Old YBS Regular Savers - opportunity?

[Ord]

Does anyone else still has an old YBS regular saver going at £10 per month?

If you have spare cash you don't want to risk via investments, and don't want to tie up in a fixed rate account for higher interest, then don't forget that this account still has a 3.5% bonus - which is a bottom line on the annual interest as other accounts head towards 0%.

You can change the monthly payments up to £500 pm - and back down to £10 when you want to stop.

If interest rates turn upwards again, or you need the cash, there is one annual withdrawal allowed without losing the 3.5% bonus. Heads you win, tails you don't lose.

The current rate from 1 February is 3.75% ie 0.25% + the 3.5% bonus.

This equals the best current one year bond from a BS - Coventry 3.75% - which was put on the market before the last 0.5% BofE rate cut and won't be around for long.

[bristolleedsfan]

Another factor is what account people will be feeding YBS regular saver with, apart from Abbey 3% Instant Access Branch based account which would require a branch visit once a month have you any other ideas about a feeder account ?????????

Many people opened a Tesco Instant Access account before the 12 month bonus was made defunct for new applicants, I believe that this account currently pays 4% including bonus.

[carpetmuncher]

Shhhhhh. They heard us.
They just cut the rates.

[bristolleedsfan]

Shhhhhh. They heard us.
They just cut the rates.

http://www.ybs.co.uk/savings/interes...ularsaver.html

I guess unless someone has a Tesco account with bonus in effect then most convenient feeder account would be :

http://www.ybs.co.uk/savings/online/...ver/index.html

Coventry BS 1 Year fix appears to be still available as well.

http://www.moneyfacts.co.uk/money/sa...ate-bonds.aspx

[Ord]

Shhhhhh. They heard us.
They just cut the rates.

They'd made the cut before the OP. All the rates quoted above in the OP still apply.

Thanks for the help with the feeder a/c, blf. I've got that YBS account as a working / non-bagger a/c but hadn't thought of using it to feed the Regular Saver.