one, dating all the way back to 1864 and the establishment of the Huddersfield Equitable Permanent Benefit Building Society. This entity eventually evolved into the Yorkshire Building Society in 1982, after a long series of mergers and acquisitions in the century preceding. Yorkshire Building Society continued to grow after this point, with subsequent mergers and the addition of YorkSHARE Limited, a share dealing service that is run by Yorkshire Building Society.

Current Information

Today, the Yorkshire Building Society boasts assets of more than £23.0 billion and provides 135 branches across the UK. In addition, customers enjoy the convenience of online and phone banking for a large range of their needs. The main office of the Yorkshire Building Society is located in Yorkshire on the southern outskirts of Bradford, and it employs about 800 people.

Cash ISAs Available

Yorkshire Building Society offers one of the best selections of ISAs available, with a wide range of both cash and stocks and shares ISAs from which to choose.  The following is a listing of the cash accounts offered by YBS:

  • E-ISA – Managed completely online, this ISA requires a minimum investment of £10, with interest paid annually. Additional deposits must also be a minimum of £10. Withdrawals are allowed at any time, in minimum amounts of £10.
  • Fixed Rate ISA – This account offers a competitive fixed rate, which is tiered based on whether you have interest paid out monthly or annually. The account requires a minimum investment of £100, and withdrawals are not permitted until the account matures at a date set by the bank. The interest rate is fixed throughout the term.
  • Anniversary ISA – Unlike the Fixed Rate ISA, the Anniversary ISA term is based on the day you open the account. During your anniversary month, you are allowed to make deposits, withdrawals or transfers without penalty. The account offers a fixed rate of interest during the term, which can be paid monthly or annually. Initial investment must be at least £100.
  • ISA Plus – This account can be opened for as little as £10, and withdrawals can be made at any time without penalty. Interest can be paid monthly or annually. The rate on this ISA is variable, and it is set to go no lower than 1% below the Bank of England base rate.
  • Monthly Reward ISA – The monthly reward on this account comes when you do not access your funds at any time during the month, encouraging you to save rather than spend. Interest is payable on the first working day of the month, but is not earned during months when withdrawals are made.

Stocks and Shares ISAs to Choose From

 

The Yorkshire Building Society also offers a stocks and shares ISA for customers who are interested in undertaking a bit more risk for a higher potential rate of return. Yorkshire offers a variety of ISA funds for customers to choose from, which are subject to change regularly, based on current market trends. To find out more about stocks and shares ISAs through YBS, schedule an appointment with a Legal & General consultant.

Yorkshire Building Society has a long history and a strong presence in the UK. With one of the widest selections of ISAs available, this may be the building society to choose for all of your ISA needs.

Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

www.isa.co.uk is a trading style of Fair Investment Company Limited, which is authorised and regulated by the Financial Services Authority (FSA). Fair Investment Company Limited is entered on the FSA register (www.fsa.gov.uk) under reference number 192852. Registered in England no. 3980180. Registered address: Kings House, 14 Orchard Street, Bristol, BS1 5EH.

The information and content of this website is subject to the UK regulatory regime and is therefore intended for UK consumers.


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